What can we expect for Bitcoin and Solana?
These are active days in the crypto money community. What can we expect on the Bitcoin and Solana in this process?
Bitcoin, which fell by 20% in 3 days with the FTT crisis, declined to $ 17,160 below the lowest level seen on June 18. Despite finding buyers at $ 17,160 and rising above $ 18,000, Bitcoin is priced at $ 17,600 again at noon today. In addition to this pullback in Bitcoin price, the expectation of tomorrow's US inflation data continues to increase the pressure.
Bitcoin is operating at critical support level. If the negative news continues, it can be expected to test the first support at $17,060, then the downside at $15,785. If it fails to hold these levels, testing the big downtrend ($14,130) is also a possibility. In the positive scenario, it is of great importance that daily closes are made with an upward move above the first resistance level at $18,980 and then $19,370.
What can we expect for Bitcoin and Solana?
Solana, which recently announced its partnership with Google, had a good rise, but with the FTT crisis, it became one of the assets that showed a more negative divergence among altcoins. The reason for this was shown as the FTX exchange selling their SOL savings due to cash needs, while Solana experienced a decrease of approximately 50% in 4 days. Unable to hold on to many important support levels, SOL continues to be priced at $17 for now.
If the negative news flows continue, it will be important to hold on to the initial support at $16.85 and then at $12.25. In the positive scenario, it will be important for it to remain above $21.82 and then $26.08 with an upward movement, in order to avoid further sharp pullbacks.
