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The Search for Direction in Bitcoin (BTC) Continues
The battle for 30 thousand dollars continues in Bitcoin (BTC), which has been trading in a short price range for two days, in which direction can BTC move from now on?
The battle for 30 thousand dollars continues in Bitcoin (BTC), which has been trading in a short price range for two days, in which direction can BTC move from now on?
When we look at the short-term time frame, we see a BTC oscillating in the range of $ 29,600 - $ 30,400. What could be the next stop of this price action that splits the crypto investor in two? What does the technical analysis show in BTC, which is confusing because there is no clear time above $ 30,000 and it does not come in a downward breakdown?
Priced in the range of 29,600 – 30,400 for approximately 3 days, BTC needs to maintain over $31,000 in order to maintain its upward momentum. It is possible that the $31.065 level, which was tested twice recently, could act as resistance again. A voluminous overrun of $31,000 may open the way for rises to $32,400.
In a possible pullback scenario in the market, the support levels that can be followed for BTC are 29,250 – 28.775 – 28.200 – 27.200 – 26,818 and 25,250 respectively. In particular, failure to break $25,250 to the downside on the big timeframe will further strengthen BTC's uptrend.
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