Bitcoin(BTC) has hit a new lifeline after recently falling and testing support at $25000. Despite the market being in a state of turmoil due to a lack of high liquidity, this hit on the main support level challenged investors' 'wait-and-see attitude, causing prices to rise above $26400, forcing some to shift towards the largest cryptocurrency
Bitcoin(BTC) has hit a new lifeline after recently falling and testing support at $25000. Despite the market being in a state of turmoil due to a lack of high liquidity, this hit on the main support level challenged investors' 'wait-and-see attitude, causing prices to rise above $26400, forcing some to shift towards the largest cryptocurrency. So, what is the next step for BTC? Will the upward trend continue?
Bitcoin 28,000
Bitcoin25000926400
BitcoinBitcoin 24 25,904 25,844 50 (EMA)position. In the short term, maintaining prices at this support level will play an important role in considering the recovery of bullish upward trends.
Especially inConvergence bifurcation of moving averagesMACD 28,000 MACDBitcoin
BitcoinBitcoinRektCapitalBitcoin25,000 22,000
Bitcoin 26,000 28,000 30,000 25,400 22,000
Liquidity remains an issue
Since the outbreak of the FTX cryptocurrency exchange and its overall decline, the cryptocurrency market hasLiquidity remains a major issue. According to the on chain analysis platformGlassnode'sData, both on chain and off chain transaction volumes have fallen to historical lows.
DeFi
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