Bitcoin, which has reached a very critical region in its short-term price structure ( BTC), is checking the pulse for a breakdown.
It has been in a downtrend since $28,570. BTC seems to have reached an important place, especially in the short-term outlook. The fact that there is no situation that could push the price up at the moment is increasing concerns. How is the technical side of BTC currently selling at $26,845?
The support area is protected for now!
BTC, which continued to find buyers in the range of $ 26,613 – $ 26,426, rose to $ 26,845. The leader of the cryptocurrencies, which has not fully overcome the current risky period, may be pushed into a sharp decline when it loses this support zone. In the bearish scenario, the $26,034 level can first be viewed as support. Afterwards, it can be monitored whether buyers will hold the price at $25,325.
Situations such as the decrease of Fuds in the crypto community, the slowing down of geopolitical chaos, or BTC maintaining permanence above $26,613 will feed the price over time. In such a scenario, increases up to 27,151 – 27,482 – 28,120 and 28,815 dollars can be observed, respectively.
