Many ongoing problems globally, especially the Israel-Hamas war, Bitcoin ( BTC) also caused its price to decline.
It’s getting hotter lately Israel– Hamas The war shook the money markets. While a decline is observed in almost all markets, this situation BTC It became inevitable on the side. The pioneer of cryptocurrencies, which rose from $ 28,111 to $ 27,269 within hours, experienced a total decrease of 3 percent. In addition to a large-scale danger such as war, the continuation of tightening in monetary policies, BTC How might it affect ? What levels should be considered?
Selling pressure may increase and declines may deepen!
Considering that cryptocurrencies do not like chaos, it will not be surprising if the sell-side transactions in BTC increase. BTC, which managed to find support at $ 27,482 as of yesterday, may face larger declines if it cannot maintain this level. The areas where buyers can play a role in such a situation are 27,151 – 26,276 – 26,034 and 25,325 dollars respectively. With daily closes below $25,325, bears will completely dominate.
The stagnation of the Israel-Hamas war, the decrease in the tightening policy and positive developments regarding crypto may push the BTC price up again. In such a situation, the resistance levels that can be followed are 28,120 – 28,815 and 29,547 dollars respectively. Especially settling above $28,000 is of critical importance for BTC.
