Bitcoin Price Trims Gains, Why $20K Is The Key To Fresh Increase
Bitcoin is down rapidly below the $22,000 level against the US. Dollar BTC must stay above the $20,000 level.
Bitcoin price is now trading below $21,000 and the 100 hourly simple move average.
There was a bullish trend line with support near $21,810 on the hourly graph of the BTC/USD pair.
Bitcoin price attempted to gain strength above the $22,000 and $22,500 levels. the price even spikes above the $22,750 resistance zone.
the price failed to gain near the $22,768 level there was a bearish wave below the $22,000 and $21,500 levels there was also a move below the $21,000 level.
The $20,500 level is near the 23.6% FIB retracement level of the recent decline from the $22,768 swing to the $19,921 low.
The live Bitcoin price today is $20,371.80 with a 24-hour trading volume of $50,828,338,707.Bitcoin is down 8.83% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $390,122,762,257 a circulating supply of 19,150,137 BTC coins, and a max. supply of 21,000,000 BTC coins.
The global crypto market cap is $1.00T, a 6.19% decrease over the last day. The total crypto market volume over the last 24 hours is $100.70B, which makes a 12.95% increase. The total volume in DeFi is currently $7.48B, 7.43% of the total crypto market 24-hour volume. The volume of all Stablecoins is now $92.98B, which is 92.33% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 38.98%, a decrease of 1.12% over the day.
The next major resistance level of Bitcoin $21,350 level with the 50% FIB retracement level of the recent decline from $22,768 a close above $21,350 the price may be rise towards $22,000.
BTC price statistics Bitcoin price change 24h is $2,011.00, 24h low is $20,062.67 and 24h high is $22,673.82 with 38.94% Market Dominance