BEAMSTART Logo

Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future

Coin Telegraph LogoCoin Telegraph1 mo ago

Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future

Quick Summary AI Powered

BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests.

The overall cryptocurrency market cap now stands at $897 billion and Bitcoin’s dominance rate is 42.7%.

If $BTC were to drop an extra -20% soon, price would reach ~$16,400.


More Pictures


or

Article Details

Author / Journalist: Cointelegraph By Jordan Finneseth

Category: Crypto

Topics: Markets Cryptocurrencies Market Update BTC Markets Bitcoin Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 01:21:59

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 3 minutes read

Article Length: 472 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 21377

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.