BTC is Still Rising in Value
BTC (Bitcoin) is the leading cryptocurrency and it has started rising in value after the heavy losses last week.
BTC is Still Rising in Value. According to the Investing.com analysis, BTC, which fell from the last high level of $ 31,500 at the close of the week, was withdrawn to the support of $ 29,280 in the past minutes.
Experts evaluated that BTC, which has formed a critical bearish pattern at the moment, exhibits movements similar to the bear flag formation.
Although Bitcoin has managed to get a reaction from the lower trend zone of this formation, it is thought that it may continue to decline if it loses the $29 thousand 100 level in the following hours.
On the other hand, BTC, which can try the $32 thousand resistance, which is the level where the bearish pattern intersects with the upper trend zone and the horizontal resistance point, for the last time before falling down, can enter an uptrend if it exceeds $32-33,000.