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Bitcoin Challenges Significant Resistance! New Highs Beginning in BTC?
Can Bitcoin stay above $29,500?
The leading cryptocurrency Bitcoin (BTC) fell to $ 28,850 on the first day of this week. At the time of writing, Bitcoin is trading at $29,510 as of 12:45 pm. The fact that BTC is pushing the important resistance point gives hope to investors.
As of yesterday evening, the US Federal Reserve (FED) announced its decision to increase interest rates. As of now, it is seen that the closest FED meeting is on September 20. This 2-month period can positively affect Bitcoin and altcoins.
Continuing to push the $ 29,500 level again in the last hours, BTC can make much more serious jumps if it closes above $ 29,500 in the coming hours.
There Is No Reason For Bitcoin (BTC) To Fall!
As of now, the fact that the leading cryptocurrency Bitcoin (BTC) starts to close above $ 29,500 will allow the technical picture to turn bullish again.
After 1 month of accumulation, BTC, which hangs below $ 29,500 for a short time, can target $ 32 thousand if it regains $ 29,500.
When we look at the fundamental analysis as well as the technical table, it is seen that there is no development that can bring a decrease. The fact that the developments of the American Federal Reserve (FED) were left behind, made the burden on BTC disappear.
In the light of these indicators, BTC, which is expected to experience significant jumps in the coming period, may succeed in satisfying its investors.
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