What’s going on with Bitcoin (BTC), which is approaching the end of its accumulative process?
Those who have been traveling in a certain price range for the last 2 days BTC’ time is getting less and less. In particular, the short range of price movements at $ 26,900 divided crypto investors into two. Some of the investors argue that BTC paves the way for sharp rises, while another part argues that BTC will test lower prices. The fact that the price has accumulated so much has brought stability on the chart.
Bitcoin (BTC) Chart Analysis
BTC has not yet had a clear price structure. BTC, which has gained an upward momentum from $ 25,870, has been continuing its volatile movements since it could not exceed $ 27,600. BTC is currently trading at $ 26,910. The continuation of the nervous wait on the BTC side could bring the price down to $25,876 and $25,257, respectively.
BTC, which is currently priced at the support of $ 26,600, can make more voluminous increases in the process when it can rise above $ 28,200. In order to create bullish expectations in BTC, the pressure of regulators such as the FED and SEC and the impact of the news flow are critical. If positive conditions are met, BTC can be expected to contact the 28.200 – 28.775 – 29.250 and 30.000 dollars resistances, respectively.
