Bitcoin support levels - $20,400 and $20,000 strong Support
Bitcoin resistance $20,900 and 21,200 strong resistance
Trade with risk management accordingly to this update because market depends upon Bitcoin movement.
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BTC (4h)
Price re-tested previous high and is bouncing off, as long as we hold above $20350 the priority is upwards.
Bitcoin managed to close its first green monthly candle since July. Bitcoin Holding above support level of $20,000 which was previously working as a resistance .
Last November, Bitcoin reached its current peak of $69,000. Bitcoin is still down a staggering 70.27% from its record peak.
Tomorrow is FOMC meeting and we will see volatility in the market
Trade carefully and manage risk according to mentioned support and resistance levels.
The global crypto market cap is $1.02T, a 0.70% decrease over the last day.
The total crypto market volume over the last 24 hours is $85.90B, which makes a 17.07% increase. The total volume in DeFi is currently $3.64B, 4.24% of the total crypto market 24-hour volume. The volume of all stable coins is now $78.59B, which is 91.49% of the total crypto market 24-hour volume.
Bitcoin dominance is currently 38.63%, a decrease of 0.05% over the day.