Bitcoin MARKET UPDATE
Bitcoin support levels - $20,000 $19,800 and $19,200 strong Support
Bitcoin resistance - $20,800 and $21,000 strong resistance
Trade with risk management accordingly to this bitcoin updated because market depends upon Bitcoin movement.
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Analysis:
BTC daily candle closing was red at $20,151.
BTC Support is at $20,000 and Resistance is at $20,500. BTC experienced high volatility during Federal Funds Rate decision and FOMC press conference. BTC price pumped and tried to break $20,800 resistance following 75 BPS interest rate hike decision but as soon as market got confirmation of no positive statement of lower interest rate hikes in future during FOMC press conference, BTC dropped towards $20,000 support level.
Looking at 4 hour chart,200 EMA support is at $19,800-900.
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.00T, a 1.72% decrease over the last day.
The total crypto market volume over the last 24 hours is $100.87B, which makes a 34.74% increase. The total volume in DeFi is currently $4.31B, 4.27% of the total crypto market 24-hour volume. The volume of all stable coins is now $91.67B, which is 90.88% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 38.81%, an increase of 0.13% over the day.
Bitcoin support levels - $20,000 $19,800 and $19,200 strong Support
Bitcoin resistance - $20,800 and $21,000 strong resistance
Trade with risk management accordingly to this bitcoin updated because market depends upon Bitcoin movement.
———————————————————————
Analysis:
BTC daily candle closing was red at $20,151.
BTC Support is at $20,000 and Resistance is at $20,500. BTC experienced high volatility during Federal Funds Rate decision and FOMC press conference. BTC price pumped and tried to break $20,800 resistance following 75 BPS interest rate hike decision but as soon as market got confirmation of no positive statement of lower interest rate hikes in future during FOMC press conference, BTC dropped towards $20,000 support level.
Looking at 4 hour chart,200 EMA support is at $19,800-900.
Today's Cryptocurrency Prices by Market Cap
The global crypto market cap is $1.00T, a 1.72% decrease over the last day.
The total crypto market volume over the last 24 hours is $100.87B, which makes a 34.74% increase. The total volume in DeFi is currently $4.31B, 4.27% of the total crypto market 24-hour volume. The volume of all stable coins is now $91.67B, which is 90.88% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 38.81%, an increase of 0.13% over the day.