Kamile Uray 1
Economist, Halkbank Financial Analysis Expert, Strategic Planning Manager of the Ministry of Commerce, Trader & Investor & Trainer
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#BTC is unable to break above the 82885 peak and is not closing below 78203 on the 4-hour timeframe. It's currently in a hold. Breaks above these levels will provide information about the direction. If it stays below 78203, the decline will continue. As it approaches the 74929 low, there's a possibility of buyers emerging. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level, so buyers may appear in this area. On the upside, we will be watching the resistance levels at 98000, 10900, and 107000. If it reaches the 10900-107000 region, this will be a significant resistance. If it fails to stay above the last peak of 126199, another decline may occur. In downward movements, the 60000 level is important. A daily close below this level would indicate that sellers will gain more strength, and the decline would deepen further, initiating a deep correction.
BTC failed to close above its recent peak of 82885, but it is holding above the 78203 level we are monitoring on the 4-hour timeframe. If it stays below this level, sellers will gain strength and the decline will continue. As it approaches the 74929 low, there is a possibility of buyers emerging. If it fails to recover here, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level. This is an area where buyers may emerge. A renewed rise is possible. In an upward move, we will be watching the 98000-109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it fails to stay above the recent peak of 126199, another decline may occur. In deep declines, the 60000 level is important. A daily close below this level would indicate that sellers will gain further strength, and the decline would deepen, initiating a deep correction.
BTC faced further negative news over the weekend regarding the peace talks. Naturally, the initial reaction was seen in crypto. BTC failed to surpass its recent peak of 82885. Therefore, we are closely monitoring it. If it stays below 78203 in the 4-hour timeframe, sellers will gain strength and the decline will continue. As it approaches the 74929 low, there is a possibility of buyers emerging. If it fails to recover there, the decline will deepen further. The 71-68 thousand region is a Fibonacci support level. The market might think, "It's fallen too much, let's buy." On the upside, we will be watching the 98000-109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it cannot stay above 126199 from here, a decline may occur. A close below the 60000 level indicates that sellers will gain even more strength, and the decline will deepen further, initiating a deep correction.
We are monitoring the BTC 74937 low; as long as it stays above this level, pullbacks shouldn't be a problem. The upward trend is expected to continue. In the upward movement, we will be watching the 98,000-109,000-107,000 resistance levels. The 109,000-107,000 region will be a particularly important resistance. If it fails to stay above 126,199 from this point, a decline may occur. In case of pullbacks, the 71,000-68,000 region on the daily chart could act as support. If the decline continues, the 62,433-60,000 region will be important. A daily close below the 60,000 level would deepen the decline further, initiating a deep correction.
#BTC remaining above the 74937 low keeps the possibility of a continued uptrend alive. The first resistance level in the uptrend is 98000. If it closes above this level, we will be watching the 109-107 thousand resistance levels. The 109-107 thousand region will be a particularly important resistance. If it fails to stay above 126199, a decline may occur. In case of a pullback, the 71-68 thousand region on the daily chart could act as support. If the decline continues, the 62433-60000 region is important. A daily close below 60000 would mean a deeper decline, indicating the start of a deep correction.
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