US Treasury President Janet Yellen’s statements about financial markets, Bitcoin ( BTC) negatively affected.
Speaking on financial markets yesterday evening, Yellen , led to a decline for cryptocurrencies as well. Making cautious and harsh statements, Yellen said that Bitcoin ( BTC ) became one of the main trenches, dropping 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. Some support from this point BTC, close to the 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.
