This month, BTC could find support at the $20,000 level. - Asian Trade TV
Crytocurrency

This month, BTC could find support at the $20,000 level.

The cryptocurrency market’s leader, Bitcoin (BTC), has seen its price rise by 4.36 percent in the last 24 hours.This has caused the price of BTC to rise above a key level of $20,000. At the time of press, the price of BTC was $20,188.54. Also, BTC’s price movement over the last 7 days has been positive.

The volume of BTC trades has also gone up by 194.06% in the past day, bringing the total daily volume to $79,749,216,832.

If you look at the monthly chart for BTC/USD, you can see that the price of BTC needs to turn the green level around $20,000 back into support to get back into the $20k to $23.3k green-red macro range.

If BTC’s monthly close goes above the green level this month, it would be a good sign that the currency is going to get better. On the other hand, if the monthly close is below the green level, the price will probably turn back into a resistance zone.

Related: Bitcoin (BTC) provides “Absolute Freedom,” Nigel Farage: Regulators Need More Education 

In related news, the total value of the global cryptocurrency market has gone up by 4.92 percent in the last 24 hours, bringing it to $978.20 billion. This rise in the market cap is due to the fact that the prices of several of the top 10 cryptos by market cap went up by more than 10%.

All of the prices of Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) went up by more than 10%. With the latest rise in BTC’s price, its market capitalization has risen to $387,467,700,923.

All of the information in this price analysis, as well as all of the views and opinions, are shared in good faith. The reader must do his or her own research and homework. If a reader does something, it is at their own risk. No Coin Edition and its partners won’t be responsible for any damage or loss, direct or indirect.

The post Bitcoin Could Reach $20,000 This Month appeared first on Coin Edition.

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