Will BTC Be Able To Reclaim $20k Support Before End Of October?
Will BTC Be Able To Reclaim $20k Support Before End Of October?
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- BTC broke down from the $20,000 – $23,000 range since the previous month.
- Bitcoin is trying to recover its previous range by reclaiming $20,00 and turning it into a support.
- BTC is currently trading at $20,761.73 after a 0.65% drop in price.
The crypto trader and analyst, Rekt Capital, took to Twitter on October 29 to share some details about Bitcoin (BTC) and what the price of the crypto market leader has been doing over the last month.
Bitcoin / US Dollar 1M Source: Coinbase (NASDAQ:COIN)
With the monthly candle close for BTC fast approaching, Rekt Capital elaborated on how BTC broke down from the $20,000 – $23,000 range since the previous month. The post also added that “ there wasn’t much bearish follow-through on the breakdown”.
Rekt Capita concluded the post by stating that BTC is trying to recover its previous range by reclaiming $20,00 and turning it into a support.
Bitcoin / Tether US 1D Source: CoinMarketCap
According to the crypto market tracking website CoinMarketCap, BTC is currently trading at $20,761.73 after a 0.65% drop in price over the last 24 hours. This comes despite the fact that the total crypto market cap is once again above the $1 trillion level.
The crypto market leader was also able to reach a high of $20,988.39 and a low of $20,690.89 over the same time period. Despite the crypto being in the red for the day, BTC is still up more than 8% over the last seven days.
BTC’s 24 hour trading volume is also in the red for today. At the moment, the crypto market leader’s trading volume stands at $38,729,057,484 after a 8.61% drop over the last day. Btc was, however, able to strengthen against its biggest rival, Ethereum (ETH) by about 0.01% over the last 24 hours.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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