The price danger in Bitcoin (BTC) still continues, can BTC, which has settled at the level of $ 22 thousand 300, leave and rise?
Increasing Fud news in the crypto money market, the price of BTC seriousaffected in a sense. 22. 350BTC, which is at the dollar level, to rise again positive to the news may need. crypto investors, BTCWith this fall of ‘s, he is in a panic mood.
Not clearly in the safe zone in terms of price BTCWhat could be the next direction of ?
Bitcoin (BTC) Chart Analysis
on the BTC side 4 hourlyLooking at the chart, in order to continue the uptrends, 23. 000 It can be expected that the dollar level will be exceeded permanently. currently in intermediate position BTCdoes not find enough buyers in the crypto market 21. 500 It may experience pullbacks up to dollar levels. Faced with Fud news for current situation BTChas entered a difficult period.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
Not clearly in the safe zone in terms of price BTC has come to the decision area for the level of dominance. approximately percent 43.60 dominanceresponse from the BTC , watching in the intermediate area for the current situation. Percentage 43. 70On the side of altcoins by exceeding the dominance level falls livable. In order to talk about the possible rise scenario on the altcoins side, BTC dominancepercent of the level 43.10The relaxation process can be followed.
Market Value Analysis for Bitcoin
With the collapse in BTC price, BTCSharp movements were also observed for the market value. 431 billion dollarbacked by market value BTC, 431It is above its market value of billions of dollars. BTCmarket value risein order to continue, BTCmarket value 452 billion dollars can be expected to be exceeded permanently. possible to continue dropin the scenario 417 billion dollarmarket value can act as support.
