BITCOIN PRICE ANALYSIS : Bitcoin reaches $22,000, which would win in a fight:

[Coin_Gabbar]

The movement in the crypto market is driven by macroeconomic factors.
Bitcoin's price has dropped below $21.8K after nearly hitting the $22.2K level. The August Consumer Price Index will be released tomorrow. This data is likely to have a major impact on the Fed's decision on the next interest rate rise.

Bitcoin gained momentum and even passed the $22,000 barrier level against the US dollar. BTC is reversing gains, although down may be limited around $21,500.

Bitcoin's price remained far over $20,000 and started a new rising momentum. The price broke through the $21,000 and $21,200 resistance levels.

The price even burst through the $21,500 barrier level and spiked above the $22,000 mark. A high was made around $22,358 and the price has just begun to fall. The price fell below the $22,000 and $21,850 levels.

Bitcoin traded below the 23.6% Fib retracement level of the recent rally from the swing low of $21,180 to the high of $22,347. It is currently trading above the $21,500 level as well as the 100 hourly simple moving average. Furthermore, on the hourly chart of the BTC/USD pair, a key bullish trend line is forming with support at $21,600.

According to Price Analysis, The market capitalization of this BTC is estimated to be $457,040,724,766. The 24-hour trading volume for the same coin is around $457,040,724,766. BTC market capitalization has risen by 0.61%. However, trade volume increased by 17.47% during intraday trading. The market capitalization to volume ratio is 0.09678.

The first significant resistance is located at $22,000. Any future increases might take the price up to $22,600. Above $22,600, the price may quickly hit $23,300.

If Bitcoin fails to break over the $22,000 major resistance level, it may continue to fall below $21,100. The next big level of support is at $20,600. If it fails to maintain this level, strong panic selling might occur, possibly reaching the $20,000 milestone.

KEY LEVELS :

RESISTANCE LEVEL : $22400-$22900

SUPPORT LEVEL : $21400-$20800
For more information visit Coingabbar.com

[KryptoBull]

I fear that 25K-26K remains a major resistance for the BTC price line in this rally. I don't believe we will see a new bottom but I also don't think we will see strong BTC growth anytime soon. BTC Halving will take place in 2024, we should keep the money until mid 2023.

[msz900]

The movement in the crypto market is driven by macroeconomic factors.
Bitcoin's price has dropped below $21.8K after nearly hitting the $22.2K level. The August Consumer Price Index will be released tomorrow. This data is likely to have a major impact on the Fed's decision on the next interest rate rise.

Bitcoin gained momentum and even passed the $22,000 barrier level against the US dollar. BTC is reversing gains, although down may be limited around $21,500.

Bitcoin's price remained far over $20,000 and started a new rising momentum. The price broke through the $21,000 and $21,200 resistance levels.

The price even burst through the $21,500 barrier level and spiked above the $22,000 mark. A high was made around $22,358 and the price has just begun to fall. The price fell below the $22,000 and $21,850 levels.

Bitcoin traded below the 23.6% Fib retracement level of the recent rally from the swing low of $21,180 to the high of $22,347. It is currently trading above the $21,500 level as well as the 100 hourly simple moving average. Furthermore, on the hourly chart of the BTC/USD pair, a key bullish trend line is forming with support at $21,600.

According to Price Analysis, The market capitalization of this BTC is estimated to be $457,040,724,766. The 24-hour trading volume for the same coin is around $457,040,724,766. BTC market capitalization has risen by 0.61%. However, trade volume increased by 17.47% during intraday trading. The market capitalization to volume ratio is 0.09678.

The first significant resistance is located at $22,000. Any future increases might take the price up to $22,600. Above $22,600, the price may quickly hit $23,300.

If Bitcoin fails to break over the $22,000 major resistance level, it may continue to fall below $21,100. The next big level of support is at $20,600. If it fails to maintain this level, strong panic selling might occur, possibly reaching the $20,000 milestone.

KEY LEVELS :

RESISTANCE LEVEL : $22400-$22900

SUPPORT LEVEL : $21400-$20800
For more information visit Coingabbar.com

Currently, only those who have High-Risk potential and have almost 2 BTC worth of money to invest can take benefit from this Pump and Dump situation, as BTC is still not predectiable.

[Osama Sultan]

I fear that 25K-26K remains a major resistance for the BTC price line in this rally. I don't believe we will see a new bottom, but I also don't think we will see strong BTC growth anytime soon. BTC Halving will take place in 2024, we should keep the money until mid 2023.

You are right as we seeing that fake pumps then come back to the 19,20k means that whales are not ready to pump crypto market to break 25k resistance and last time it cross 22k and come back so its tells us that bitcoin is getting weak and in some time it faces the lower resistance and believe me at 17500 USD place your buying order because last bullrun top is that price which give a strong support if wick goes lower it will recover in some hours .