Bitcoin Technical Analysis: Shows Rebound After FUD News

After retrying the resistance of $ 25211, Bitcoin, the leading cryptocurrency, regressed with the selling pressure it faced and experienced a withdrawal of $ 23020 last night. Especially the recent FUD news circulating in the markets and the BUSD crisis greatly impacted the decline in Bitcoin. Bitcoin, which has found buyers at 23 thousand dollars, started to give hope to investors by throwing it on daily averages again. Bitcoin, which created the day with selling pressure from $ 23492, closed at $ 23141 with a decrease of 1.49% after seeing the lowest level of $ 23020.

Bitcoin Chart Analysis

Bitcoin, which faced purchases after the night’s closing, which started today at $ 23141, is trading at $ 23740 with an increase of 2.59% at the time of writing.

Bitcoin Chart Analysis

Bitcoin, which could not pass the resistance level of $ 25211, fell to $ 23 thousand due to the pullback. After the FUD news circulating in the market, Bitcoin, which had a retreat, encountered a buyer at 23 thousand dollars. Especially when it would break the averages down, it made investors smile when they were faced with such a purchase. For now, Bitcoin, which has jumped on both EMA5 and EMA21, has increased by 2.5% in just a few hours. If the upward movement continues, our first resistance points in Bitcoin are; The falling trendline will be $24100, and our horizontal resistance will be $25211. Our first support points in possible withdrawals; are $23527, which is EMA5, $23411, which is EMA21, and our flat support point will be $22558.

Bitcoin Technical Analysis: Shows Rebound After FUD News

What is the latest situation in Altcoin?

The latest situation in some altcoins;

  • Ethereum: up 3.28% at $1656,
  • Solano: up 4.02% at $22.77,
  • Avax: up 3.80% at $17.74,
  • Ripple: up 1.53% at $0.3816,
  • BNB: It is trading at $304.3, up 0.96% at the time of writing.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

You may be interested in: CashApp Reports $7.1 Billion Worth Of Bitcoin Purchases In 12 Months

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