Bitcoin climbs above $23,500 as market recovery continues

Bitcoin climbs above $23,500 as market recovery continues
фото показано с : coinjournal.net

2022-7-20 13:39

The cryptocurrency market has been performing excellently over the past few days, and the rally could continue for a while.

The cryptocurrency market has recorded sustained positive performances over the past few days. The market has added more than 4% to its value in the last 24 hours, with the total market cap now above $1 trillion.

If the market continues with its current trajectory, the total market cap could surge past the $1.1 trillion mark soon. 

Bitcoin has been performing excellently over the last couple of days. In the last seven days, Bitcoin has added more than 20% to its value. BTC is currently trading at $23,500, up by more than 7% in the last 24 hours.

If the bulls could remain in control, Bitcoin and the broader cryptocurrency could record huge gains over the next few days and weeks.

Key levels to watch

The BTC/USD 4-hour chart is positive as Bitcoin has been performing well over the last couple of days. The technical indicators show that Bitcoin is recovering from its recent bear trend.

The MACD line is above the neutral zone and continues to surge higher, indicating bullish momentum. 

The 14-day relative strength index of 68 shows that Bitcoin could enter the overbought region if the positive momentum can be maintained.

At press time, BTC is trading at $23,677 per coin. If the bulls remain in charge, Bitcoin could cross the first major resistance level at $24,756 over the next few hours. 

Bitcoin could move towards the $26k resistance level for the first time in a month if the market embarks on an extended bullish run.

However, the bears can regain control and drag BTC towards the $21,893 support level. In the short term, Bitcoin should comfortably defend its position above the $20k psychological level.

The post Bitcoin climbs above $23,500 as market recovery continues appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market recovery bitcoin continues climbs 500 above

Источник: coinjournal.net

market recovery → Результатов: 126


Фото:

Crypto Market Sees 3% Pullback After A Short-Term Recovery

As Tuesday rolled around, many traders thought that the worst was yet to come for the market, with critics expecting Bitcoin to chip away at the $5,800 support as the week continued. For those who are unaware, the $5,800 level has been continually cited as a strong line of support, with analysts highlighting previous bounces […] The post Crypto Market Sees 3% Pullback After A Short-Term Recovery appeared first on Ethereum World News.

2018-8-19 22:50


Фото:

Top 10 Cryptocurrencies See Green After a Tumultuous Week

Bitcoin (BTC)–After one of the hardest hitting weeks to the crypto markets in an otherwise bearish year, the top ten currencies by market capitalization appear to be in recovery. On Monday, the total market capilization of cryptocurrency dipped below $200 billion for the first time since last year, signaling a relative low from January 2018’s […] The post Top 10 Cryptocurrencies See Green After a Tumultuous Week appeared first on Ethereum World News.

2018-8-18 18:28


Фото:

Five Benefits to a Bear Market

We’ve been in a slump for a while now, and by the looks of it will remain in one for a good while longer. How long, how low, and how slow the recovery is anyone’s guess. If you’re reading these words, you’re still here, and thus it’s safe to assume you’re in this for the […] The post Five Benefits to a Bear Market appeared first on Bitcoin News.

2018-8-16 05:05


Фото:

Market Update – BTC And ETH Crashing, XRP Finding Balance

Last weeks optimism has well and truly vanished. We start August on a very negative note. The markets are down, values are falling and overall, everything is a little bit disappointing. After almost two weeks of positive movements, we finally saw, for the first time in a number of months, various cryptocurrencies moving back up towards their April highs, back on the road to recovery.

2018-8-1 12:30


Фото:

Bitcoin Price Analysis: How Many Days Can We Trade Sideways?

Decisions by the U.S. Securities and Exchange Commission (SEC) appear to have put a temporary damper on the current Bitcoin rally. Does the quick recovery to $8,250 mean the bull reversal is still intact? Market Overview BTC dipped to $7,900 on the recent denial of the Winklevoss brothers Bitcoin ETF application, and the postponement of Direxion BTC ETF decision by the SEC, but it’s clear that current events were not the sole factor for this Read More The post Bitcoin Price Analysis: How Many Days Can We Trade Sideways? appeared first on Bitcoinist.com.

2018-7-29 14:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Mintlayer launches user-friendly staking platform with 198% APY

Bitcoin Layer-2 (L2) platform Mintlayer has announced an upgrade to its staking program, enhancing the user interface (UI) to make it more accessible and easier to use. The simplified staking program is integrated into Mintlayer’s blockexplorer and Mojito wallet browser extension, enabling users to stake their ML tokens and earn substantial rewards. Industry-leading APY attracts […]

PEPE takes a hit after GameStop inspired rally, here’s why it could dip lower

PEPE, one of the largest meme coins in the crypto ecosystem has wiped out 4.19% of its value early on Thursday. The return of legendary trader “Roaring Kitty” associated with GameStop’s 2021 rally catalyzed gains in top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Popcat (POPCAT) and PEPE, among others.  […]