Bitcoin

Bitcoin’s market dominance falls below 50%, and its price drops below the 200-day moving average. Will Bitcoin reach $20,000 or $30,000?<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8b485fd9a7144448aeec0e34ecf9565c.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://docs.google.com/forms/d/e/1FAIpQLSciKgFf70x1zJQZ2nukipsu8lX_21zHvrPbxPTMdmTmEC-CJg/viewform" rel="noopener noreferrer nofollow">Join Now</a>Bitcoin’s price has plunged by 10%, dropping from $29,000 to under $25,000. This happened due to a bearish divergence formation and the <a href="https://cryptosheadlines.com/bitcoin-poised-for-13-drop-to-24750-in-key-pattern-completion/" rel="noopener noreferrer nofollow">completion of a Double Top pattern</a>.The dominance of <a href="https://cryptosheadlines.com/crypto-market-crashes-as-bitcoin-breaks-key-price-indicator/" rel="noopener noreferrer nofollow">Bitcoin in the crypto market</a> has fallen below 50%, and its price is now trading below a significant moving average called the 200-weekly moving average. At the same time, the crypto fear and greed index, which measures <a href="https://cryptosheadlines.com/bitcoin-witnessing-third-week-of-outflows-suggesting-negative-market-sentiment/" rel="noopener noreferrer nofollow">market sentiment</a>, has fallen from a neutral score of 50 to a fearful score of 37 in just one day.<blockquote>This has raised concerns about whether the price of Bitcoin might crash to $20,000.</blockquote><h3 id="prominent-analyst-rejects-possibility-of-bitcoin-plunge-below-25-000">Prominent Analyst Rejects Possibility of Bitcoin Plunge Below $25,000:</h3>On August 18, CrediBULL Crypto shared an insight on X, noting a crucial detail that many overlooked during the recent crypto market decline. CrediBULL believes that Bitcoin (BTC) will <a href="https://cryptosheadlines.com/shiba-inu-surpasses-ethereum-and-dogecoin-in-u-s-popularity/" rel="noopener noreferrer nofollow">surpass Ethereum</a> (ETH) and most other altcoins in the upcoming months to achieve a new all-time high. <a href="https://cryptosheadlines.com/bitcoin-btc-price-predictions-20k-or-30k-most-popular-expert-views/" rel="noopener noreferrer nofollow">Read More...</a>

Bitcoin (BTC) Price Predictions: $20K or $30K? Most Popular Expert Views

Table of Contents

CryptosHeadlines.com

Other articles published on Aug 18, 2023

Shocking $1 Billion in Crypto Liquidated on Market Following Massive Correction

Katie Stockton and Three Other Technical Analysts Share Their Views on What Will Follow Bitcoin’s...

Litecoin: The Silver To Bitcoin’s Gold

VZ Stock Price Prediction: Will Verizon Communications Break the $32 Level?

Evolving Trends in Meme Coins: Exploring Pepe Meme Coin, Shiba Inu, and Big Eyes Infinity

Investor Stuck In The Last Drop Lost $55M In Ethereum!

Join our free newsletter for daily crypto updates!