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Bitcoin Approaches the Current Support with a Potential Drop to $19.8K – November 3, 2022 On November 2, BTC/USD fell to a low of $20,055, with a potential drop to $19.8K. The $20,400 resistance level has caused the upward reversal to stall. The simple line is that if buyers are unable to get through the initial resistance at $20.400, Bitcoin could experience more declines. Bitcoin Price Statistics Data: •Bitcoin price now – $20,107.68 •Bitcoin market cap – $20,107.68 •Bitcoin circulating supply – 19,197,043.00 BTC •Bitcoin total supply – $423,262,070,763 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price trades above the moving average lines or the $20,000 psychological price level. The rising movement has met resistance below the $20, 400 price level after the recent dip above the $20,055 support. It follows that th...

Bitcoin Holds above $20.4K as It Tries Once More to Cross the $21K Barrier – October 31, 2022 BTC/USD is holding above $20,400 as it tries once more to cross the $21K barrier. The price movement has been stable with the appearance of a small body indecisive candlestick called Doji. Bitcoin is confined between the moving average lines. This explains a possible range-bound move for a few days. Bitcoin Price Statistics Data: •Bitcoin price now – $20,509.87 •Bitcoin market cap – $393,667,721,280 •Bitcoin circulating supply – 19,194,950.00 BTC •Bitcoin total supply – $429,958,739,471 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price is consolidating above the $20,400 support and below the $21,000 resistance zone. On October 26 and 29, buyers were unable to keep the price above the $21,000 high. Each time the resistance zon...

Bitcoin Makes Positive Moves but Is Unable to Rise above $21K – October 29, 2022 BTC/USD revisits the current resistance level but is unable to rise above $21K. On October 26 uptrend, buyers failed to breach the recent high. Today, buyers are still struggling to breach the same high. There is an imminent prospect of a breakout at the recent high. Bitcoin Price Statistics Data: •Bitcoin price now – $20,732.39 •Bitcoin market cap – $397,915,697,467 •Bitcoin circulating supply – 19,192,950.00 BTC •Bitcoin total supply – 19,192,950.00 BTC •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price has been trading in the bullish trend zone since October 25 price rebound. Buyers have retested the recent high twice but are yet to breach the resistance level. On the plus side, Bitcoin will rally above $22,000, if buyers manage to over...

Bitcoin Breaches Initial Resistance as It Recovers Above $20.5k – October 17, 2022 Bitcoin is in the downtrend zone as it recovers above $20.5K. Buyers have the intention of keeping the price above the 50-day line SMA. In the bullish trend zone, prices tend to rise to the previous highs. Today, the BTC price is trading at $19,600.32 at the time of writing. Bitcoin Price Statistics Data: •Bitcoin price now – $19,600.32 .Bitcoin market cap – $375,981,501,952 •Bitcoin circulating supply – 19,182,412.00 BTC •Bitcoin total supply – $411,606,816,754 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000   Since October 17, BTC’s price has been making positive moves as it breaks above the 21-day line . Incidentally, these bullish moves have been ongoing since September 12. On September 12, buyers kept the price above the moving average lines but could...