Coinbry

  • Market Cap: $2,474,019,420,195.45
  • 24h Vol: $121,930,592,509.02
  • BTC Dominance: 52.14%
Analyst asserts ‘nothing has changed’ as Bitcoin chart highlights $24.7K

Analyst asserts ‘nothing has changed’ as Bitcoin chart highlights $24.7K

Bitcoin remained stable below $26,000 during the weekly close, indicating a lack of direction in the market. Traders are closely monitoring the $25,900 level, as a close below this could lead to a further decline towards $24,300. On the other hand, a bullish revival and a reclaim of $26,000 are considered less likely. The recent volatility in the market, caused by events involving Grayscale and US regulators, has not fundamentally changed the Bitcoin market structure. There is a support zone at $24,750 that traders are watching, as a failure to hold this level could result in a bearish scenario.

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