Bitcoin returned to the bears at the Asian open on Sunday, falling from the $22K top to the sub-$20K mark as macroeconomic and geopolitical developments weighed on risky assets. The benchmark cryptocurrency now clings at the $20K base as it fights to stall further bearish clearance to the $19K - $18K zone.
While July is hoped to be a bullish month for the cryptocurrency, BTC bulls have shown no commitment to putting a healthy distance from the bottom for the primary cryptocurrency. That said, we could record more downsides over the coming days to $19K.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $886.2 billion
Bitcoin Market Capitalization: $380.3 billion
Bitcoin Dominance: 42.9%
Market Rank: #1
While July is hoped to be a bullish month for the cryptocurrency, BTC bulls have shown no commitment to putting a healthy distance from the bottom for the primary cryptocurrency. That said, we could record more downsides over the coming days to $19K.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $886.2 billion
Bitcoin Market Capitalization: $380.3 billion
Bitcoin Dominance: 42.9%
Market Rank: #1