Although it exhibits volatile movements instantly, Bitcoin, which is priced around 29 thousand dollars ( BTC), has not yet charted its course.
Although it varies according to industry-based news, BTC, which has a stable price movement in general, is trying to hold on to $ 29,000. about two days ago MicroStrategy’s BTC, which touched $ 30,000 with the purchase announcement, is now finding buyers at $ 29,200. Which price zones should be considered with the end of the indecision in the market?
Bitcoin (BTC) chart rating
When we consider the BTC chart for the short time frame, it is seen that the accumulation process continues even though there are omissions. Announcing that it was buying in the past days, MicroStrategy pushed BTC to $ 30,000. However, the fact that this region came to a critical resistance increased the selling-side transactions. The pioneer of the industry, which has withdrawn from $ 30,000, is trading at $ 29,201 as of the writing of the news.
Except for a few omissions, the search for direction has not ended in BTC, which has found buyers in the range of $ 29,500 – $ 29,000. The resistance points that can be followed in the upward movements are 29,262 – 29.735 – 30,303 – 30,808 and 31.516 dollars, respectively. In particular, the persistence of over $30,000 will be positive for the market, both psychologically and technically. In the bearish scenario, the support levels are $28,896 – $28,406 – $28,039, respectively.
