Bitcoin, which exploded with the developments on the Ripple side ( BTC), entered the process of accumulating with the cessation of the news flow.
Ripple ‘s clear lead of the SEC case brought a spring mood to the crypto market. More than 30 percent rises were observed in the altcoin market. It even directly affects the news flow. XRPAnd XLM In , this rate was able to increase to 110 percent. However, BTC, which saw selling pressure just above $ 31,500, quickly corrected. How is the chart for the leader of the industry, which has been trading at $ 30,300 for hours?
Bitcoin (BTC) Chart Analysis
Testing the resistance levels thanks to the positive news on Ripple, BTC reached $ 31,800 from $ 30,200. BTC, which started to release just above $ 31,800, created fear in the market by testing below $ 30,000. Currently trading around $30,250, BTC can target $32,400 – $33,380 and $34,000, respectively, when it exceeds $31,400.
The weight of the sales on the BTC side or the FUD news from the industry may continue to push the price down. Support zones to watch for BTC in this scenario are $29,550 – 28,900 – 28,430 – $27,800 and $27,440, respectively. Failure by buyers to protect $27,440 – $27,250 could trigger declines to $25,200.
