Why Bitcoin Bulls Might Be Ready To Breach $20,000 Into The Monthly Close


Stuck right below its 2017 all-time high, Bitcoin is moving sideways with low volatility over the past few days. The crypto market is preparing to close another monthly candle in the coming days.

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Timeline of Bitcoin

Bitcoin Above $19K Level Despite US Dollar Index Reaching Highest Level in Over 20 Years - CryptoGlobe

On Monday (September 26), the Bitcoin price is somehow managing to stay above the $19,000 level and in the green (i.e. up on the day) despite the intense pressure on risk-on assets such as crypto and stocks with the U.S. Dollar Index (DXY) at a 20-year high.

Analysts Think Bitcoin Is Going to Fall Even More - LiveBitcoinNews

Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation.

Bitcoin Price Clings to Near Term Support Despite Latest Dollar Index Surge - Cryptonews

The US dollar experienced a substantial increase over the weekend. Since the dollar usually trades inversely proportional to Bitcoin, analysts predicted that the Bitcoin price should have declined over the weekend. However, Bitcoin appears to be holding steady.


DBS's new crypto trading service allows clients to trade in Bitcoin, Ether, and XRP - Tokenpost

DBS, the largest bank in Southeast Asia, is making it easier for clients to access Bitcoin (BTC), Ether (ETH), and XRP. The bank has launched self-directed crypto trading via its app giving its qualified customers access to the banks digital asset exchange and trade in popular cryptocurrencies.

Research: How low can Bitcoin price go? - CryptoSlate

Flagship digital asset Bitcoin (BTC) has had a rough year, falling 72% from its all-time high and losing more than 50% of its value this year alone. The post Research: How low can Bitcoin price go?

Bitcoin Price Analysis: BTC Finds Minor Bid - 27 September 2022 - Crypto Daily

BTC/USD Finds a Bid:  Sally Ho's Technical Analysis – 27 September 2022   Bitcoin (BTC/USD) worked to extend some upside momentum early in the Asian session as the pair was lifted from the 18681.02 area following additional selling pressure that emerged around the 18949.61 level.   Technical sentiment remains quite bearish after BTC/USD's latest attempt to reclaim the psychologically-important 20000 figure was thwarted around the 19949.97 area last week.

BTC Consolidates for Days, Is Huge Move Incoming? (Bitcoin Price Analysis) - CryptoPotato

Aside from the weekly candle, which ended in the red, Bitcoin made no substantial move and still hovering around the $19K range. Technical Analysis By Grizzly The Daily Chart On the daily chart, Bitcoin is currently trading on top of the support zone between $18K to $18.5K (in yellow).

Bitcoin [BTC] traders, before you become exit liquidity, read this - AMBCrypto

Holders of the largest cryptocurrency, Bitcoin [BTC], might have a cause to be joyous in the coming days, blockchain analytics platform, Santiment, recently found. According to it, the just concluded trading session last weekend was marked by a surge in interest in BTC on multiple social platforms.

Bitcoin Price Relief Rally In This Making? BTC Could Target $26,000 - NewsBTC

The Bitcoin price continues to trade in a tight range between the mid area around $18,000 and $19,500. The cryptocurrency has been moving sideways after a rejection from the $20,000 level which has led to a spike in fear and uncertainty across the nascent sector.

Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn - The Block

Four months on from its SEC rejection, GBTC's discount to NAV hit a new all-time low amid crypto market tumult. The post Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn appeared first on The Block.