BTC Price Recovers as It Reaches $17K

Bitcoin Survives Above $15.5K as It Reaches $17K – November 15, 2022

BTC/USD has challenged and resumed an upward pattern as it reaches $17K. The greatest cryptocurrency has retested the current assist for the second time at present. Bitcoin is at the moment buying and selling in a constrained vary between ranges $15,500 and $18,150. BTC value is growing proper now and is at the moment at a excessive of $16,899.99.

Bitcoin Price Statistics Data:
•Bitcoin value now – $16,899.99
•Bitcoin market cap – $324,977,488,226
•Bitcoin circulating provide – 19,208,587.00 BTC
•Bitcoin complete provide – $354,899,728,306
•Bitcoin Coinmarketcap rating – # 1

Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $25,000, $20,000, $15,000

Bitcoin (BTC) value is in a damaging pattern as it rises over the extent of latest assist. On November 14, as the crypto value began transferring upward as soon as extra, sellers have been unable to breach the current assist. The $14,100 low has been the goal of two failed makes an attempt by the bears to decrease Bitcoin. The cryptocurrency has reached a peak at present of $16, 899, thanks to purchasers.

Buyers’ final objective is to break via the preliminary resistance at $18,150. This will encourage Bitcoin to improve and retest the $17,605 and $18,210 prior resistance ranges. If consumers are ready to overcome the resistance ranges, the biggest cryptocurrency will rise above the psychological value barrier of $20,000. On the opposite hand, if the present bullish momentum fails to surpass the latest excessive, Bitcoin can be pressured to maintain transferring in a spread between $15,500 and $18,150.

President Bukele of El Salvador Claims That Bitcoin Is “The Reverse” of FTX – It Reaches $17K

Bukele referenced the latest FTX fall to spotlight why Bitcoin is distinct from different currencies, regardless of the criticism he beforehand confronted for purchasing BTC whereas markets fell. The FTX explosion despatched shockwaves throughout the globe and severely broken investor confidence. The Salvadoran President Nayib Bukele and Changpeng “CZ” Zhao, two seasoned cryptocurrency fans, however, proceed to see via the mist whereas advancing their objective of economic freedom. Bukele was the driving power for the widespread adoption of Bitcoin (BTC) in El Salvador.

Bukele referenced the latest FTX fall to spotlight why Bitcoin is distinct from different currencies, regardless of the criticism he beforehand confronted for purchasing BTC whereas markets fell. As President Bukele described the underlying workings of the Bitcoin protocol, “FTX is the reverse of Bitcoin.” A trustless monetary system may be achieved through the use of an immutable peer-to-peer community, as the Bitcoin white paper emphasizes. Sam Bankman-Fried, the CEO of FTX, as nicely as different monetary fraudsters like Bernie Madoff, have been singled out by Bukele, who additionally famous.

Bitcoin (BTC) has regained bullish momentum as it reaches $17K. Bitcoin is gaining. The value of Bitcoin is now restricted between $15,500 and $18,150. Sellers have tried to break the present assist twice however have been unsuccessful. The $18,150 resistance stage should be damaged for Bitcoin to resume its upward pattern.

The Time Is Right to Purchase Dash 2 Trade (D2T)

The indisputable fact that CZ of Binance has beforehand disclosed a plan for the revival of the cryptocurrency sector is one of many explanation why now is the perfect second to buy a D2T coin. Pre-sale funds for Dash 2 Trade have practically reached $6.5 million.

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