BitcoinShort
Bitcoin Price Analysis — July 14
Bitcoin ended a four-day losing streak yesterday after tapping the 19K base. Currently, the flagship cryptocurrency has bounced off the mentioned base and fights to regain a footing above the 20K mark.
With the US dollar scaling new record highs, a sustained push above the 20K mark seems unlikely for the cryptocurrency as traders prepare for a possible fall to 17K. In any case, the overall bias remains bearish, warranting extreme caution against aggressive bullish bets.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $897.4 billion
Bitcoin Market Capitalization: $384.5 billion
Bitcoin Dominance: 42.7%
Market Rank: #1
With the US dollar scaling new record highs, a sustained push above the 20K mark seems unlikely for the cryptocurrency as traders prepare for a possible fall to 17K. In any case, the overall bias remains bearish, warranting extreme caution against aggressive bullish bets.
Meanwhile, my resistance levels are at $20,700, $21,000, and $22,000, and my key support levels are at $19,000, $18,000, and $17,000.
Total Market Capitalization: $897.4 billion
Bitcoin Market Capitalization: $384.5 billion
Bitcoin Dominance: 42.7%
Market Rank: #1
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