Wednesday, July 30, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bitcoin Worth Struggles At $19,000, Bears To Proceed Dominating?

by SB Crypto Guru News
September 21, 2022
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0


Bitcoin worth plummeted persistently after it breached the $20,000 mark. During the last 24 hours, the Bitcoin has registered little or no motion.

Prior to now week, BTC misplaced near 16% of its worth. BTC rapidly tried to get better from the $19,000 worth mark on its chart.

Nevertheless, the bulls couldn’t defend that worth mark. The closest help line for the Bitcoin worth was $18,000. Bitcoin has been on a constant downtrend over the previous few months.

The technical outlook of the coin pointed in the direction of elevated bearish energy.

Promoting stress continued to exceed shopping for energy on the one-day chart. The $20,000 worth mark will show to be a powerful resistance mark.

$20,000 is the important thing resistance mark for the Bitcoin worth. Elevated shopping for energy could present the coin with some momentary aid.

The worldwide cryptocurrency market cap right now is at $962 billion, with a 0.6% optimistic change within the final 24 hours.

Bitcoin Worth Evaluation: One Day Chart

Bitcoin Price
Bitcoin was priced at $18,800 on the one-day chart | Supply: BTCUSD on TradingView

BTC was buying and selling at $18,800 on the time of writing. Just a few periods earlier than this, Bitcoin was buying and selling above the $19,000 worth mark. The overhead resistance for the coin was at $20,000, which BTC struggled to maneuver previous over the previous few days.

A pointy decline in shopping for energy has triggered BTC to plunge additional and rapidly. If BTC strikes above the $20,000 worth degree, the bearish thesis might be invalidated.

However, decrease demand for the asset may even drag Bitcoin worth to $17,400. A fall under that worth mark may try to deliver the worth of the asset to $14,000.

The quantity of Bitcoin traded within the final buying and selling session declined, signalling that sellers took over on the time of writing.

Technical Evaluation

Bitcoin Price
Bitcoin registered low shopping for energy on the at some point chart | Supply: BTCUSD on TradingView

The autumn in consumers triggered the Bitcoin worth to tumble additional. There was a pointy fall in shopping for energy only a week in the past, and ever since, BTC has continued to depreciate on its chart.

The Relative Energy Index was under the half-line, which meant that sellers had been quite a few as in comparison with consumers.

The Bitcoin worth travelled under the 20-SMA line, displaying a fall in demand. It additionally meant that sellers had been driving the worth momentum out there on the time of writing.

Bitcoin Price
Bitcoin depicted promote sign on the at some point chart | Supply: BTCUSD on TradingView

Different technical indicators pointed in the direction of a bearish worth sign. The Transferring Common Convergence Divergence measures the market momentum and general worth path out there.

The MACD underwent a bearish crossover after which displayed crimson histograms, which had been promote sign for the coin.

However, Chaikin Cash Movement remained optimistic with an uptick above the half-line. The indicator determines the quantity of capital inflows and outflows.

On the time of writing, CMF displayed elevated capital inflows.



Source link

Tags: BearsBitcoinBitcoin NewsContinueCrypto NewsCrypto UpdatesDominatingLatest News on CryptoPriceSB Crypto Guru NewsStruggles
Previous Post

Mining EthereumPoW (ETHW) Crypto after the Merge of Ethereum

Next Post

Bitcoin Worth Caught Under Resistance, Why Bears Might Purpose Extra Losses

Related Posts

Strategy Buys .46B Bitcoin As ETH Firm BTCS Plans B Raise

Strategy Buys $2.46B Bitcoin As ETH Firm BTCS Plans $2B Raise

by SB Crypto Guru News
July 30, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Corporate crypto accumulation continues after Michael Saylor’s...

SEC Delays Truth Social Bitcoin ETF Decision — New Deadline Sparks Crypto Startup Buzz

SEC Delays Truth Social Bitcoin ETF Decision — New Deadline Sparks Crypto Startup Buzz

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The U.S. Securities and Exchange Commission (SEC)...

[LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy?

[LIVE] ETH Price Rises As The Crypto Market Falls — MicroStrategy Keeps Accumulating Bitcoin: Best Crypto To Buy?

by SB Crypto Guru News
July 30, 2025
0

The crypto market is flashing mixed signals, leaving investors wondering what are the best crypto to buy right now. While...

Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

Strategy Leverages IPO Success to Acquire Over 21,000 Bitcoin

by SB Crypto Guru News
July 30, 2025
0

Strategy (MSTR) — recognized as the world’s largest Bitcoin (BTC) treasury company — has made headlines with the successful closing...

Bakkt Launches M Offering to Fund Bitcoin Purchases and Crypto Expansion

Bakkt Launches $75M Offering to Fund Bitcoin Purchases and Crypto Expansion

by SB Crypto Guru News
July 30, 2025
0

A $75 million offering fuels a major leap into bitcoin and digital assets as Bakkt sharpens its focus on treasury...

Load More
Next Post
Bitcoin Worth Caught Under Resistance, Why Bears Might Purpose Extra Losses

Bitcoin Worth Caught Under Resistance, Why Bears Might Purpose Extra Losses

Maple Finance launches 0M lending pool for Bitcoin mining companies

Maple Finance launches $300M lending pool for Bitcoin mining companies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.