#bitcoin (BTC), which has been traded between 31 thousand 500 - 29 thousand 500 dollars since June 21, broke this area downwards.

First gaining momentum with the impact of ETF news, #BTC had jumped over $30,000 in just a few days. Although there were FUD news from time to time during this process, BTC, which received a reaction from the $ 29,500 support, did not show a breakout. The positive news about crypto in the Ripple-SEC case that followed instantly moved BTC to $ 31,800. However, the weakening of the market news cycle and increasing sales in cryptocurrencies brought BTC to $ 28,900.

Bitcoin (BTC) chart analysis

BTC, which shot directly to $28,900 with the breakdown of $29,500, currently finds buyers at $29,150. Trading just above the support zone, if the leading cryptocurrency breaks $28,900, it may decline to $28,039 – 27,467 and $26,800 respectively.

Positive news from critical elements such as ETF and Ripple may turn the market's course upward again. In this scenario, the resistance areas to be followed for BTC are 29,535 – 30,300 – 31,360 and 32,400 dollars. Sell-side transactions may be dominant, especially at the $31,360 resistance.

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