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 help, 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 strain persists; Bitcoin will fall and revisit the earlier low of $17,605. It is at stage 31 of the Relative Strength for interval 14. It signifies that the biggest 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 mean worth of $30,644. According to CEO Michael Saylor. Microstrategy has accomplished Form 8-Okay submitting with the United States Securities and Exchange Commission (SEC) indicating that it has acquired a further 480 BTC. The 480 BTC is at a mean worth of roughly $20,817 which is totaling nearly $10 million in money. With the present buy, MicroStrategy holds 129,699 BTC, making it the biggest company holder of Bitcoin. The complete holdings are valued at roughly $3.98 billion.
In the meantime, Bitcoin has misplaced the $20,000 psychological worth stage as it dangers additional decline to $17K. It will not be 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 help.
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