After a one-month hiatus, Bitcoin closed in the red again. We have examined the technical view of Bitcoin, which has lost nearly 13% in value last month.
Bitcoin closed the month of August above the $20,000 level. Bitcoin in August 12.9% In this process, while experiencing a decline, Ethereum 3%Binance Coin (BNB) %one lost value. The most depreciating altcoin in August Helium (HNT) with 41.7% rising the most altcoin 58% with an increase Nexo (NEXO) it happened.
Bitcoin, with the decline it experienced last month, 16% rise balanced and last red 4 of 5 months closed. Many analysts and commentators consider the outlook on Bitcoin’s monthly chart to be bearish.
Bitcoin Technical Analysis
Bitcoin, which has not yet fallen into the buyer zone, is hovering between support and resistance. It is thought that Bitcoin, which is located in a region where buyers or sellers cannot dominate, may soon make more drastic moves. 18,900 In the event that bullish movements begin in Bitcoin, which is expected to decline to $ 20,800 and 22,800 dollar is forecasted as resistance zones.
18,900 In case Bitcoin breaks down the dollar levels in a “voluminous and hard” way, 12,000-14,000 up to dollar levels will experience a decline is foreseen.
- The information contained in the content is the editor’s own thoughts. It certainly does not contain investment advice.