fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, May 31, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

This is When Bitcoin (BTC) & Ethereum (ETH) Price Could Break $20,000 & $1000

June 15, 2022
in Crypto News
Reading Time: 2 mins read
A A
This is When Bitcoin (BTC) & Ethereum (ETH) Price Could Break $20,000 & $1000
ShareShareShareShareShare

Bitcoin & Ethereum prices yet again successfully defended their respective crucial zones at $20,000 & $1000. The assets are currently undergoing huge bearish pressure which is being challenged by the bulls often to maintain the support levels. However, similar to what had happened with $30,000 support levels, similar price action may be replicated as these levels may also bow down to bears very soon. 

Sometime before, the BTC price was holding $30,000 price levels for nearly a month. However, the Celsius Network crisis created immense upward pressure that compelled the price to dive deep into a bearish well. No doubt, the asset has defended the $20,000 levels a couple of times, but eventually after the support zone losses its strength, the asset tends to tank down hard. 

One of the popular analysts here pens down that why the $20,000 and $1000 levels may not be held for a long time.

I really doubt 20k and 1k will hold for long.

-Supply keeps coming into several exchanges.
-OI keeps building up.
-No demand.

How low we will go after those levels break? Well, $18k is good htf support, but we want to see bullish reaction there. Altcoins will show us the way.

— il Capo Of Crypto (@CryptoCapo_) June 15, 2022

The analyst here lists 3 main points that could fuel the BTC price plunge below $20,000 soon. As the market currently is pretty bearish, the traders could keep on placing their sell orders with just a minor spike. On the other hand, the Open Interest (OI) may keep on building which indicates the present trend may be continued ahead. And moreover, a continued trend may eventually kill the demand in the market. 

On the other hand, the previous BTC highs just below $20,000 remain unattended for quite a long time. The asset sliced through these levels in Q4 2020 and maintained a strong upswing without a correction or retracement. Therefore, the possibility of revisiting these levels piercing through $20,000 is extremely high. And hence in such conditions the lower support at $18,000 may hold the BTC price for some time. 

Similar price action may be speculated for the Ethereum(ETH) price where it may soon bow down to bears losing the $1000 support levels. Therefore, if Bitcoin’s (BTC) price losses it’s previous ATH at $19,696, then ETH’s price may also slide down below $800 to hit $750 levels soon. 

Was this writing helpful?


Credit: Source link

Related articles

Aurora Conference to unite global tech leaders in Helsinki

Aurora Conference to unite global tech leaders in Helsinki

May 31, 2023
Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit

Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit

May 31, 2023
ShareTweetSendPinShare
Previous Post

Do Kwon’s Wallet was Not Behind the Depegging of TerraUST

Next Post

Cryptocurrency Regulation Is Unavoidable & Not Necessarily a Bad Thing for Investors | by Stephen Dalton | Jun, 2022

Related Posts

Aurora Conference to unite global tech leaders in Helsinki

Aurora Conference to unite global tech leaders in Helsinki

May 31, 2023

It’s time for Nordics to join the global Web3 community and come together at Aurora Conference. Aurora is the first-of-its-kind...

Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit

Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit

May 31, 2023

The shifting sands of the legal landscape in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission...

Nansen Lays Off 30% Of Workforce

Nansen Lays Off 30% Of Workforce

May 31, 2023

In a move to streamline operations and reduce expenses, blockchain analytics firm Nansen has announced a significant reduction in its...

Litecoin (LTC) Achieves Massive Milestone as Anticipation Builds for Halving Event and Potential Price Surge

Litecoin (LTC) Achieves Massive Milestone as Anticipation Builds for Halving Event and Potential Price Surge

May 31, 2023

Litecoin (LTC) is experiencing massive network growth as key players brace themselves for the upcoming Litecoin halving.  Halving is expected...

IOST partners with Web3Hub in Hong Kong

IOST partners with Web3Hub in Hong Kong

May 31, 2023

IOST has announced its strategic partnership with Hong Kong Web3Hub. The objective of the collaboration is to further strengthen the...

