Bitcoin Price Prediction for Today October 17: BTC Price Attempts to Recover above $20.5k
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...