Cryptocurrency Leader Bitcoin (BTC) What Will Make it Rise Again

The leading coin of the crypto market, Bitcoin (BTC), is moving in a way that forces the rise again after the sharp declines it has experienced. Bitcoin, which managed to break out of the critical resistance level of $21 thousand, continues its movements at critical levels.

No matter how much the cryptocurrency giant Bitcoin (BTC) shows an upward trend, these rises are blocked by being suppressed by the bear market. The bulls, who still cannot take control of the sector, continue to be suppressed by the bear market.

“Markets that experience sustained and/or significant growth are called bull markets. Markets with continuous and/or significant decreases are called bear markets. Both have their own unique opportunities and dangers.”

Many analysts trading in the cryptocurrency market predict that the market will relax without a new collapse. It is believed that Bitcoin, the leader of cryptocurrencies, which recorded sharp decreases from the level of 48 thousand dollars, is likely to rise to the level of 30 thousand dollars. It is among the statements that this relaxation in the markets will be possible when BTC breaks the $21,700 resistance. Some Scenarios Forecast What Bitcoin May Bring In The Future; Bitcoin, which moves between the $21,700 - $19,700 level, may experience a breakdown as of today. If BTC breaks the $21,700 resistance, it could hit the $25,000 and $30,000 levels. Thus, the cryptocurrency market transitions to the recovery process after a long period of time will be realized. If the $19,700 support is lost, BTC, which is expected to regress to the last low level of $17,800 in the first place, may decrease to the range of $16 thousand – $15 thousand if it loses this support level.     Source: Kriptopiyasasi.com