In the leading cryptocurrency Bitcoin (BTC), a decision phase is expected in light of negative news flows and negative outlook.
The cryptocurrency market has been moving with the news feed and the results lately. BTC, which has not smiled since the peak of 69 thousand dollars, is going through difficult days as a result of the tightening in the global economy. Today’s news feeds are the most important factor that moves the BTC price.
BTC, which was on the rise with Grayscale’s victory over the SEC, fell back as the SEC postponed ETFs. The most important scenario currently spoken in BTC was the $23,000 band. Because when BTC was in the $20,000 band, BlackRock’s ETF application came.
Expectations in Bitcoin and scenarios for BTC
Bitcoin (BTC), the leader of the crypto money industry, continues its activity in a negative outlook.
When we look at the reaction of BTC in two news feeds, it is striking that the progress is not organic and any result can happen at any moment. BTC, which was at the level of $ 26,000, rose to $ 28,106. However, the negative news flow, which created a bombshell effect, reduced the price of BTC to $ 25,400. The 7% volatility between the two news feeds also opens the curtain for the next news.
If the scenario is good and the news flow is positive, the closest resistance point for BTC is $ 26,000. Breaking this point and ensuring persistence above it may push BTC to the 26,313 region. If it manages to break through the resistances, the $26,600 to $26,800 region will be the take-profit spot for BTC. However, if BTC maintains the positive mood, it could rise as high as $27,500 and try this point.
If the scenario remains negative and the worst scenarios that may come, it can reduce BTC to $ 25,200. If this point is lost, the $23,000 level for BTC comes to the fore. Many analysts also point to $23,000.
