The crypto money market especially revived with the leading cryptocurrency Bitcoin (BTC) approaching the $ 63,000 level. of bitcoin While Ethereum is watching this rise, which is very close to $ 4,000, it is seen that other altcoins have not yet achieved the rise they expected. Despite this, especially ISLAND and BNB important points come to the fore. In this analysis, we will consider these coins superficially…
Short Term Drop in BTC
When we look at Bitcoin, it is seen that large sales orders are entered, especially at $ 64,000 – $ 65,000. While previous highs are usually retested, selling at these levels is highly probable and has been seen a lot before. For this reason, there may be withdrawals in BTC in case of an increase in the range of 64,000 – 65,000.
In order for the BTC price to continue on its way, it must be above $ 64,000 and the daily close must be made above this level. The chart, on the other hand, points to $64,000 in the current situation, then a temporary decrease.
For this reason, the worst-case scenario should always be considered. The most important support point is currently 58,000 dollars.
What’s the Situation in Cardano?
Cardano did not see a significant rise after the Alonzo hard fork and remains in the accumulation zone. While $1.90 is an important support for ADA price, a daily close above $2.30 means the consolidation is over.
ADA is currently stuck in the $2.20-$2.30 region and $2.80 could be tested if consolidation ends.
Especially 2.43 levels are very important. If this resistance is broken, the price may rise to 2.80 levels quickly.
The logical level to stop is below 1.90.
BNB Starts Week Fast
Binance Coin has definitely started the week well with news from the leading exchange. For BNB, which is traded at $ 469, the levels of $ 513 are very critical. A break above this level can bring acceleration up to 590 dollars.
Still
In case things go wrong and there is a decline, it may make sense to stop below $380.
*Not investment advice.