9 months ago
Date: 27 Sep 2022 - 08:40
The post Bitcoin Price Back Above 20000 Are the Bulls Active Again or Is This Just a Temporary Upswing appeared first on Coinpedia Fintech NewsWith a bearish weekly close and a bearish start to the week it was anticipated that the price of Bitcoin would soon drop to extreme lows. Now that there has been a significant upswing the price targets have been renewed toward the north. The BTC price is still covered by bearish clouds which could cause a sharp decline in the price in the near future.As the market capitalization is getting close to 1 trillion the cryptocurrency industry currently appears to have somewhat recovered. Sadly these levels might not last for very long because it is predicted that the price of Bitcoin will decline significantly over the next few days.nbspCapo a wellknown analyst who foresaw the BTC price recovery now forecasts a significant asset dump that will happen very soon.nbspBTC pic.twitter.comh3SYI5P8CZmdash il Capo Of Crypto CryptoCapo September 27 2022The analyst foresaw the current upswing a few days ago when BTC prices were trading inside of a symmetrical triangle. The prices are expected to peak between 20500 and 21000 after which they could experience a sharp decline to lows between 14000 and 16000 over the next few weeks.The BTC price is currently trading above the resistance at 19600 and is trying to secure levels above 20400 as soon as possible. However the star cryptocurrency might make an attempt to climb above the crucial resistance at 21100 after which a healthy uptrend towards the previous highs at 22500 may be about to begin.nbspIn contrast a retest of 18500 is still possible and could invalidate the bullish trajectory for the price of Bitcoin BTC.
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Crypto Overview Show morenavigate_next
| USDT Market | Price | Change (24H) | Market Cap | Last 7 Days |
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39997.79 $ | 0 % | 760.32 Billion $ |  |
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3001.33 $ | 0 % | 360.05 Billion $ |  |
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1.001 $ | 0 % | 82.65 Billion $ |  |
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398.86 $ | 0 % | 59.29 Billion $ |  |
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1.004 $ | 0 % | 50.96 Billion $ |  |
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101.49 $ | 0 % | 33.28 Billion $ |  |
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0.122 $ | 0 % | 31.52 Billion $ |  |
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0.7024 $ | 0 % | 30.96 Billion $ |  |
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82.96 $ | 0 % | 29.44 Billion $ |  |
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0.9455 $ | 0 % | 29.42 Billion $ |  |
Crypto News Show morenavigate_next
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