ETFissues coming to the fore again, Bitcoin ( BTC) supported the upward trend and added a positive atmosphere to the market.
SEC‘of ETF With the postponement of the processes, the question of a possible approval came to mind again and added strength to cryptocurrencies, especially BTC. Tried the $26,034 support several times BTC With the impact of these news, it dropped to $ 27,300. The leader of the cryptocurrencies, which increased by nearly 5 percent in total, still maintains a safe area, although it has retreated relatively. What is the latest situation on the BTC chart? Which levels should be considered?
Bitcoin (BTC) technical analysis
ETF news was like a cure for BTC, which recently tested $ 25,000 and caused concern in the market and crypto investors. The pioneer of cryptocurrencies, which accumulated for a few days at $ 26,000, reached $ 27,300 after the fundamental analysis gained strength. The selling pressure, which naturally increased as minor resistance was approached, pulled the price down to $26,950.
If BTC, which is traded at $26,957 as of the writing of the news, adopts $26,800 as its support, the levels it can target will be $27,151 – 27,466 – 28,120 and $28,815, respectively. After a volume breakout of $28,815, the $30,000 levels could be retested. In case of a market reversal, it is of great importance not to lose $26,800. The support levels that can be followed afterwards are 26,400 – 26,034 – 25,638 – 25,300 and 25,009 dollars respectively.
