First Critical Level in the Rise of Bitcoin is $ 42k

Bitcoin, which reached above the level of 40 thousand dollars yesterday, has dropped to 37 thousand dollars today.

The first critical level in the rise of Bitcoin is $ 42k. Bitcoin, which rose above the level of 40 thousand dollars in yesterday's transactions, has declined to 37 thousand dollars today. The largest cryptocurrency in terms of market value is trading at $ 39,54 as of 12:08 pm. The chart in Bitcoin is much more important as other cryptocurrencies track price movements in BTC. The critical point for the start of the uptrend in BTC is at the level of $ 45,000.

Bitcoin: BTC / USDT

On our chart, which continues to move between support and resistance at the beginning of the week, a daily candlestick close above the $ 44,950 level should definitely be reached for the uptrend to start. The support level we will follow in losses should be at 33.311 and the level of 28.850 is determined as the main support. If the daily candle closes below this level, the downtrend in the long term will be approved. However, a decrease to the level of $ 20,000 may be possible.