Drop The Info
No Result
View All Result
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions
No Result
View All Result
Drop The Info
No Result
View All Result

Bitcoin price falls below the $20,000 mark

Luneika by Luneika
June 19, 2022
Reading Time: 2 mins read

The price of bitcoin broke the level of $20,000 lower this Saturday, June 18th, which also implies the breaking of a historical pattern for the cryptocurrency in the market. In the early hours of last Saturday, the cryptocurrency even fell to $18,700 for the first time since 2020.

So far this day, the drop in bitcoin is more than 6% compared to the opening of the daily candle this Saturday. However, this week, the cryptocurrency has dropped more than 27% of its market value.

“Bitcoin will never go below 20k again in my lifetime”

Bitcoin: “hold my drink” pic.twitter.com/15i98SjnPz

— Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA) June 18, 2022

YOU MAY LIKE

Fomer United States Marine indicted for choke-holding a person in NY subway

Yevgeny Prigozhin went from Putin’s chef to founder of the mercenary group Wagner

You may also like: Joe Biden has an accident getting off his bike. Check out the video

The $20,000 mark was not just an important psychological mark in the market. It also had great historical value for bitcoin. That level was key because it was the all-time high set in the market cycle prior to the current one, in the 2017 bull run.

Until now, once the all-time high of a previous market cycle had been broken, that mark had never been lost to the downside. Bitcoin is, then, in unknown territory with this new drop in its price.

Furthermore, the cryptocurrency remains below the 200-week moving average, an average that has historically served as a very strong support. Although that average has been broken before.

What’s your Reaction?
0
0
0
0
0
0
0 Shares
Facebook Twitter Whatsapp Messenger Reddit
Share61Tweet38
Luneika

Luneika

Drop The Info

Drop The Info seeks to bring its fans the most and best recent news about the world.

Viral content, cinema, all you can imagine, and not only in english, por que nosotros también hablamos español.

LEGAL

  • About Us
  • Terms & Conditions
  • Cookies
  • Privacy & Policy
  • DMCA
  • Contact Us
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions

© 2023 Drop The Info - Created by MM Group.

No Result
View All Result
  • Home
  • USA
  • WORLD
  • Movies
  • Hollywood
  • Economy
  • Voting
  • About Us
  • Contact Us
  • Terms & Conditions

© 2023 Drop The Info - Created by MM Group.