USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MVR

MWK

MXN

MYR

MZN

NAD

NGN

NIO

NOK

NPR

NZD

OMR

PAB

PEN

PGK

PHP

PKR

PLN

PYG

QAR

RON

RSD

RUB

RWF

SAR

SBD

SCR

SDG

SEK

SGD

SHP

SLL

SRD

SSP

STD

STN

SVC

SYP

SZL

THB

TJS

TMT

TND

TOP

TRY

TTD

TWD

TZS

UAH

UGX

UYU

UZS

VES

VND

VUV

WST

ZAR

ZMW

ZWL

NewsBTC 2022-08-26 01:00:12

Does Bitcoin Price Show Signs Of Reversal After Trading Laterally?

Bitcoin price noted a sharp decline after the bulls were rejected at the $24,000 price mark a few days ago. Over the past week, the coin depreciated 7.6%. In the last 24 hours, Bitcoin price barely noted any movement. This indicated that the coin was trading within a consolidated price range. The bulls are trying to re-enter the market but selling strength continues to increase. The coin however has managed to keep the price above the $21,000 support level. The technical outlook for Bitcoin has turned mixed, meaning there could be signs of reversal over the next trading session. For a price reversal to successfully take place, buyers have to return to the market. BTC needs to soar past its immediate price ceiling of $22,000, else, a move to $20,000 will be incoming shortly. Demand for the coin has been low at higher levels and as long as that’s the case, BTC will continue to witness resistance. Bitcoin Price Analysis: Four-Hour Chart BTC was trading for $21,600 at the time of writing. The coin has been moving upwards however, over the past immediate trading sessions the coin was moving sideways. There could be a tough resistance at the $22,000 mark, once broken past that, Bitcoin price might be able to get back on a bullish track. Local support for the coin was at $21,000. A fall from that price mark will push BTC down to $20,000 first and then to $19,000. It is crucial for buying strength to return on the chart for Bitc...