Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The fall of the market has continued over the weekend, and all of the top 10 coins have continued their fall.
BTC/USD
Bitcoin (BTC) has broken the vital $20,000 mark, falling by 7% over the last 24 hours.
On the local time frame, Bitcoin (BTC) has formed the support level at $19,047. At the moment, one needs to pay close attention to it as, if buyers again lose the initiative, there are chances to see the drop to the $18,500 area shortly.
On the bigger chart, no one is willing to buy Bitcoin (BTC) currently as the price is trading below the peak of $2,018. In addition, the selling volume is high, confirming bears' pressure. Likewise, daily closure below $19,000 could cause a prerequsite for a further decrease.
From the mid-term point of view, Bitcoin (BTC) is trading below the mirror level at $19,490. If buyers can return the price above it by the end of the week, one can expect a return to the $20,000 area within the next few days.
Bitcoin is trading at $19,115 at press time.
Arman Shirinyan
Godfrey Benjamin
Vladislav Sopov
Dan Burgin