Breaking: Bitcoin (BTC) Price Dips Below $19,000, Increasing the Risk of a Sell-Off

2022-10-11 17:09

Bitcoin (BTC) price appears to be losing the $19,000 support level. On-chain data shows that this downswing could encourage investors to exit their long positions, triggering a sell-off.

IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model shows that Bitcoin price dropped below a crucial demand barrier. More than 1.74 million addresses had previously purchased nearly 880,000 BTC at an average price of $19,240. These addresses could soon start selling some of their holdings to avoid incurring significant losses.

A spike in selling pressure around the current levels could trigger a steep correction as the IOMAP shows little to no support below Bitcoin price. In fact, the next considerable support area sits around $16,000.

Source: IntoTheBlock

Bitcoin price must reclaim $19,240 as support as soon as possible to avoid a brutal sell-off. Moving back above this pivotal point could give BTC the strength to rebound to $20,000 or higher.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here

The post Breaking: Bitcoin (BTC) Price Dips Below $19,000, Increasing the Risk of a Sell-Off appeared first on BeInCrypto.

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

sell-off bitcoin btc price breaking dips risk

Источник: beincrypto.com

sell-off bitcoin → Результатов: 126


Bitcoin Decouples from Gold, Stocks after Overnight Sell-Off, What’s Next?

Bitcoin did its own thing during the late Monday trading session. The benchmark cryptocurrency plunged suddenly towards $10,600 after maintaining intraday gains above the $10,800-support all day. The sell-off appeared despite a healthier macroeconomic outlook led by signs of progress in the release of the second COVID-19 stimulus package.

2020-9-29 08:14


Фото:

Tether Treasury Prints 63 Million USDT As Bitcoin Crashes Below $6,000; Relief In Sight?

The crypto markets have continued sliding on the second day, with bitcoin (BTC) dropping below $6,000 amid a global market downturn caused by the gruesome coronavirus. The sell-off in the stock markets intensified after President Trump announced a 30-day suspension of travels from Europe to the United States starting from this Friday at midnight. Bitcoin, […]

2020-3-13 16:40


Фото:

Why Analysts Expect More Upside After Bitcoin Just Broke $10,000 (Again)

Over the past 36 hours, Bitcoin has finally started to show signs of strength after the brutal 10% sell-off earlier this week. From the week’s most traded price at $9,600, the cryptocurrency has pressed higher to $10,000 as of the time of writing this, seemingly to establish a short-term candle close above this crucial psychological level.

2020-2-24 03:37


Bitcoin bulls defend against massive selling pressure; how long will they sustain?

Bitcoin’s recent sell-off was further perpetuated by bears last night when they garnered enough strength to push BTC back down to its key short-term support level that currently exists at $8,500. The cryptocurrency’s bulls have been able to defend this level over the past 24-hours and have begun to gain some upwards momentum as they […] The post Bitcoin bulls defend against massive selling pressure; how long will they sustain? appeared first on CryptoSlate.

2020-1-21 14:10


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What determines Bitcoin’s price?

Bitcoin’s price is influenced by a mix of factors, including supply and demand dynamics, mining costs, regulatory developments, market sentiment and more.