Bitcoin price dropped as low as $35,800 yesterday. It then entered an uptrend in the last 24 hours and broke above the $38,000 level. Bitcoin is trading at $ 38,081 at the time of publication.

In Bitcoin, which has a falling trend with 3 contacts on the daily, it still seems too early to say that it is actually starting to bull again. It seems very likely that Bitcoin will make a test in this falling trend in the coming days. If it is tried momentarily, the falling trend, which regresses to $ 40,000, has to break this trend level and the horizontal major resistance. With the breaking of these levels, Bitcoin, which is not expected to fall below the $ 40,000 level again, can start a nice bull season.

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Bitcoin, which can start to fall sharply if it is rejected from the falling trend of $ 40,000 and the major resistance level at $ 40,500, may not be able to hold the support of $ 33,000, which is the bottom level of Bitcoin in the past days. It seems that Bitcoin, which is expected to make a sharp downward move as it will be rejected from very hard resistance levels, may decline to the $28,000 – $30,000 major support area.

Ethereum

The leading altcoin Ethereum also moved up 7 percent from the $2,300 level, with an upward movement like Bitcoin. Ethereum, which started a bullish wave, has risen 7% in the last 24 hours, surpassing Bitcoin's performance. ETH is trading at $ 2,597 at the time of publication.

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The Sandbox, Avalanche and Near

Metaverse project The Sandbox is up 15% in the last 24 hours. It is obvious that the metaverse disclosures of technology giants such as Apple also contributed to the rise of The Sandbox, which is one of the most rising assets in the top 50. The SAND price is trading at $3.78 at the time of publication.

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The prominent smart contract platform Avalanche, on the other hand, was one of the top 50 movers with an increase of approximately 12%. AVAX, which managed to reclaim the $ 70 level, is trading at $ 71.34 as of the time of publication.

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Near Protocol, which is undoubtedly one of the most talked about recent times, was also one of the ones that started a good recovery wave. NEAR, which has experienced a downward movement of about 45% from its peak in the recent sharp decline and regressed to $ 9, is trading at $11.22 at the time of publication.

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