With Bitcoin exceeding $ 25 thousand, sharp movements were seen in the crypto money market. How is the BTC price and market conditions today?
As of yesterday, there were active hours on the BTC side. BTC, which rose above the $25,000 level again months later, once again attracted the attention of the economy markets. BTC, which started to rise after the US inflation data and the FED interest rate decision, managed to rise above the $25,000 level after a long time.
Bitcoin (BTC) Chart Analysis
With the activity in the crypto market, BTC yesterday, 25,000 exceeded the dollar level. BTC, which has worked as strong support and strong resistance in the past 25,200 faced selling pressure from the dollar level. With the selling pressure from investors, the price has been pulled to the level of $ 23,640. re for BTC price 25,200testing the dollar level 23,940 It can start with staying above the dollar level. Possible drop in the scenarioif your price 22,100It can be seen that it has fallen to the dollar level.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
With the sharp rise it experienced yesterday, BTC has taken over the dominance of the crypto market. Price with activity experienced by BTC 25,200 had seen dollar levels. BTC as price rises dominanceIt broke the resistances at the level and drew the money flow on itself. in Dominanspercent working as resistance 44.65 BTC dominance may increase gradually when the level is exceeded. To observe rises in altcoins, the percentage of BTC dominance level 43.60levels may be required.
Market Value Analysis for Bitcoin
BTC, with the highest market value of recent times 481 It tested billions of dollars as of yesterday. Months later 25,000rising dollar BTC, as market value 487.2 withdrawn from billions of dollars. currently 458billion dollar market value BTCfor the rise in market value 467.1 It may need to be worth billions of dollars. In a possible decline scenario, 447.54billion dollar market value may need to be maintained.
