After posting a double-bottom pattern last week, Bitcoin failed to show any signs of a bullish breakout but, instead, fell into a sideways pattern as it has done for several weeks.
The benchmark cryptocurrency has maintained a $1K price range between $18.5K to $19.5K although it has consistently recorded lower highs in the past few days. With the market outlook showing little to no signs of a bullish relief anytime soon, BTC bears could take another shot at $18K and possibly lower.
Meanwhile, my resistance levels are at $19,600, $20,000, and $20,500, and my key support levels are at $18,500, $18,000, and $17,500.
Total Market Capitalization: $926 billion
Bitcoin Market Capitalization: $362.1 billion
Bitcoin Dominance: 39.1%
Market Rank: #1
The benchmark cryptocurrency has maintained a $1K price range between $18.5K to $19.5K although it has consistently recorded lower highs in the past few days. With the market outlook showing little to no signs of a bullish relief anytime soon, BTC bears could take another shot at $18K and possibly lower.
Meanwhile, my resistance levels are at $19,600, $20,000, and $20,500, and my key support levels are at $18,500, $18,000, and $17,500.
Total Market Capitalization: $926 billion
Bitcoin Market Capitalization: $362.1 billion
Bitcoin Dominance: 39.1%
Market Rank: #1