BTC has been under selling pressure by not exceeding the strong resistance level of $ 25 thousand, what situations await BTC, which comes to the risky zone?
In the past weeks, upward moves have started on the BTC side. Especially Asia sided incoming positive newsBTC on it, which is the critical resistance level 25,250 He tested the dollar many times. This level, which worked as a strong support at the time, is now the most important situation for BTC’s direction decision. 25,000BTC, which faces intense sellers at the dollar level, as of the current situation 23,100has reached the dollar level.
Bitcoin (BTC) Chart Analysis
BTCLooking at the 1-hour chart for technical analysis, 25,000it seems that the dollar level has been tried many times and met with another hard sell. of BTCIn order to talk about the bullish scenario, priorities 23,340Permanence should be observed above the dollar level. BTC, if it manages to hold above this level, 23,600 The decision at the dollar level should be observed. The possible bearish scenario is BTC 23,850if it cannot find enough buyers at the dollar level 22,600There may be a pullback to the dollar levels.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
Coming to the critical stage in terms of price BTC has come to the decision stage for the dominance level. approximately percent 48.30 dominanceresponse from the BTC It is trading below the support level for the current situation. Percentage 44 When the dominance level is exceeded, decreases can be observed on the altcoins side. In order for a possible rise scenario on the basis of altcoins to be experienced, BTC dominancepercent of the level 43.60The relaxation process can be followed.
Market Value Analysis for Bitcoin
With the BTC price returning from the close value peak BTCPullbacks were also observed for the market value. 440 billion dollarbacked by market value BTC, again 448 It has exceeded its market value of billions of dollars. crypto market risein order to continue, BTCmarket value 452 expected to exceed billions of dollars. Possible dropif you are in the scenario 440 billion dollarmarket value can act as support again.
