Coin Gabbar Token

<h2 id="header-0">On Oct. 4, Bitcoin made its first move above $20,000, as traders expected familiar resistance to restrict gains.</h2>The supply of Bitcoin on exchanges has fallen to a four-year low, indicating that more market participants are prepared to buy the cryptocurrency rather than sell it.The US dollar index has risen to a 20-year high of 114.78, which has been driving BTC price movements in recent weeks. However, the DXY index fell below 111 today, prompting a brief recovery in the crypto and stock markets. Indeed, the Credit Suisse problem has caused investors to take shelter in Bitcoin.<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" rel="noopener noreferrer nofollow">Bitcoin</a> is connected to the financial market in the United States. Furthermore, the price action of BTC and the trading volume of the stock market show a clear correlation. The bullish and bearish possibilities for Bitcoin are determined by the US Stock Market Volume Depth oscillator.The BTC price movement shows rising buying pressure at the critical support level of 18,600 dollars, resulting in a consolidation face instead of a bearish breakout. Furthermore, the increasing bullish influence throughout the consolidation phase forms a double bottom pattern, teasing a bullish breakout to test the longing resistance trendline.Bitcoin&#39;s price had remained over $19,000 for the immediate term. Bitcoin fell as low as $18,923 before starting a sharp rise. The price rose over $19,150 and $19,200. The price was able to break through the 50% Fib retracement level of the fall from the swing high of $20,182 to the low of $18,924. There was also a rise over the $19,500 resistance zone, which placed the price in a short-term uptrend.Bitcoin is currently trading above the $19,400 level and the 100 hourly simple moving average. On the hourly chart of the BTC/USD pair, a key bullish trend line is forming with support at $19,450.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a>, The market capitalization of this ETH is estimated to be $382,433,298,210. The 24-hour trading volume for the coin is around $33,024,949,124. ETH market capitalization has risen by 4.12%. However, trade volume increased by 34.51% during intraday trading. The market capitalization to volume ratio is 0.08626.On the upside, an immediate resistance level is at $19,800. It is close to the 61.8% Fib retracement level of the decline from the swing high of $20,182 to the low of $18,924. The next big barrier is located at the $20,000 level. A clear breakthrough over the $20,000 barrier level might start a fresh uptrend. In this scenario, the price could easily break the $20,200 barrier level. The next important level of resistance is at $20,500.If bitcoin fails to break over the $20,200 barrier level, it may begin a new decline. On the downside, there is immediate support at $19,800. It&#39;s around the 61.8% Fib retracement level of the drop from the swing high of $20,182 to the low of $18,924. The next big support level is at $19,300. The key support is at $18,800, below which a significant drop is possible. In the aforementioned scenario, the price may fall towards the $18,200 support.KEY LEVELS :RESISTANCE LEVEL : $20200-$20500SUPPORT LEVEL : $19700-$19300BITCOIN is trading in a rounding bottom pattern and has successfully breached the $20000 barrier. Will Bull drove the rally to $22000. What are your thoughts?

BITCOIN PRICE ANALYSIS CMP-$20000: Will Bitcoin overcome the $20K-$20.5K Crucial Resistance Zone?

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