-

It Loses $20k as It Risks Further Decline To $17k

Bitcoin Fails To Hold Above $20k as It Risks Further Decline to $17k – June 29, 2022

On June 26, BTC/USD confronted rejection on the $22,000 resistance zone as it dangers additional decline to $17K. Today, Bitcoin has fallen to the low of $20, 0027 on the time of writing. There is a probability of a worth rebound or a breakdown.

Bitcoin Price Statistics Data:
•Bitcoin worth now – $19,518.20
•Bitcoin market cap – $371,662,087,589
•Bitcoin circulating provide – 19,080,975.00 BTC
•Bitcoin complete provide – $409,291,110,909
•Bitcoin Coinmarketcap rating – # 1

Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $30,000, $25,000, $20,000

Bitcoin has fallen to $19,471 low as it dangers additional decline to $17K. On the upside, if the BTC worth rebounds above the present assist, the bullish momentum is able to breaking the resistance ranges of $21,675 and $23,010. The bullish momentum will lengthen to the excessive of $30,000.On the opposite hand, if the promoting stress persists; Bitcoin will fall and revisit the earlier low of $17,605. It is at degree 31 of the Relative Strength for interval 14. It signifies that the most important cryptocurrency has reached the oversold area of the market.

Microstrategy Acquires An Additional 480 BTC Amid Market Slump

Michael Saylor is the CEO of the Business intelligence agency, MicroStrategy.The enterprise intelligence agency has now amassed 129,699 BTC at a median worth of $30,644. According to CEO Michael Saylor. Microstrategy has accomplished Form 8-Ok submitting with the United States Securities and Exchange Commission (SEC) indicating that it has acquired an extra 480 BTC. The 480 BTC is at a median worth of roughly $20,817 which is totaling virtually $10 million in money. With the present buy, MicroStrategy holds 129,699 BTC, making it the most important company holder of Bitcoin. The complete holdings are valued at roughly $3.98 billion.

It Risks Further Decline To $17k
BTC/USD – Daily Chart

In the meantime, Bitcoin has misplaced the $20,000 psychological worth degree as it dangers additional decline to $17K. It is not clear if Bitcoin will revisit the earlier low at $17,605. In the earlier worth motion, the bulls purchased the dips as Bitcoin traded above the $20,000 assist.

Punt Crypto Casino Banner

Read extra:
• How to purchase cryptocurrency
• How to purchase Bitcoin                

Our Recommended Bitcoin Account

eToro exchange
  • Buy, promote, commerce and retailer BTC on the eToro platform
  • Social buying and selling platform & copy buying and selling
  • CySEC, ASIC & FCA regulated

eToro exchange

68% of retail investor accounts lose cash when buying and selling CFDs with this supplier.

Latest news

Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

On-chain information reveals the Bitcoin funding charges have remained at constructive values lately because the crypto’s value has continued...

Bitcoin Still Very Bearish, Says Peter Schiff

Bitcoin could also be aiming for one more retest of an important worth degree that forestalls the digital gold...

BTG Pactual Launches Bitcoin, Crypto Exchange In Brazil – Bitcoin Magazine

The largest funding financial institution in Latin America simply launched a cryptocurrency change in Brazil.The change will solely help...

Examining Decisions That Lead To Bitcoin – Bitcoin Magazine

This is an opinion editorial by Wilbrrr Wrong, Bitcoin pleb and financial historical past fanatic.Aug. 15 marks the anniversary...
- Advertisement -spot_img

Bitmain, Antpool, Antalpha Offer Bitcoin Mining Industry Lifeline – Bitcoin Magazine

Bitmain and its mining pool are partnering with Antalpha to present monetary assist to the bitcoin mining business. Loans...

Bitcoin Price Gears Up For Another Rally After Testing $25,000

Bitcoin value has been bouncing up and down over the past couple of weeks, however the digital asset has...

Must read

Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

On-chain information reveals the Bitcoin funding charges have remained...

Bitcoin Still Very Bearish, Says Peter Schiff

Bitcoin could also be aiming for one more retest...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you