Bitcoin (which is not yet in the net safe zone) BTC) according to technical analysis, in which direction can it draw its new course.
Fud news, which shook the crypto money market in the past days, came. Especially BUSDThe situations experienced by the crypto investor big to worry dropped it. Continuing with the rise in recent weeks BTCFor now, these situations negative affectedis seen.
Not clearly in the safe zone in terms of price BTCWhat could be the next moves of ?
Bitcoin (BTC) Chart Analysis
BTCLooking at the 1 hour time frame for technical analysis, 25,000, which is a condition for great ascensionsIt is observed that the dollar level is tried many times and the sale meets someone else. of BTCIn order to talk about the bullish scenario, first of all, 23,940Permanence should be observed above the dollar level. BTC, if it manages to hold above this level, 24,500 movements at the dollar level can be followed. In a possible decline scenario, BTC, 23,340if it cannot find enough buyers at the dollar level 22,630There may be a decrease in price to dollar levels.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
Not clearly in the safe zone in terms of price BTC has come to the risky area for its dominance level. approximately percent 43.65 dominanceresponse from the BTC , hovering at intermediate levels for the current situation. Percentage 44On the side of altcoins by exceeding the dominance level falls observable. For a possible rise scenario on the altcoins side, BTC dominancepercent of the level 43.60The relaxation process can be followed.
Market Value Analysis for Bitcoin
With the BTC price stagnating, BTCLimited movements were also observed for the market value. 445 billion dollarbacked by market value BTC, again 452It has a market capitalization of billions of dollars. BTCmarket value risein order to continue, BTCmarket value 462 billion dollars can be permanently exceeded. possible to happen dropin the scenario 440 billion dollarmarket value can again act as support.
