US Treasury Chairman Janet Yellen’s statements about financial markets negatively affected Bitcoin (BTC).
Yellen, who spoke about the financial markets yesterday evening, also led to a decline for cryptocurrencies. Yellen, who made cautious and harsh statements, became one of the main trenches that dropped Bitcoin (BTC) to $ 25,830. At the same time, a blow to BTC, which did not show a good picture technically, came from fundamental analysis.
Bitcoin (BTC) Chart Analysis
US Treasury Secretary Yellen’s speeches about finance shook the crypto market. Losing the support of $ 26,800, BTC instantly came to $ 25,840. Finding some support from this point, BTC approached its daily opening price.
Persistence on the falling trend is the main criterion for the uptrend on the BTC side to continue. The resistance levels for BTC are $28,200 – $28,775 – $29,250 respectively. The continuation of pricing in the downtrend may gradually increase the selling pressure. In this case, it increases the likelihood of testing support levels in BTC. Support points for BTC are $25,875 – $25,250, respectively.
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