BTCIn recent days, the price has continued to rise and attracted attention, today BTCWhat about the price level and market conditions?
in the last weeks rise trendcontinuing BTC, as the price 24,000 holding above the dollar level. With the mobility in the crypto money market, BTC, 25,200 tried the dollar level. with a strong resistance level 25,200who tested the dollar twice BTC, is currently withdrawing by being rejected at this price. Rise in the scenario 25,200 dollarWhen the level is exceeded, serious movements can be seen on the crypto markets.
Bitcoin (BTC) Chart Analysis
The leader of the crypto markets BTC,continuing its rise 24,000remains above the dollar level. BTC, acting as strong support and strong resistance in time 25,200 tested the dollar level twice in the past few days. Intense sellers are active 25,200dollar level for now of BTC remains the biggest obstacle to its rise. For BTC in possible bullish scenario 25,000 A permanence above the dollar level can be expected. In case of withdrawals BTCat the price 23,940dollar level and 23,330The dollar level can act as support.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTCWith the wind behind it in the last few days, it is on the doorstep of $25,000. BTCIf the price rises, the price movements on the basis of altcoins became stagnant, as the dominance level increased. of BTC 24,000Seeing its permanence on the dollar, investors have slowly started to switch to altcoins. BTCdominance, percent 43.98 He comes to the level and tests his support. With the downside break of this level, bigger rises can be seen in altcoins. of BTCin the case of dominance, the percentage of dominance 44.30 likely to level. In this case, there may be retracements in the price of altcoins.
Market Value Analysis for Bitcoin
With the rise in cryptocurrency markets BTC, as the recent peak of market value 487 billion dollar tested it. The $487 billion market cap, which worked as a strong support during the downturn of the crypto market, is currently observed as an obstacle to the market cap rise. BTCat the price 25,200 With the dollar level exceeded, recent peaks in market value can be seen. Possible BTCIf the market value declines, 467 billion dollarrecessions may occur. BTCmarket value, 467 billion dollarIf it cannot find enough buyers at 452 billion dollarThe market value may continue to decline.
