Bitcoin expectations and attempts to breach the $23,000 level | Arabic Bitcoin | Bitcoin news

Bitcoin expectations and attempts to breach the $23,000 level

Bitcoin predictions and attempts to hack
Bitcoin predictions and attempts to hack

Bitcoin Forecast and Bitcoin (BTC) Attempt could not stem their losses and are still trading in the red below $23,000 and $1,600 respectively.

Traders are hesitant to place any strong bids ahead of a critical week of economic developments in the US.
This week will see the release of non-farm payrolls and remarks by US Federal Reserve Chairman Jerome Powell, making it a defining moment for the market.

BTC struggled to rise above the $22,800 level, and if the bears succeed in pushing the price below its current level, the next support level would be $21,480.

The second largest cryptocurrency, Ethereum, also saw a lack of trading activity around the $1,500 mark, indicating indecision between buyers and sellers.

Bitcoin predictions and attempts to hack

As of now, the live bitcoin price is $22,465, with a 24-hour trading volume of $15.6 billion.
Over the past 24 hours, Bitcoin has seen an increase of 0.37%. With a live market cap of $433 billion, Bitcoin ranks first in CoinMarketCap’s ranking.

It has a circulating supply of 19,310,450 BTC coins and a maximum supply of 21,000,000 BTC coins.

According to technical analysis, the BTC/USD pair is currently in a consolidation phase and is trading in a narrow range between $22,000 and $22,500.

A breakout from this range, either to the upside or downside, can lead to a significant price movement in the bitcoin market.

In case the BTC/USD pair crosses the $22,500 level, it could lead to an upward breakout, which could push the bitcoin price towards the $22,800 or $23,250 levels.

On the contrary, if support levels are held around $22,000 or $21,750, it could lead to a recovery.

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