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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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After failing to test the minor resistance area, Bitcoin (BTC) has moved towards a lower support point.
BTC, which has not been able to exceed $ 29,700 for days, and has been in the short price range, was rejected from minor resistance. BTC, where sellers took the ropes by failing to exceed $ 29,262, is moving towards $ 28,896. Although the market is calm, the leader of the sector, which is slowly losing value, increases the level of fear among investors.
After failing to test $29,700, BTC retreated to $29,100. If the leader of cryptocurrencies, which has broken an important support level for the moment, cannot break above $ 29,262, this decline may become even more severe. The support points that can be followed on the current chart of BTC are 28,896 - 28,406 - 28,039 and 27,467 dollars, respectively.
The emergence of positive news about the market or the volume exceeding $ 29,700 will strengthen the hand of buyers in BTC. In such a scenario, the resistance points to follow are 29,262 – 29.698 – 30,303 – 30,808 and 31.396 dollars, respectively. In particular, the price structure at $29,500 – $29,700 seems to be decisive for the short term.
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