Bitcoin Price Recovers Above $19,000, But Is The Onslaught Over?

Bitcoin Price Recovers Above $19,000, But Is The Onslaught Over?


Bitcoin has been able to regain some of its footings over the last 24 hours after it had fallen to the $18,000 level, taking the entire crypto market down with it. Now, as the Tuesday trading day opens, the digital asset has made its way above $19,000. But despite bitcoin looking to be forming support just above $19,200, questions still abound in the market if this is a false recovery.

Is The Onslaught Over?

Bitcoin’s move above $19,000 has been a 4% increase over the past 24 hours. Given the tendency of the market to form a takeout after such massive losses, the possibility that the downtrend is not over continues to loom over the market. 

However, in the one-week timeframe, the digital asset continues

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