Waiting For The Next Move: Bitcoin Recovers Following The $2,000 Crash (Market W
Following the steep price drop of nearly $2,000, bitcoin bounced off the $17,600 bottom and has risen above $18,000 again. Most alternative coins have also recovered some of the losses, and the market cap has added about $20 billion since yesterday.
After the relatively calm weekend bitcoin had where it dabbled with the $19,000 price tag, the cryptocurrency experienced a significant drop yesterday. BTC went from a high of $19,300 to $18,000 before continuing south to the intraday bottom of about $17,600.
This became bitcoin’s lowest price registered in December. Nevertheless, the bulls took control at that point and didn’t allow any further declines. In the following hours, the primary cryptocurrency charged to $18,600 before retracing slightly to about $18,350.
From a technical viewpoint, BTC’s most significant support levels are situated at $18,000, $17,560, and $17,250. Alternatively, the digital asset has to overcome the $18,500 and $18,700 resistance lines if it’s to challenge $19,000 once again.
Read more here (https://cryptopotato.com/waiting-for-the-next-move-bitcoin-recovers-following-the-2000-crash-market-watch/)