Bitcoin Price Struggles At $19,000, Bears To Continue Dominating?

Bitcoin Price Struggles At $19,000, Bears To Continue Dominating?


Bitcoin price plummeted consistently after it breached the $20,000 mark. Over the last 24 hours, the Bitcoin has registered very little movement.

In the past week, BTC lost close to 16% of its value. BTC quickly attempted to recover from the $19,000 price mark on its chart.

However, the bulls couldn’t defend that price mark. The closest support line for the Bitcoin price was $18,000. Bitcoin has been on a consistent downtrend over the past few months.

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The technical outlook of the coin pointed towards increased bearish strength.

Selling pressure continued to exceed buying strength on the one-day chart. The $20,000 price mark will prove to be a strong resistance mark.

$20,000 is the key resistance mark for the Bitcoin price. Increased buying power may

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