Bitcoin $95,701.32 (BTC) is traded around 96 thousand dollars with a decrease of 0.98 percent in the last 24 hours. The price reveals that the uncertainty continues by moving between 95 thousand 97 and 96 thousand 581 dollars. The largest crypto currency continues to be affected by macroeconomic factors, regulatory developments and investor sensitivity.
Recent developments affecting the price of bitcoin
Bitcoin is following a horizontal course in the range of 94 thousand to $ 100 thousand in recent weeks. At the beginning of the year, it was difficult to hold at this level even though it exceeded 100 thousand dollars for a short time. The stagnation in the market is based on several important reasons. The first is uncertainty. Governments in the United States and Europe are trying to firmly control the crypto money market. In particular, the uncertainties about Spot Bitcoin ETFs and tax policies push investors to be cautious.
Liquidity and corporate investors Bitcoin priceit affects. Accordingly, the price fluctuations increased as large financial institutions entered the crypto currency market. Approved in many countries, Spot Bitcoin ETFs provided new capital inflows and also increased volatility.
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Security concerns are also suppressing Bitcoin. Lastly, the major hacking incident of $ 1.5 billion on the Bybit stock exchange last week caused uneasiness in the market. Increased concerns about stock market security strengthened short -term sales pressure.
Important support and resistance levels for Bitcoin
According to the technical analysis, Bitcoin faces a strong resistance at $ 100,000. The inability to overcome this threshold causes the price to withdraw. 94 thousand dollars level crypto currencyIt is the critical support zone where it holds for now. The price below this level may lead to a decline of Bitcoin up to $ 90,000.
On the other hand, the price exceeding the $ 100 thousand threshold can re -gain the rise trend. If permanence is provided on this level, a new rally may arise.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
