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Bitcoin Price Analysis — July 12 (Daily Chart)
Bitcoin returned to the bears at the Asian open on Sunday, falling from the 22K top to the sub-20K mark as macroeconomic and geopolitical developments weighed on risky assets. The benchmark cryptocurrency now clings at the 20K base as it fights to stall further bearish clearance to the 19K - 18K zone.
While July is hoped to be a bullish month for the cryptocurrency, BTC bulls have shown no commitment to putting a healthy distance from the bottom for the primary cryptocurrency. That said, we could record more downsides over the coming days to 19K.
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: $886.2 billion
Bitcoin Market Capitalization: $380.3 billion
Bitcoin Dominance: 42.9%
Market Rank: #1
While July is hoped to be a bullish month for the cryptocurrency, BTC bulls have shown no commitment to putting a healthy distance from the bottom for the primary cryptocurrency. That said, we could record more downsides over the coming days to 19K.
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: $886.2 billion
Bitcoin Market Capitalization: $380.3 billion
Bitcoin Dominance: 42.9%
Market Rank: #1
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