SECin trouble with BinanceAnd coinbase, continues to keep the market on its toes, Bitcoin ( BTC) for what could happen next?
of the SEC BinanceAnd to Coinbaseto sue, Binance US ‘s crazy of dozens of coins, investors leaving the market with fear, created a great confusion in the industry. BTC, which exhibits volatile movements due to the experiences, is taking a critical step to determine its route. How did BTC, which currently finds buyers at an intermediate price, react to the fud news? In which direction can the price move next?
What Does Technical Analysis Show in Bitcoin (BTC)?
CZ’s statements about the latest developments triggered BTC upwards. Seeing selling pressure from $ 27,300, BTC momentarily relaxed to $ 25,300. From this point, it received a reaction and showed an increase of 4.20 percent. BTC, which is currently traded at $ 26,435, can be followed by breaking the levels of $ 26,800 – 27,255 – $ 28,198 and $ 28,775, respectively, in order to price it upwards.
If the SEC continues its aggressive stance and other fud news that may affect the market, the BTC price may be further lowered. Support levels to follow for BTC are $25,800 and $25,257. Buy-side transactions can be expected to play a greater role at this point.
