Coin Gabbar Token

After US Federal Reserve Chair Jerome Powell’s Jackson Hole speech, the cryptocurrency’s price broke support levels of $20,000.<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin price analysis is bearish</a> for the world’s largest cryptocurrency, as the chances of making higher highs have recently increased. Interestingly, with the bears controlling the price movement and a 5.72% decline in the previous 24 hours, it looks that the market’s bearish trend will continue. Furthermore, with strong selling pressure in the market, investors may expect BTC to retest the nearest support at the $19K price zone if the $20K level fails to hold.Bitcoin (BTC), the world’s biggest cryptocurrency, could attempt to breach the $22K price level, but it has failed to keep above the $21K price level, indicating that investors could witness another bearish fall in the near future as the market remains in red.According to the data, the token’s trading volume increased by 46.23% in the previous 24 hours, while the market cap increased by 5.74%. Furthermore, the Volume / Market Cap ratio is 0.1135, and the Market Dominance is 40.65%.The token’s daily candle opened at a price of $20240 and reached at a price of $20389. The daily low for Bitcoin, on the other hand, is at $19932.<a href="https://www.coingabbar.com/en/crypto-currency-news-english/powell-foresees-pain-bitcoin-ethereum-fall-2" rel="noopener noreferrer nofollow"> Bitcoin’s price at the time of writing is $20200.</a>The RSI indicator is showing less than 32.30, indicating that Bitcoin’s price movement has reached the oversold zone. The MACD line is still below the signal line and is moving away from it as selling pressure increases. Bitcoin’s price is retesting the lower end of the Bollinger Bands, and a negative breakout is possible.KEY LEVELS :RESISTANCE LEVEL : $20400-$20800SUPPORT LEVEL : $19700-$19000

Cryptocurrency price update: BITCOIN PRICE ANALYSIS : Bloodbath seen in BTC after breaking bearish flag and bullish channel line

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