Load More
Next Post
Cryptocurrency Regulation Is Unavoidable & Not Necessarily a Bad Thing for Investors | by Stephen Dalton | Jun, 2022

Cryptocurrency Regulation Is Unavoidable & Not Necessarily a Bad Thing for Investors | by Stephen Dalton | Jun, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BAYC and Apecoin utility can’t compare to Avorak and their NFTs

BAYC and Apecoin utility can’t compare to Avorak and their NFTs

May 28, 2023
How I Preserve My Wealth With Bitcoin

How I Preserve My Wealth With Bitcoin

May 27, 2023
How Bitcoin Can Preserve The Life Savings Of Refugees

How Bitcoin Can Preserve The Life Savings Of Refugees

May 28, 2023
June 2023 Price Prediction for PLS

June 2023 Price Prediction for PLS

May 30, 2023
Bank Of Japan Completes Second Stage Of CBDC Program

Bank Of Japan Completes Second Stage Of CBDC Program

May 30, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Aurora Conference to unite global tech leaders in Helsinki
  • Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit
  • How Do Regulations Affect the Cryptocurrency Market? – Block Telegraph
  • ‘Zero’ Tokens Burned in 24-Hour Period
  • Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$26,967.00-2.55%
  • ethereumEthereum(ETH)$1,860.75-2.08%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.29%
  • binancecoinBNB(BNB)$305.75-1.90%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • rippleXRP(XRP)$0.51-1.94%
  • cardanoCardano(ADA)$0.371578-1.61%
  • staked-etherLido Staked Ether(STETH)$1,859.32-2.00%
  • dogecoinDogecoin(DOGE)$0.071299-1.53%
  • matic-networkPolygon(MATIC)$0.89-0.69%
  • solanaSolana(SOL)$20.54-2.04%
  • tronTRON(TRX)$0.075642-1.11%
  • polkadotPolkadot(DOT)$5.29-2.79%
  • litecoinLitecoin(LTC)$88.94-3.28%
  • binance-usdBinance USD(BUSD)$1.00-0.09%
  • shiba-inuShiba Inu(SHIB)$0.000008-4.17%
  • avalanche-2Avalanche(AVAX)$14.04-2.86%
  • daiDai(DAI)$1.00-0.17%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,010.00-2.51%
  • uniswapUniswap(UNI)$5.03-2.13%
  • chainlinkChainlink(LINK)$6.45-1.84%
  • leo-tokenLEO Token(LEO)$3.51-0.16%
  • cosmosCosmos Hub(ATOM)$10.47-3.26%
  • okbOKB(OKB)$45.52-3.41%
  • ToncoinToncoin(TON)$1.85-0.58%
  • moneroMonero(XMR)$146.91-4.52%
  • ethereum-classicEthereum Classic(ETC)$17.93-1.87%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0904630.96%
  • bitcoin-cashBitcoin Cash(BCH)$112.42-1.91%
  • true-usdTrueUSD(TUSD)$1.000.06%
  • internet-computerInternet Computer(ICP)$4.65-3.78%
  • filecoinFilecoin(FIL)$4.65-2.84%
  • lido-daoLido DAO(LDO)$2.09-3.93%
  • quant-networkQuant(QNT)$115.131.64%
  • AptosAptos(APT)$8.24-2.67%
  • hedera-hashgraphHedera(HBAR)$0.051294-2.84%
  • crypto-com-chainCronos(CRO)$0.059495-1.09%
  • vechainVeChain(VET)$0.020357-2.07%
  • ArbitrumArbitrum(ARB)$1.15-6.54%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.55-3.54%
  • the-graphThe Graph(GRT)$0.1335142.69%
  • apecoinApeCoin(APE)$3.13-2.15%
  • algorandAlgorand(ALGO)$0.147182-2.56%
  • paxos-standardPax Dollar(USDP)$1.000.31%
  • fraxFrax(FRAX)$1.000.01%
  • EdgecoinEdgecoin(EDGT)$1.00-0.07%
  • the-sandboxThe Sandbox(SAND)$0.53-4.08%