Bitcoin (BTC), which has lost nearly 10% in value in a short period of time, continues its dangerous price movements, how can the direction of BTC move forward?
The leader of cryptocurrencies, which has been in a downtrend for about five days, already seems to frighten investors for the direction it will draw. BTC, which showed a decrease of up to 10 percent in the decline process starting from $ 30 thousand, risky price with his movements on the agenda. In recent weeks, the crypto world has been experiencing a spring mood. BTC, with this performance in a short time period, reversed the acceleration.
How can BTC sustain its price movements in this process where crypto investors are used to the uptrend?
Bitcoin (BTC) Chart Analysis
BTC, which started to decline from $ 30,000, came to $ 27,200. lost more than 10% . “Many times over $27,200” buyer finder “BTC continues to maintain this level as support. Currently, BTC, which is below $ 27,750, is of great importance for it to clearly overcome this resistance in order for the rises to begin.
In case of exceeding $27,750, respectively 28,250 – $28,750 and $29,180 Breaking the resistances can pave the way for big rises in the crypto market. If the possible decline scenario continues, 26,650 – $26,500of the range support work can be followed. In the process when this price band does not work, on the BTC side Pullbacks to $25,200will be on the table.
