Bitcoin Price Analysis — September 20
After crashing towards the 18K low on Sunday, Bitcoin managed a small rebound to the 19.6K pivot base yesterday. However, the benchmark cryptocurrency lacked the follow-up support to break past the barrier and into the 20K range.
As a result, BTC returned to the sub-19K mark in the North American session on Tuesday, where it currently hovers around. With the US Fed expected to deliver nothing less than 75 basis points in its meeting tomorrow, BTC could suffer an additional slump. However, if the rate hike has already been priced in, the benchmark cryptocurrency’s momentum should remain unchanged or record an aggressive upward rally.
Meanwhile, my resistance levels are at $19,600, $20,000, and $20,500, and my key support levels are at $19,000, $18,500, and $18,000.
Total Market Capitalization: $930.6 billion
Bitcoin Market Capitalization: $365.6 billion
Bitcoin Dominance: 39.2%
Market Rank: #1
As a result, BTC returned to the sub-19K mark in the North American session on Tuesday, where it currently hovers around. With the US Fed expected to deliver nothing less than 75 basis points in its meeting tomorrow, BTC could suffer an additional slump. However, if the rate hike has already been priced in, the benchmark cryptocurrency’s momentum should remain unchanged or record an aggressive upward rally.
Meanwhile, my resistance levels are at $19,600, $20,000, and $20,500, and my key support levels are at $19,000, $18,500, and $18,000.
Total Market Capitalization: $930.6 billion
Bitcoin Market Capitalization: $365.6 billion
Bitcoin Dominance: 39.2%
Market Rank: #1
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