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Bitcoin started a downward slide, trading below $20,000 against the dollar. BTC is still subject to more losses unless it returns over $20,000.<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">According to price analysis, Bitcoin’s price has failed</a> to rise over the $22,000 barrier level. BTC has started a new downward trend below the $21,200 and $21,000 support levels.The bears gained momentum in preparations for a push below the $20,000 support level. The price fell below $20,000 and below the 100 hourly simple moving average. The price has formed a bottom at $19,515 and is now consolidating losses.On the hourly chart of the BTC/USD pair, a key bearish trend line with resistance near $20,000 is rising. To start a recovery wave, Bitcoin must break through the $20,000 resistance zone.The next major resistance may be around $20,700. It is close to the 50% Fib retracement level of the fall from the swing high of $21,875 to the low of $19,515. Further any gains might push the price up to the $21,000 barrier level.On the other hand, if bitcoin sellers succeed to close a candle below the $20000 level, the bearish breakdown in the weekly chart would increase the bearish momentum. As a result, the BTC price will decrease by 5.1% and reach the June-July bottom support of $18900.If bitcoin fails to break over the $20,000 resistance level, it may continue to fall. On the downside, there is immediate support at the $19,500 level and the recent low.The next major support is at $19,200. A close below the $19,200 support level might trigger a sharp decline. In the aforementioned scenario, the price may fall towards the $18,500 level in the following sessions.KEY LEVELS :RESISTANCE LEVEL : $20400-$20900SUPPORT LEVEL : $19350-$18800Get more crypto related updates on :-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cryptocurrency price update: BITCOIN PRICE ANALYSIS : BTC has seen a bloodbath, as bears aggressive below $20000

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