Bitcoin (BTC), which has been priced at 30 thousand dollars for nine days, has lost close to 7 percent in a short time, how is the direction of the crypto market?
It has been hovering in the $30,000 range for almost 10 days. BTC After the decrease it showed as of yesterday, it has come out of this range. Momentarily falling from $30,425 to $28,500 BTC lost 6.25%. The price action of BTC, which crypto investors have been eagerly waiting for, has arrived in a way. In a short time, he brought the question of “BTC, which has experienced such a decline, was there any event that triggered the movement?”
But was this price action of BTC, which continues in the uptrend, a trap scenario to scare investors?
Bitcoin (BTC) Chart Analysis
In order to understand the trap movements of the crypto market, first of all, the movements in the short time frame “ permanence ” is one of the main criteria. BTC, which is currently priced above the daily opening price, in order to continue on its way. 29,150 dollar exceed needs. In future price movements, 29,980 dollar resistance is of great importance. In line with exceeding these levels, BTC’s rise trend it can go on strong. But it can happen dropscenario, at the monthly opening price and 28,250 from dollars supportcan be followed carefully.
