Coin Gabbar Token

According to price analysis, there is a long-term consolidation with a bearish trend. The price has been trading in the green for the last few hours and has been trying to reach $21,750.To reduce the price much more, the seller looks for participants.After just one drop on August 19, <a href="https://www.coingabbar.com/en/crypto-currency-news-english/bitcoin-not-mature-enough-function-inflation-hedge-scaramucci-2" rel="noopener noreferrer nofollow">BTC is still holding onto the support zone.</a> The price is still struggling below the $22,000 threshold, so buyers should be cautious. This could indicate further suffering for BTC buyers and indicate a struggle.Near $20,760, a low was formed, and now the price is consolidating its losses. Currently, it is trading below both the 55 simple moving average and $22,000. The $21,750 level is close to the point of immediate upward resistance.It is close to the level of the 23.6% Fibonacci retracement of the drop from the swing high of $24,986 to the low of $20,760. The 55 simple moving average and the $22,250 level represent the first strong resistance. Near the $22,850 level is where the next significant upward resistance is situated.The price could drop even below $21,000 if there is no upwards breakout. Below $20,700, the price may continue to fall sharply. This is the next important support. In the parameters, the price might fall to around $20,000.Looking at the chart, it is clear that the price of<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow"> bitcoin is currently below $22,000</a> and the 55 simple moving average. If there is no increase above the $21,750 resistance, the price could possibly continue to fall.KEY LEVELS :RESISTANCE LEVEL : $21500-$22000SUPPORT LEVEL : $20800-$20400

Cryptocurrency price update: BITCOIN PRICE ANALYSIS : BITCOIN is currently trading sideways, MAKE OR BREAK will decide the beginning of a new trend.

Coingabbar

Other articles published on Aug 24, 2022

August 2022 Development Recap for The Blockchain OS.

Top Metaverse News: Music Star Miley Cyrus Enters the Metaverse with 2 Trademark Filings

NFTART - the utility token for the enter NFT ecosystem

Decimal is recommended by CoinMarketCap

Crypto News of the Day: SudoRare rug pull linked to Kraken wallet, Malaysia warns investors about...

How Blockchain can revolutionize international trade?

Join our free newsletter for daily crypto updates!