What Influenced The Bitcoin Traded Price Plunge On June 18?

[BoxTechy]

On June 18, 2022, Bitcoin traded price below $20,000 at just $19,232.3.

This is the lowest Bitcoin trading price reached for the first time since 2020. It was a tumultuous weekend, and bitcoin owners had a particularly hard time. Things have only improved since the start of the week, bouncing back from the decline with a 10% rise to a price above $20,000. Although the trading price is far from the previous one, the upward trend gives everyone hope.

Why Is Bitcoin  Traded Price Falling?

There are many factors that influence bitcoin traded price’s rise and fall, such as the cascading effects of some cryptocurrency-specific events, or thought-provoking, broader macroeconomic issues.

This week, certain factors may also influence the extent of bitcoin traded price’s rise and fall.

Through this article (What Influenced The Bitcoin Traded Price Plunge On June 18?), I got to know more about bitcoin, so what should we do in this particular period?

This is another question.

[Tsunami]

Bitcoin has lower support levels that must be reached before any positive upside, any bounce for now is a bear bounce and Bitcoin is currently trading on weekly bear market, Bitcoin still making lower lows and lower highs, the support levels to be reach before any turnaround can happen is 11200 dollars, this is my analysis that I'm currently sticking with from last year already.

[MongiIG]

8 hours ago, BoxTechy said:

On June 18, 2022, Bitcoin traded price below $20,000 at just $19,232.3.

This is the lowest Bitcoin trading price reached for the first time since 2020. It was a tumultuous weekend, and bitcoin owners had a particularly hard time. Things have only improved since the start of the week, bouncing back from the decline with a 10% rise to a price above $20,000. Although the trading price is far from the previous one, the upward trend gives everyone hope.

Why Is Bitcoin  Traded Price Falling?

There are many factors that influence bitcoin traded price’s rise and fall, such as the cascading effects of some cryptocurrency-specific events, or thought-provoking, broader macroeconomic issues.

This week, certain factors may also influence the extent of bitcoin traded price’s rise and fall.

Through this article (What Influenced The Bitcoin Traded Price Plunge On June 18?), I got to know more about bitcoin, so what should we do in this particular period?

This is another question.

 

1 hour ago, Tsunami said:

Bitcoin has lower support levels that must be reached before any positive upside, any bounce for now is a bear bounce and Bitcoin is currently trading on weekly bear market, Bitcoin still making lower lows and lower highs, the support levels to be reach before any turnaround can happen is 11200 dollars, this is my analysis that I'm currently sticking with from last year already.

Thanks for sharing @BoxTechy and @Tsunami

Bitcoin Price Analysis: BTC/USD Grapples with Support Ahead of FOMC

Jul 4, 2022 | DailyFX
Tammy Da Costa, Analyst

BITCOIN FORECAST:

• Bitcoin remains vulnerable to economic data, FOMC minutes loom
• BTC/USD consolidates between key technical support and resistance
• Cryptocurrency benefit from the US holiday but face a tough week ahead

 

BITCOIN PRICES LACK MOMENTUM AHEAD OF FOMC

After a tumultuous Q2, Bitcoin has entered Q3 with lackluster motion as prices continue to consolidate around the $20,000 mark.

Since the beginning of the year, heightened geopolitical risks and a shift in sentiment (caused by rate hikes, war and a gloomy economic outlook) has weighed on digital assets, driving Bitcoin back towards levels last seen in December 2020.

[Tsunami]

[Tsunami]

Bitcoin Weekly, Displayed from my own AI Algo Created Strategy, More Downside... 

[Tsunami]

Cryptos in my opinion are literally following tech stocks, Nasdaq and Nasdaq has further downside to 9k

[BoxTechy]

22 hours ago, MongiIG said:

 

Thanks for sharing @BoxTechy and @Tsunami

Bitcoin Price Analysis: BTC/USD Grapples with Support Ahead of FOMC

Jul 4, 2022 | DailyFX
Tammy Da Costa, Analyst

BITCOIN FORECAST:

• Bitcoin remains vulnerable to economic data, FOMC minutes loom
• BTC/USD consolidates between key technical support and resistance
• Cryptocurrency benefit from the US holiday but face a tough week ahead

 

BITCOIN PRICES LACK MOMENTUM AHEAD OF FOMC

After a tumultuous Q2, Bitcoin has entered Q3 with lackluster motion as prices continue to consolidate around the $20,000 mark.

Since the beginning of the year, heightened geopolitical risks and a shift in sentiment (caused by rate hikes, war and a gloomy economic outlook) has weighed on digital assets, driving Bitcoin back towards levels last seen in December 2020.

I also agree with you and looked at other cryptocurrencies recently.

Ethereum price has also dropped, which is really sad.