Bitcoin, which has decreased by 4% in the last 24-hour period and regressed to $ 19,900, is trading at $ 20,090 at the time of writing.
Bitcoin, which previously worked as support and resistance 19.800-20.000 dollar from the levels It seems to have a reaction.
Bitcoin Technical Analysis
According to the 2-hour chart of Bitcoin, it is at support levels in the short term. The crypto money, which started to decline with a reaction from 0.786 of the Fibonacci correction levels, cannot be mentioned if it cannot break the falling trend shown in purple.
currently $20,000 with 19650 dollars In the event that Bitcoin, which has a strong support between the levels, breaks these levels downwards. 18,000 dollars It seems likely to experience a pullback to levels.
Current resistances are; 20,300, 20,800 and 21,700 are levels. In case of crossing these regions, Bitcoin at $23,000 response is expected. Strongest support right now 18,000 level seen as the strongest resistance 23,000 is dollars.
In addition, according to the Relative Strength Index (RSI) and MACD indicators, there is no sign of a return yet.