Bitcoin, which has been going back and forth in a very short price range for four days ( BTC), which intensifies the buyer-seller struggle.
The volatility gradually decreased after the touch of $ 26,313 BTC Currently, it finds buyers at $26,002. The technical structure, which has become stagnant with the slowdown in the flow on the fundamental analysis side, may be waiting for news for a hard move. So what about the technical outlook on BTC? Which price points are critical?
Bitcoin (BTC) technical analysis
Priced in a very short area since testing $26,800, BTC is looking for strength at the minor support level for now. However, the risk for the world’s largest cryptocurrency in terms of market capitalization is increasing, even if it neglects $ 26,000 by a small amount. In case of failure of $26,000, decreases to $25.873 – $25.325 and $24.832 can be observed, respectively.
The arrival of news that could push the market up or the persistence above $26.313 will bring a positive mood. In such a scenario, the resistance points that can be followed on behalf of BTC are 26.313 – 26.750 – 27.467 – 28,039 and 28,406 dollars, respectively. In particular, the buyer-seller battle at $26,550 – $26,750 will be decisive for the short term.
