Bitcoin, which cannot clearly hold above $ 29,500 ( BTC), confused with the weekly opening price.
As of last night, it was around $ 29,100. BTC tested $29,500 near the weekly close. The fact that this point is a resistance area for BTC has increased the selling-side transactions. The leader of cryptocurrencies, which retreated by failing to break the resistance, signed an undecided weekly opening. What about what’s going on in BTC right now? What does technical analysis show?
Bitcoin (BTC) chart rating
After testing $ 28,900, BTC, which continues to trade in a short range, has not yet been able to sustain above $ 29,500. The leader of cryptocurrencies, which tested the $ 29,700 resistance once in the past days, retreated by not surpassing this level. BTC, which currently finds buyers at $ 29,407, can target $ 30,300 – $ 31,436 and $ 32,400, respectively, as long as it remains above $ 29,700.
The negative news in the market and the failure to exceed $ 29,500 may deepen the declines in BTC. In such a case, the levels that can be seen as support are 28,900 – 28,040 – 27,467 and 26,800 dollars, respectively. In order for the bullish expectations to continue, maintaining $ 28,900 is critical.
