We will examine the technical view of Bitcoin (BTC), which has shown an upward performance of 5.5% in the last 24-hour period.
Bitcoin, which has been trading in a narrow range for a long time, started to rise yesterday evening at TSI. at $ 20,400 Bitcoin, which came to the resistance quickly, has been trying to break the resistance in this region for about 12 hours.
Bitcoin Technical Analysis / 1-Day Chart
$20,400 Bitcoin, which came hard to the minor resistance at the levels, has exceeded this level and $20,800 rose. However, BTC 20,900 at dollar levels 100 days energetic It has been receiving a response longer than the average.
If it stays above its 100-day moving average, Bitcoin is predicted to rise “more”. bitcoin, 21,850 If it persists above the dollar level, the previous high Up to $25,000 levels may rise.
However, if Bitcoin receives a reaction from these levels, 18,500 It is estimated that the support at the dollar levels is quite “tired” and will seek new bottoms.
- The information contained in the content is definitely not investment advice.
