Bitcoin hovering around $26,500 ( BTC), although it continues its volatile movements, it has its sights set on 27 thousand dollars.
FTXGradually decreasing pressure on the market, BTC It gave him a sigh of relief. Settled above $26,450, an important minor resistance, the cryptocurrency pioneer made several moves to $27,000. However, sell-side transactions that increased around $26,850 did not allow these moves. How is the technical analysis progressing for BTC, which is traded at $26,579 as of the writing of the news?
Bitcoin (BTC) chart analysis
BTC, which found strength just below $ 25,000 and made an upward move, reached $ 26,860 in a short time. However, the fact that this level was close to a decisive area naturally brought selling pressure. BTC, which is currently traded at $26,579, can move towards $27,151 and $27,467 if it remains above $26,820.
FTX triggering a possible crisis. Staying below $26,450 or releasing FUD news into the market will push the BTC price lower. The points that can be seen as support in such a scenario are 26,382 – 26,000 – 25,814 – 25,647 and 25,300 dollars, respectively. Any time spent below $25,300 will pose risks for BTC.
