Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level

Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level

Fear has gripped investors and traders alike in light of the recent adverse market action. Bitcoin, the most well-known cryptocurrency, has suffered the highest levels of selling pressure since the crisis in June and July. With a high of $22,400 on September 13 and a low of $18,790 today, Bitcoin has fallen by nearly 8%. The price has dropped by a stunning 13.31 percent. This, too, can be explained by the unfavorable economic developments in the United States, as have the recent price fluctuations. As of this writing, the latest sell-off has not lost any of its steam. Price information....


Related News

Pundit Reveals Catalysts That Will Drive Dogecoin Price 150% To $0.55

After the market crash, the Dogecoin price suffered a decline to $0.2, which presented as a perfect opportunity for whales to get back in action. With the momentum rising for the meme coin, there are a number of factors that have been presented that suggest the price could more than double soon. Pseudonymous crypto analyst ProjectSyndicate highlights these catalysts in an analysis, showing what will drive the Dogecoin price to new yearly peaks. But First, A Retest Of The Reload Zone? Just like other digital assets in the space, Dogecoin features a low reload zone with lots of support that....

Ethereum (ETH) Clears $600, Making A Retest Of All-Time Highs Imminent

Ethereum has exploded with the same momentum that Bitcoin did earlier in November, now taking the altcoin’s recovery to over $600. The level is the last major resistance zone before an all-time high retest is due. Here is the level to watch for where a reversal could take place, or if it’s too late and […]

4 Bitcoin Targets To Be On The Lookout For As Price Retests S/R Zone

Bitcoin is once again testing a critical level that could shape its next major move. With price action returning to a previously contested support and resistance zone, attention is now shifting toward a defined set of upside targets that could come into play if the level continues to hold. Bitcoin’s S/R Zone Retest Signals Strength In Market Structure According to market technician Johnathan Carter, Bitcoin’s weekly chart is currently revisiting a key zone that previously acted as resistance before being broken. That same level is now functioning as support, marking a classic....

PEPE Faces Potential 5% Drop, Eyes Key Support Level Retest

After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and lead to a rebound, potentially setting the stage for a renewed upward trend, and explore potential scenarios for its....

Solana Freefall Ahead? SOL Price Risks Drop To $150 If This Critical Support ...

After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists. Related Reading: SUI Retest Ascending Triangle Support Amid 8% Drop – Bounce Or Breakdown Next? Solana Price Retest Major Support On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been....