Bitcoin, which has risen rapidly with support from BlackRock’s ETF application ( BTC), will it be able to maintain this momentum?
BlackRock’s ETFcrypto money market greening with its application, BTC continues to search for direction. Coming from $24,900 to $26,800, BTC created a remarkable volatility in altcoins. As of the writing of the news, BTC, which is traded at $ 26,400, has not been volatile for a few hours and has been accumulating. How is the BTC chart progressing currently?
Bitcoin (BTC) Chart Evaluation
After the ETF news, BTC, which touched $ 26,800, retreated from here to $ 26,420. Priced at the high end of the support area for now, BTC could test $27,255 – $28,200 and $28,775 respectively as long as it persists above $26,800.
FUD news like the SEC’s escalating tensions with the crypto industry could turn the market down again. Support zones that can be followed on behalf of BTC are $26,153 – $25,257 and $24,586, respectively. If there is no response from $ 25,586, the depth of the decreases in cryptocurrencies may increase.
