The Bitcoin price has risen above the $22,000 mark again in the last few hours. Previously, the price fell from over $23,000 to $21,500. A larger drop or even a crash threatened as a result. After the recovery, has the crash been canceled or will we continue to see losses in the coming weeks?
How did Bitcoin Price move in the last few days?
The Bitcoin price recorded a strong increase in January. After rising from $16,500 to over $23,000, the price had to fall back below the $22,000 mark in the last few days. The course lost more than 5 percent in value in the last few days.
In the last 24 hours, however, the Bitcoin price has risen again to a value of over 22,000 dollars. With this increase, the fall of the last few days was stopped and the price was able to recover by a few percent.
Is the Bitcoin crash OVER?
With the increase in the last few hours, the downward trend of the last few days has stopped for the time being. It looked like the market could see another major crash in the coming days. The Bitcoin price was on the way to undercut the $20,000 mark, which could trigger another price slide.
With the rallies over the past few hours, another drop or crash may have been somewhat delayed. There is also the possibility that the market will continue to rise over the next few days and that the Bitcoin price will even attack the resistance at $23,000 again.
Will the Bitcoin price fall below $20,000 soon?
We rather assume that the Bitcoin price could fall below the $20,000 mark again in the coming days or weeks. Such losses are possible because the Bitcoin price seems to be too high at the moment given the circumstances.
In the background, we experience some negative influencing factors. The SEC has fined Coinbase and is now investigating the Paxos platform for offering BUSD. Illegal securities trading is said to be here again. Furthermore, there are still rumors about the Digital Currency Group, the failure of which could even bring the Bitcoin price below $15,000.
CryptoTicker Offer
Are you looking for a chart analysis tool that doesn’t distract you with community messages and other noise? Check out GoCharting ! This is an easy to use online charting tool that requires no downloads or prior knowledge.
Click here to get a 10% discount on your first payment (monthly or yearly)!
