Bitcoin (BTC) Falls, Testing 13-Month High

Bitcoin (BTC), which reached the highest level of the last 13 months by touching $ 31,500, retreated from this point and lost 5.60 percent.
After easing to $ 30,300, the pioneer of cryptocurrencies, which made an upward attack, went out of breath to $ 31,500. The price of $31,500, the highest value in the last 13 months, faced intense selling pressure. BTC, which retreated from this resistance level, hung below $ 30,000, creating an atmosphere of panic in the crypto ecosystem.
After reaching $ 31,500, BTC, where the selling wave started, retraced more than 5 percent in a short time.
As of the writing of the news, BTC, which has found buyers at $ 30,100, needs to remain above $ 30,300 - 30,785 - 31,480 and $ 32,400, respectively, in order to continue its upward hold.
Continuing weakness in the price structure, events such as the FUD news that could shake the market make BTC more likely to test lower supports.
Important support zones to watch for BTC are $29,974 – $29.500 – $28.280 – $27,413 and $26,260, respectively. The failure of $26,260 to act as support could push the price down to $25,200.
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