Bitcoin and Solana weekly analysis
Here is a weekly analysis for Bitcoin and Solana.
Bitcoin tested the critical resistance level of $25,250 with rapid rises. However, Bitcoin, which could not break the resistance, is priced at $ 23,700 this morning with a pullback of around 8%.
Bitcoin, which was in the channel where it was active before, seems to have tested the middle band of the channel twice and got rejected when the four-hour chart is examined. On an upward move, the mid-band level of $23,950 can be tested again. If this level is broken, the upper band of the channel can operate as the next resistance level at $24,680. In the continuation of the downward movement, the first support level is $ 23,160. If it fails to hold this level, a pullback can be seen to the $22,320 levels.
Bitcoin and Solana weekly analysis
Solana started the day up around 2% and is priced around $22.64. Pricing above the 50-day moving average and above an important resistance supports the positive outlook. In the continuation of the upward movement, the first resistance level appears as $24.20. Above this level, the 200-day moving average of $25.24 and then $25.85 can be met as the critical resistance level. On the downside, $22.34 and then $21.82 can be expected to act as support. If it fails to hold on to these levels, a pullback to $20.41 can be seen.
