Coin Gabbar Token

The movement in the crypto market is driven by macroeconomic factors.Bitcoin’s price has dropped below $21.8K after nearly hitting the $22.2K level. The August Consumer Price Index will be released tomorrow. This data is likely to have a major impact on the Fed’s decision on the next interest rate rise.Bitcoin gained momentum and even passed the $22,000 barrier level against the US dollar. BTC is reversing gains, although down may be limited around $21,500.<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin’s price</a> remained far over $20,000 and started a new rising momentum. The price broke through the $21,000 and $21,200 resistance levels.The price even burst through the $21,500 barrier level and spiked above the $22,000 mark. A high was made around $22,358 and the price has just begun to fall. The price fell below the $22,000 and $21,850 levels.Bitcoin traded below the 23.6% Fib retracement level of the recent rally from the swing low of $21,180 to the high of $22,347. It is currently trading above the $21,500 level as well as the 100 hourly simple moving average. Furthermore, on the hourly chart of the BTC/USD pair, a key bullish trend line is forming with support at $21,600.According to Price Analysis, The market capitalization of this BTC is estimated to be $457,040,724,766. The 24-hour trading volume for the same coin is around $457,040,724,766. BTC market capitalization has risen by 0.61%. However, trade volume increased by 17.47% during intraday trading. The market capitalization to volume ratio is 0.09678.The first significant resistance is located at $22,000. Any future increases might take the price up to $22,600. Above $22,600, the price may quickly hit $23,300.If Bitcoin fails to break over the $22,000 major resistance level, it may continue to fall below $21,100. The next big level of support is at $20,600. If it fails to maintain this level, strong panic selling might occur, possibly reaching the $20,000 milestone.KEY LEVELS :RESISTANCE LEVEL : $22400-$22900SUPPORT LEVEL : $21400-$20800Get 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>

BITCOIN PRICE ANALYSIS : When Bitcoin reaches $22,000, which would win in a fight: a bull or a bear?

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