Can bulls hold the price of BTC above $20,000 in the short-term point of view? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
On the bigger chart, Bitcoin has bounced off the $22,000 mark. The drop led to the test of the $20,800 zone, which was the peak of 2018.
Currently, one needs to pay close attention to the $21,864 level as, if the pressure continues, one can expect the fall below the psychological $20,000 mark.From the mid-term point of view, the week has started with the sharp drop. The fall may continue if bulls lose the $22,000 mark; however, if the rate comes back to $23,000, the correction might lead to the test of the $24,000-$25,000 zone until the end of the month.
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