After aggressively breaking the 100 EMA resistance last Thursday, Bitcoin tapped a peak near $22.5K, its highest point in July. Not surprisingly, however, the benchmark cryptocurrency could not sustain this bullish resurgence, prompting a correction.
That said, BTC is on a journey to the $21K support, where we could see a bullish resumption or a return to the sub-$20K area. Given its precedent, the Asian market open later today should set the tone for the market in the new week. Nonetheless, a breach below the $20K mark would be a tough challenge for bears as the market tilts towards a bullish continuation.
Meanwhile, my resistance levels are at $22,000, $22,500, and $23,000, and my key support levels are at $21,000, $20,000, and $19,000.
Total Market Capitalization: $941.2 billion
Bitcoin Market Capitalization: $406.2 billion
Bitcoin Dominance: 43.1%
Market Rank: #1
That said, BTC is on a journey to the $21K support, where we could see a bullish resumption or a return to the sub-$20K area. Given its precedent, the Asian market open later today should set the tone for the market in the new week. Nonetheless, a breach below the $20K mark would be a tough challenge for bears as the market tilts towards a bullish continuation.
Meanwhile, my resistance levels are at $22,000, $22,500, and $23,000, and my key support levels are at $21,000, $20,000, and $19,000.
Total Market Capitalization: $941.2 billion
Bitcoin Market Capitalization: $406.2 billion
Bitcoin Dominance: 43.1%
Market Rank: #1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.