BusinessPostCorner.com
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Bitcoin Price Prediction as Bears Pull BTC Below $30,000 Zone – Will BTC Fall to $20,000 Next?

July 18, 2023
in Crypto News
Reading Time: 3 mins read
A A
0
Bitcoin Price Prediction as Bears Pull BTC Below ,000 Zone – Will BTC Fall to ,000 Next?
ShareShareShareShareShare

As bears exert pressure on Bitcoin price, pushing it below the critical $30,000 zone, investors are left questioning the possibility of a further decline to $20,000. 

The recent downturn in BTC has ignited speculation about the future trajectory of the world’s leading cryptocurrency. 

Will Bitcoin experience a significant drop to the $20,000 level, or can it find support and stage a recovery? 

Traders and enthusiasts closely monitor market movements and analyze key indicators to anticipate Bitcoin’s next move.

Bitcoin Price 

The current price of Bitcoin is $29,779, with a 24-hour trading volume of $13.1 billion. Over the past 24 hours, Bitcoin has experienced a decrease of over 1%. 

It holds the top position in the CoinMarketCap ranking, with a live market capitalization of $578 billion. 

The circulating supply of Bitcoin is 19,433,112 BTC coins, and its maximum supply is capped at 21,000,000 BTC coins.

Bitcoin Price Prediction 

Upon analyzing the technical aspects of Bitcoin, it is evident that the cryptocurrency is currently encountering immediate support near the $29,750 threshold. 

This support is reinforced by the presence of a triple bottom pattern visible in the four-hour timeframe, which indicates the possibility of a bullish recovery in Bitcoin’s price.

However, it is important to consider that the relative strength index (RSI), moving average convergence divergence (MACD), and the 50-day exponential moving average all suggest a bearish sentiment, indicating a higher likelihood of a downward trend.

Bitcoin Price Chart – Source: Tradingview

Should Bitcoin experience a bearish breach below the $29,750 level, it may intensify selling pressure and potentially lead to a decline towards $29,300 or even lower to around $28,750.

Conversely, a bullish breakthrough above the $30,400 level could expose Bitcoin to higher price levels, with potential targets at $30,900 or $31,750.

Please also note that Bitcoin is not projected to fall below $20,000 unless and unless there is a specific event prompting a sell-off in BTC. BTC may reverse before reaching the $20,000 milestone.

Top 15 Cryptocurrencies to Watch in 2023

Stay informed about the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly exploring our carefully selected collection of the top 15 digital assets to watch in 2023.

This thoughtfully curated list has been compiled by industry experts from Industry Talk and Cryptonews, ensuring that you receive professional recommendations and valuable insights.

Stay ahead of the game and discover the potential of these cryptocurrencies as you navigate the ever-changing world of digital assets.

Find The Best Price to Buy/Sell Cryptocurrency 

Cryptocurrency Price Tracker – Source: Cryptonews

Credit: Source link

ShareTweetSendPinShare
Previous Post

Tata Motors set to announce plans to build UK battery factory

Next Post

Russia imports equipment from SLB, Baker Hughes, Halliburton

Next Post
Russia imports equipment from SLB, Baker Hughes, Halliburton

Russia imports equipment from SLB, Baker Hughes, Halliburton

Elon Musk exits Trump administration after clash over ‘big beautiful bill’

Elon Musk exits Trump administration after clash over ‘big beautiful bill’

May 29, 2025
US goods imports tumble 20% in April as Trump’s tariffs disrupt trade

US goods imports tumble 20% in April as Trump’s tariffs disrupt trade

May 30, 2025
Bitcoin Price Prediction: BTC at 7,911 After Big Week — Will Lower Volume Drive Volatility to 5K?

Bitcoin Price Prediction: BTC at $107,911 After Big Week — Will Lower Volume Drive Volatility to $115K?

May 25, 2025
Switzerland’s Glencore to cut down output and jobs. ‘These are necessary actions we have to take’ says CEO

Switzerland’s Glencore to cut down output and jobs. ‘These are necessary actions we have to take’ says CEO

May 29, 2025
U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent 

U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent 

May 26, 2025
Post Office payouts ‘not by kangaroo court’, says oversight body

Post Office payouts ‘not by kangaroo court’, says oversight body

May 27, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

How Iran is preparing for Israeli or US strikes

How Iran is preparing for Israeli or US strikes

June 1, 2025
Tough choices unavoidable, says IFS

Tough choices unavoidable, says IFS

May 31, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!