Bitcoin, which has hardly moved for five days ( BTC), can explode in a short time.
BTC, which started the downward price movement after testing $ 30,250, has not been able to clearly determine its route. As of the writing of the news, the leader of cryptocurrencies, traded at $ 29,429, has been hovering in the same price region for five days. Although it seems short as a day, this value indicates a critical situation. How does the chart continue for BTC, which cannot exceed $ 29,500, and does not stay below $ 29,000?
Bitcoin (BTC) chart analysis
BTC, which was withdrawn from $ 30,250 by being rejected, is now trading between $ 29,500 – $ 29,000. BTC, which has not neglected this area for a few days, can target $ 30,300 – $ 30,800 and $ 31,400, respectively, as long as it holds above $ 29,700. A voluminous break of $31,400, on the other hand, could bring price to a near-time top.
In the event that $29,250 fails to act as support, or a snapshot of FUD news, the price could push the price towards the support points. Support points that can be followed in this process are $28,900 – $28,400 and $28,040, respectively. Not being able to find a buyer at $28,000 will raise $25,000 levels in the medium term.
