The world’s largest cryptocurrency, which has been experiencing sharp drops for a long time Bitcoin (BTC) It started to recover in July.
BTC With the bullish momentum it gained, it climbed to a local top of $24,600. However, Bitcoin, which could not hold here, fell to the price levels of $ 23,000.
Investors and the market continued their sideways movements at the $23,000 level. bitcoinArcane Research said that this upward trend in BTC could continue in the coming days.
Arcane Research In a recent report published by Bitcoin, experts stated that last week’s low of $20,700 in Bitcoin is the vital price level to watch right now.
Arcane experts, bitcoinHe thinks that if the price drops below this price level, it could signal more bearish.
“Bitcoin price is at an interesting level right now. $23,000 acted as a resistance level in mid-June and two weeks ago.
However, this level could be a major support level for BTC this week.
Because if BTC can maintain the current $23,000 level, Bitcoin could rise above $24,000 again.
This will help Bitcoin rise to $27,000-28,000.”
Arcane Research, which said that Bitcoin got rid of heavy selling pressures last month, BTC He said it was the worst month in his history.