• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, January 31, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

BTC Price Retraces above $23.6K Support

August 16, 2022
in Blockchain
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

January 31, 2023

Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head – Blockchain News, Opinion, TV and Jobs

January 31, 2023

Bitcoin Faces Stiff Rejection from Overhead Resistance as It Retraces Above $23.6K Support – August 16, 2022

Bitcoin (BTC) price declines as it retraces above $23.6K support. On August 15, buyers pushed the largest cryptocurrency to the high of $25,214 but could not sustain the bullish momentum above it. The crypto has resumed a downward move to the downside. The retracement may subside if it finds support above the moving average lines.

Bitcoin Price Statistics Data:
•Bitcoin price now – $23,823.95
•Bitcoin market cap – $456,178,010,490
•Bitcoin circulating supply – 19,123,237.00 BTC
•Bitcoin total supply – $500,885,908,464
•Bitcoin Coinmarketcap ranking – # 1

Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $25,000, $20,000, $15,000

Buy Bitcoin Now

Your capital is at risk.

Following its rejection at the $25,214 high, Bitcoin has commenced selling pressure. On the upside, BTC price will regain bullish momentum if the crypto retraces and find support above the moving average lines. Nevertheless, if bears break below the 21-day line SMA, the selling pressure will extend to the low of $20,724 or above the 50-day line SMA. Generally, the downtrend will resume if the price breaks below the moving average lines. Meanwhile, BTC’s price is at level 54 of the Relative Strength Index for period 14. It indicates that Bitcoin is in the bullish trend zone and may further rise.

An Optimistic Outlook for Crypto Markets As Scaramouch Highlights Key Factors

Anthony Scaramucci is the Founder and managing partner of Skybridge Capital. He is optimistic about the future of cryptos. His optimism is based on the merge, improving macro indicators such as waning inflation, key business partnerships, and pumping crypto prices as reasons for his opinion. He advises investors to “see through the current environment” and “stay patient and stay long term.”

According to reports, crypto recovery has been slow but steady in the last month. Scaramucci said that the BTC price will have an unprecedented upswing over the next six years.“If we are right, if BTC goes to $300,000 a coin, it will not matter if you bought it at $20,000, or $60,000; the future is upon us; it’s happening sooner than I thought. If you’re out of the market for the ten best days, you’ve reduced your return from a 7.5% return to a 2% return; I don’t want us to start jerking the portfolio based on emotion.”

Bitcoin Price Prediction for Today August 16: BTC Price Retraces above $23.6K Support
BTC/USD – 4 Hour Chart

Meanwhile, on the lower time frame, the BTC price retested the $24,000 overhead resistance on four occasions. On August 15 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that BTC price will fall but reverse at level 1.272 Fibonacci retracement level or $23,627.

Related:
• How to buy Tamagoge
• Visit Tamadoge Website                                        

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now – tamadoge.io

Tamadoge logo


Credit: Source link

ShareTweetSendPinShare
Previous Post

Libdogecoin Protocol Push Developments Of Mobile Apps For The Dogecoin Network: Report

Next Post

Hacks Surge While Scams Decline

Related Posts

Kazakhstan Seeks to Improve Cryptocurrency Trading Framework

January 31, 2023

Kazakhstan, which is home to one of the most significant Bitcoin (BTC) mining operations in the world, has released a...

Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head – Blockchain News, Opinion, TV and Jobs

January 31, 2023

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin continued its comeback over the weekend, as it...

DOGE/USD Needs to Climb Above $0.100 Level

January 31, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The Dogecoin price prediction is currently making...

Elon Musk Plans Crypto Payment On Twitter But In Future: Report

January 31, 2023

Last updated Jan 31, 2023 Tesla’s CEO wants to remain ready to adopt Cryptocurrencies & blockchain technology-based payment services on...

USDC issuer Circle releases accountant-verified report

January 31, 2023

Circle, the company that is responsible for issuing USD Coin (USDC), has made public a report that has been validated...

Load More
Next Post

Hacks Surge While Scams Decline

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Blur Delays Native Token Launch for Two Weeks

January 21, 2023

SDNY launches FTX Task Force to recover funds

January 3, 2023

Terra Classic (LUNC) Rises 20%, Or…

January 11, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Kazakhstan Seeks to Improve Cryptocurrency Trading Framework
  • Silvergate’s ties to FTX face renewed scrutiny from senators
  • Trevor Jones Takes EthBoy London’s Oxford Street

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$22,975.001.18%
  • ethereumEthereum(ETH)$1,578.121.40%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.00-0.01%
  • binancecoinBNB(BNB)$310.901.83%
  • rippleXRP(XRP)$0.4061553.75%
  • binance-usdBinance USD(BUSD)$1.000.02%
  • cardanoCardano(ADA)$0.3864834.53%
  • dogecoinDogecoin(DOGE)$0.09542710.01%
  • matic-networkPolygon(MATIC)$1.102.31%
  • okbOKB(OKB)$37.280.78%
  • solanaSolana(SOL)$23.810.65%
  • staked-etherLido Staked Ether(STETH)$1,571.901.29%
  • polkadotPolkadot(DOT)$6.231.37%
  • shiba-inuShiba Inu(SHIB)$0.0000122.48%
  • litecoinLitecoin(LTC)$93.213.51%
  • avalanche-2Avalanche(AVAX)$19.761.35%
  • tronTRON(TRX)$0.062030-0.01%
  • daiDai(DAI)$1.00-0.01%
  • uniswapUniswap(UNI)$6.542.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,954.001.38%
  • cosmosCosmos Hub(ATOM)$13.332.36%
  • chainlinkChainlink(LINK)$6.910.69%
  • ToncoinToncoin(TON)$2.270.87%
  • leo-tokenLEO Token(LEO)$3.53-1.86%
  • moneroMonero(XMR)$176.690.72%
  • ethereum-classicEthereum Classic(ETC)$21.571.89%
  • AptosAptos(APT)$16.67-2.78%
  • bitcoin-cashBitcoin Cash(BCH)$133.393.22%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0903601.17%
  • apecoinApeCoin(APE)$5.821.38%
  • quant-networkQuant(QNT)$141.061.37%
  • crypto-com-chainCronos(CRO)$0.0785331.70%
  • nearNEAR Protocol(NEAR)$2.311.38%
  • filecoinFilecoin(FIL)$5.193.06%
  • lido-daoLido DAO(LDO)$2.176.76%
  • algorandAlgorand(ALGO)$0.2403541.05%
  • vechainVeChain(VET)$0.0230500.93%
  • internet-computerInternet Computer(ICP)$5.831.70%
  • hedera-hashgraphHedera(HBAR)$0.0644061.66%
  • fantomFantom(FTM)$0.5414.93%
  • decentralandDecentraland(MANA)$0.730.36%
  • axie-infinityAxie Infinity(AXS)$10.750.26%
  • aaveAave(AAVE)$82.332.44%
  • eosEOS(EOS)$1.061.54%
  • the-sandboxThe Sandbox(SAND)$0.731.52%
  • flowFlow(FLOW)$1.058.08%
  • elrond-erd-2MultiversX(EGLD)$42.782.52%