Bitcoin, which disturbs the market with its unstable price movements ( BTC), has not yet assigned it to the safe zone.
Continuing in a downtrend since May 10 BTC had broken this structure three days ago. It tested $27,250 after the trend breakout. Sellers’ dominance by failing to maintain these levels has brought BTC back into the downtrend. In BTC, which is currently traded at $ 26,385, sell-side transactions continue to weigh.
Bitcoin (BTC) Chart Analysis
BTC, which broke the trend structure and showed an accelerated rise three days ago, showed that it actually made a fake move. Its loosening back into this structure was an indication that the buyers in BTC were losing their strength. How does the chart progress for BTC, which has lost value since $30,000?
In order to observe the rises on the BTC side, the trend structure must be broken first. Another element as important as the trend structure will be fundamental analysis. In case the news about the sector is positive and the technical analysis progresses upwards, the levels of 26,783 – 27,247 – 28,167 and 29,250 dollars can be followed in BTC, respectively. If the route continues on the downside, decreases to 25,824 and 25,257 dollars are possible.
