Bitcoin, which has been traded in the range of 31 thousand 500 – 29 thousand 500 dollars since June 21 ( BTC), broke this area to the downside.
First gaining momentum with the impact of ETF news. BTC had over $30,000 in just a few days. Although FUD news came from time to time in this process, BTC, which received a reaction from the support of $ 29,500, did not show a breakdown. The next Ripple- SEC Positive news about crypto in his case instantly moved BTC to $ 31,800. However, the weakening of the news cycle in the market and increasing sales in cryptocurrencies brought BTC up to $ 28,900.
Bitcoin (BTC) chart analysis
With the breakdown of $ 29,500, BTC, which directly hits $ 28,900, currently finds buyers at $ 29,150. The leading cryptocurrency, which is traded just above the support zone, can decline to $28,039 – $27,467 and $26,800, respectively, if it breaks down $28,900.
Positive news from critical elements such as ETF and Ripple may turn the market’s course up again. In this scenario, the resistance zones to be followed on behalf of BTC are 29,535 – 30,300 – 31,360 and 32,400 dollars. Especially at the resistance of $ 31,360, sell-side transactions can be weighted.
