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$30,000 Challenge in Bitcoin (BTC)


The 30 thousand dollar level has become critical for Bitcoin (BTC), which has been going around in a short price range since June 21.
BTC, which has been trading in the 5 percent price bracket for more than two weeks, continues its accumulation process. Having tested $30,000 many times in this time frame, Bitcoin (BTC) managed to maintain this value and made its upward move. But considering that the accumulation process is prolonged and every $30,000 test poses a threat, this support value may be becoming very critical.
BTC, which started to price positively after touching $ 29,700, managed to reach $ 30,400. As of the writing of the news, the leader of cryptocurrencies, which are traded at $ 30,206, can set off towards the resistances of 31,500 and 32,400 for the short term, if it maintains above $ 30,735.
However, when the news cycle in the crypto industry is negative or buyers can no longer hold the price, it can start the declines in BTC. In this scenario, the support zones to be followed for BTC are $29,524 – $28.248 – 27.440 – $26.600, respectively. Failure of $26,600 to act as support could bring the price up to $25,200.
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SAVASvip
· 2023-07-08 10:35
thanks
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