Bitcoin, which has risen over 4% in the last 24-hour period, reached the resistance at $ 21500.
Bitcoin, which has experienced a rapid recovery after the decline in the past days 16% increase performance in 3 days showed. Many analysts and commentators think that the biggest “green” candle by percentage of the last six months appearing on the diary started the bull. Also, some analysts say that this rally received “bearish confirmation” before Bitcoin experienced a final bottom.
Bitcoin Technical Analysis/ 1-Day Chart
Located at $21,550 levels, Bitcoin is hovering in the resistance zone on its daily chart. In case of exceeding these levels in the diary, Bitcoin will again to $ 25,200 levels While it is expected to rise, if it cannot break these levels upwards, 19,500 It is expected to fall to the dollar levels. 19,500 In case the dollar breaks down again, Bitcoin’s new bottom in search of is expected to pass.
Moreover 25,200 If the dollar closes weekly, it can be seen with a serious rise in Bitcoin price. It is thought that the inflation data and interest rate decision, which will be announced this month, will be one of the most important reasons for determining the direction in Bitcoin price.
- The comments in the content are definitely not investment advice.