Coin Gabbar Token

Bitcoin has started an upward reversal against the US dollar over $19,000. BTC is still struggling to break through the $19,400 and $19,500 resistance levels.<a href="https://www.coingabbar.com/en/crypto-research-papers/bitcoin" rel="noopener noreferrer nofollow">Bitcoin’s price </a>started a sudden decline below the critical $19,500 support level. BTC continued its move below $19,000 and the 100 hourly simple moving average.The price even dropped below $19,000 and tested $18,500. A low was formed near $18,527, and the price has recently started to rise. The price increased above the $19,000 resistance level. Price was pushed above the 38.2% Fib retracement level of the crucial drop from the $20,172 swing high to the $18,527 low by the bulls.However, the bears remained aggressive at the $19,500 resistance level. On the hourly chart of the BTC/USD pair, there is also a major bearish trend line forming with resistance near $19,310.According to Price Analysis, The market capitalization of this coin is estimated to be $405,874,752,801. The 24-hour trading volume for the same coin is around $32,771,236,231. Bitcoin market capitalization has risen by 3.02% in the last day to $19300 at the current approximate price. However, trade volume decreased by 22.27% during intraday trading. The market capitalization to volume ratio is 0.08867.The first major resistance is located at the $19,500 level. The major hurdle is located between $19,500 -$19,600 level. Any further rises might push the price up to the $20,500 level. Above $20,500 BTC may touch $22,000 level soon.If BTC fails to break $19500 major resistance, the price may continue to fall below $18,800. The next major support level is at $18,500, below which the price may accelerate downward. In the aforementioned scenario, the price may fall to $17,650 level.KEY LEVELS :RESISTANCE LEVEL : $19700-$20500SUPPORT LEVEL : $18800-$18400Get 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 : Will BTC face strong resistance at the $19500-$19600 level?

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