The leading cryptocurrency of the crypto industry, Bitcoin ( BTC), Fedstarted to give signs of recovery towards the interest rate decision.
Leading cryptocurrency in the crypto industry having a tough year BTCprice movement started. terracrisis, USA‘s anti-inflation moves, Russiaagenda and finally FTX bankruptcy was a major factor. These factors created painful processes for Bitcoin as well. The problems experienced in the global economy also affected the assets defined as risky investments. BTC price continues to move well far from its high. However, as the pessimistic weather began to dissipate and FedModerate signals from the side indicated a new cycle. bitcoin, Fed It started pricing in a market conditions where . A few days ago 16,000moving in dollar BTC, today 17,300gained momentum towards the dollar.
Bitcoin Provides Upward Hope, Will The Rise Begin?
Leading cryptocurrency Bitcoin ( BTC), the end of the pessimistic mood and Fedgained momentum due to its mobility.
Overall crypto market cap 871 billion moves at dollar levels. in this pool BTC, 333 billion It attracts attention with its market value in dollars. The leading cryptocurrency has been around in the last week. 5 percentexperienced a rise.
on an annual basis 64 percentcontinuing its movement with a decrease of BTC started to show signs of recovery. With the moderate weather in the global economy and the FTX events being left behind, a new era may be entered.
This year bitcoin Although it was painful for him, the maximalists did not give up. However, according to the analysis, Hash Ribbonof the model golden crossfor the first time since BTCnot resulting in any rise in price dead crossit happened.
These days when crypto miners are struggling, BTC It is also on the table that the price forms the bottom zones. However, there are strong resistance zones ahead for the leading cryptocurrency to continue its rise.
of BTCthis rise, 18,000It may move towards the dollar resistance. 17,000dollars and 17,200surpassing the resistances at the dollar levels BTCmanaged to maintain its strength.
BTC pair as close resistance 17,600 started to approach the dollar level. If he manages to break this resistance point, the next resistance he will reach 18,000 dollar level. However, this level does not seem to break easily.
One of the important supporters of the leading cryptocurrency 16,850 dollar level. If this level is broken, 16,500 dollar support can be tested. More sales pressure 16,000 comparable to the dollar level. Although this level is a very strong support point, it should not be forgotten that the market conditions were harsh.
