The most famous cryptocurrency, bitcoin’s price on Monday kept being below the $20,000-mark, as other cryptocurrencies were also underperforming. Overall, the cryptocurrency market remained very low. Inflation being high, the dread of recession and geo-political unrest have enforced investors to stop investing in cryptocurrencies, avoiding themselves of taking any risk.
BITCOIN PRICE TODAY
Bitcoin’s price was bullish slightly by 0.37 % . Although, even after the gain, the world’s most popular cryptocurrency was hovering at $19,145.05.
Ethereum, the second largest crypto , was down by 0.51% at $1,054.50.
With the crypto cryptocurrency market consolidating for the past few days, the support and resistance levels for bitcoin and Ether would be crucial levels to watch out. Technical analysis reveals that bitcoin could go to as low as $15,600 mark if the support levels fail – said Edul Patel
“Bitcoin has been buying and selling under the two hundred-week transferring average. In times in which bitcoin has traded under the two hundred-week transferring average, it marked the stop of the endure section and bitcoin has historically recovered from that point. It could be exciting to look how the rate movement performs out over the approaching few days,” Patel said.
Among different cryptocurrencies, Solana was bearish with 0.67 % , Cardano was bearish with 0.45% , Stellar bearish 0.62 % , Dogecoin bearish 0.48 % , Polkadot was bearish with 0.42 % , and Shiba Inu was bearish with 0.09 %.