Bitcoin Price Analysis: BTC Recovers to $20K, Was Local Bottom Confirmed?

Bitcoin's price is currently testing the 2017 all-time high range between $17K and $20K and is constantly shadowing lower prices, indicating excess pressure from sellers. Yesterday BTC recorded a new 18-month low of $17.6K and quickly recovered to $20K in the following hours.

Timeline of Bitcoin

It's been a week of polarizing opinion in crypto news. Whether it's cryptocurrency fund managers predicting $100K bitcoin by the end of the year, Peter Schiff saying things “will only get worse as the recession deepens,” or Bill Gates slamming crypto and NFTs, citing the Greater Fool Theory, there's been no shortage of spicy debate

Binance has brought around 101,266 bitcoins while the price of Bitcoin is hitting its low, this morning. The price of the world's largest cryptocurrency slumped down to its lowest price of the year.

Ethereum collapsed under $900 and Bitcoin fell below the $18,000 price point, continuing the bleed on the markets with the sell-off intensifying so let's have a closer look at our latest altcoin news. On Saturday morning, Bitcoin fell below the $20,000 price point and an hour later Ethereum collapsed under $900.

Gemini crypto exchange co-founder, Cameron Winklevoss, believes Bitcoin below $20k seems irrational. Mr. Winklevoss also pointed out that Bitcoin's underlying fundamentals, adoption, and infrastructure remain strong.

Some of the largest holders of Bitcoin in the world moved billions of dollars worth of BTC in a flurry shortly before the flagship cryptocurrency broke below the $20,000 mark. On-chain crypto tracking service Whale Alert flagged a series of remarkably large BTC transactions early this weekend. In particular, WhaleAlert spotted five transactions all done The post Crypto Whales Suddenly Move Nearly $2,000,000,000 in Bitcoin As BTC Breaks $20,000 Level: On-Chain Data appeared first on The Daily Hodl.

The crypto-markets continue to slide lower than usual as Bitcoin [BTC] tumbled to a new low on 19 June. Moreover, the king coin breached a prior cycle's all-time high for the first time in its history after dropping below $18k.

Bitcoin miners are an important yet often overlooked section of the cryptocurrency community. While people like Michael Saylor or Jack Dorsey grab the headlines, Bitcoin miners are in the background, securing a network that processes billions of dollars in value annually. As mining plays a key role in Bitcoin, it is important to have an

The market developments come amid multiple crises in the crypto space. The post Bitcoin continues to fall, drops below $19,000 as crypto market tumult continues appeared first on The Block.

Bloomberg's closely followed commodities analyst Mike McGlone says that the $20,000 range for Bitcoin may act as the new price floor, similar to $5,000 in years past. The analyst says that the flagship cryptocurrency is now approaching historically “too-cold” price levels, based on a series of moving averages. “$20,000 Bitcoin may be the new $5,000 The post Top Bloomberg Analyst Says $20,000 Bitcoin May Be the New $5,000 – Here's Why appeared first on The Daily Hodl.

Bitcoin and Ethereum fell further as investors continued to pull out of cryptocurrency and plough money into less volatile and more secure sectors. The leading digital currency slipped 1.6% to US$29,925 as it languished around a key support level, with its closest rival by market value, Ethereum, following suit by declining 1.7% to US$2,040.