BTC, 25 thousand your dollarWhile we were at the door, activity started again in the crypto market, today BTCWhat about the price level and market conditions?
from chinaabout crypto positive newsSpring weather has come to the crypto money markets. BTC continues its pricing with the rise it has experienced in recent days. Crypto markets positive Investors have increased their trade. made crypto- transactionsand the stock markets process volumes increasingly increasing. BTCLooking at the technical analysis on the other hand, it can be said that it is in a critical place.
Bitcoin (BTC) Chart Analysis
Analyzing the 2-hour chart for BTC technical analysis, 25,200 It looks like the dollar level has been tested twice and the hard sell has faced another. If BTC’s b dollar level, which has been voluminous for support/resistance in the previous processes, is exceeded 26,600 An increase may occur up to the dollar levels. In BTC price, 25,200sequential support levels as long as the dollar level is not exceeded, 23,940– 23,480– 22,360Withdrawals can be observed up to the dollar levels.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTCwith the spring mood it created in cryptocurrencies, 25,000It is on the doorstep of the dollar level. BTCif the price goes up dominanceWith the increase in the level of the altcoins, the price movements were calm. of BTC 24,000Seeing its persistence on the dollar, investors began to slowly turn to altcoins. BTCdominance, percent 43.9 It has received a reaction from 9 support levels. Currently, approximately 44.36BTC with dominance, percentage with the next resistance point 44.30If the dominance value starts to move, a price decrease can be observed on the basis of altcoins. Altcoins rises forwhereas, BTC dominancepercent of the level 43.99It can start with relaxation.
Market Value Analysis for Bitcoin
With the rise in crypto markets on positive news from China BTC, as the recent peak of market value 487 billion dollar had tested it. Acting as a strong support during the downturn of the crypto market 487 billion dollarmarket cap works as a barrier level for BTC for now. BTCat the price 25,200 Breaking the dollar level could test for recent peaks in market value. Possible BTCIf the market value declines, 467 billion dollarregression can be observed. BTCmarket value, 467 billion dollarIf it cannot find enough demand at 452 billion dollarIt may decrease to market value.
