Asset management firm BlackRock’s Bitcoin ( BTC) With the ETF application, activity was observed in cryptocurrencies.
at last night BlackRock announcing that it has applied for an ETF has become a medicine for the crypto industry. Continuing in a downtrend for several days BTC created fear every minute it stood under $25,000. The downside break of $25,250, a critical support level, increased the signs of weakness in the price. But the news of BlackRock’s ETF application, just in time for the market to turn to the upside, brought BTC from $24,900 to $25,760. BTCWhat does this sudden rise based on the graph show?
Bitcoin (BTC) Chart Evaluation
Priced in a falling trend since $28,200, BTC has set its sights on the trend again with BlackRock’s ETF application. Struggling around $25,000 for two days, BTC managed to get out of this region and over $25,250 with the ETF news. What are the critical levels for BTC, which has found buyers at $ 25,582 as of the writing of the news?
The primary support level to follow in BTC is $ 25,250. A break of $25,250, one of the decision prices, could open the way down to $24,586 and $23,200. If the rising structure continues and the falling trend is broken, a voluminous rise can be seen. The resistance levels that can be followed on behalf of BTC are 26,300 – 26,842 – 27,255 – 28,200 and 28,775 dollars, respectively.
