The stagnation period that has been going on for a while in the cryptocurrency markets ended as of yesterday. #Bitcoin  (#btc ) accelerated its upward move and reached the $30,000 mark again. Cryptocurrency market value increased to 1.19 trillion dollars.

Mobility has increased in Bitcoin before the critical inflation rate to be announced tomorrow in the USA. BTC tested $ 30,200 yesterday but could not remain at these levels. Leading cryptocurrency BTC also tried $29,900 today. BTC is trading at $29,816 as of 14:00.

Stating that volatility in Bitcoin continues at a record low level, analysts stated that the latest data points to an eventual recovery. Analysts emphasized that $ 30,000 is a critical threshold.

US inflation is expected to increase by 0.2 percent monthly and 3.3 percent annually. Inflation data is critical for the Fed's monetary policy. What levels should be paid attention to in Bitcoin? Let's take a look at Bitcoin analysis…

Bitcoin (BTC) technical analysis

Bitcoin (BTC) started the day around $29,816. BTC, which saw its lowest level of $29,746 during the day, rose to its highest level of $29,895.

According to the BTC/USD chart, if BTC continues its upward movement, the first resistance level it will encounter will be $ 30,200. If BTC holds above this level, its journey to $30,800 will begin. If the upward movement continues, $ 31,000 will be watched. The Bitcoin Greed and Fear Index is in the neutral zone with 50 points.

If BTC continues its downward movement, $29,700 appears as the first support level. If the decline continues, movements around $29,400 will be followed. The downward movement will be around $29,000.$BTC $ETH

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