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Bitcoin Technical Analysis: The War Is Not Over

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For several days, the fluctuating course of the leading cryptocurrency Bitcoin has caused many people holding short positions to be liquidated. Although Bitcoin, which increased by 9.57% three days ago, retraced 3.31% two days ago and created a shock wave, yesterday it increased by 4.47% and rose again to the resistance zone of $ 25000. BTC, which started the day at the $ 23517 level, closed at $ 24569 with sales after testing the highest value of the day, $ 25021.

At the time of writing, Bitcoin is trading at $ 24481 with a decrease of 0.36%.

Bitcoin Technical Analysis: The War Is Not Over
Bitcoin Technical Analysis: The War Is Not Over 10

Bitcoin Chart Analysis

Although Bitcoin, which rose to its peak value in August 2022 with the purchases in a few days, seems to have withdrawn a little with the sales from this region, the “Bulls” have started to make their presence felt slow. The volatility in the last few days shows that the battle between “Bears” and “Bulls” in Bitcoin is heating up. While 25211 continues to appear as the most significant resistance in front of Bitcoin, the falling trendline $ 24150 and EMA5 $ 23858 can be followed as our daily support points.

What is the latest situation in Altcoin?

Yesterday’s purchases in BTC had a positive effect on altcoins. The latest situation in some altcoins;

  • Ethereum: down 0.24% at $1690,
  • Solano: up 0.13% at $23.17,
  • Avax: up 0.51% at $19.55,
  • Ripple: down 0.17% at $0.3939,
  • BNB: It is trading at $316.5, up 1.16% 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 might want to read this, too: Avax Technical Analysis: Hard Exam In 200-Day Average

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