Can Bitcoin really crash to $19,000? It's 'still on the cards,' says new analysis.
Others were ready and waiting for volatility to reenter the market, but would not be drawn on whether Bitcoin would ultimately break out or break down to test levels from earlier in the year.
Among them was popular trader and analyst Toni Ghinea, who envisaged a make-or-break decision for the recent narrow price range in the coming week. “I'm expecting a big move with $BTC next week. 31-32k is resistance. 29k is support. Keep it simple,” he“If there's a break above do NOT get euphoric. We are literally at the range high. If there's a nuke next key area is 27-28k. If it holds get ready to buy the pullback. If it breaks lower than 19-23k is still on the cards. Play this level by level. That's it.
The coming week should provide plenty of potential volatility indicators as markets digest macroeconomic policy cues.The United States Federal Reserve's Federal Open Market Committee will meet to decide on interest rates ahead of the Bitcoin monthly close.in predicting a return to rate hikes this month, following a previous pause.Fed target rate probabilities chart. Source: CME GroupThis article does not contain investment advice or recommendations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Volatile Week of Trading – Market Updates Bitcoin NewsBitcoin consolidated around the $30,000 level to start the weekend, as traders attempted to find a firm price floor on Saturday.
Read more »
Bitcoin (BTC) Price Analysis for July 21How great are chances to see the rate of BTC above $30,000? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Read more »
Bitcoin (BTC) Price Analysis for July 22How long can the correction of BTC last? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
The last Bitcoin: What will happen once all BTC are mined?More than 19 million Bitcoin have been mined out of 21 million; what happens to mining firms once the cap is reached is anyone’s guess.
Read more »
Bitcoin Dawdles Below $30K as Investors Eye Coming Fed Rate Decision, BTC Options ExpiryBitcoin briefly feinted higher but then retreated to its recently familiar ground below $30K. Investors will be eyeing next week’s FOMC interest rate decision and a BTC options expiry. By sndr_krisztian, JPRubin23
Read more »
Satoshi-Era Bitcoin Whale Stirs, Shoveling Massive BTC StashLarge amount of Bitcoin has been moved by whale after more than 11 years of dormancy
Read more »