Bitcoin Price Analysis — July 17
BTC rode on the wave of an Ethereum (ETH) yesterday, sending the benchmark cryptocurrency to the 21.7K range top. Not surprisingly, the cryptocurrency lacked the momentum to continue above the range, warranting a correction to the 21K mark.
That said, Bitcoin remains on course for a rebound from 21K as sentiment across the market brightens. However, the primary cryptocurrency needs a decisive break above the 22K barrier to stall or negate the overwhelming bearish bias in the near term.
Meanwhile, my resistance levels are at $21,700, $22,000, and $23,000, and my key support levels are at $21,000, $20,000, and $19,000.
Total Market Capitalization: $964.9 billion
Bitcoin Market Capitalization: $404.5 billion
Bitcoin Dominance: 41.9%
Market Rank: #1
That said, Bitcoin remains on course for a rebound from 21K as sentiment across the market brightens. However, the primary cryptocurrency needs a decisive break above the 22K barrier to stall or negate the overwhelming bearish bias in the near term.
Meanwhile, my resistance levels are at $21,700, $22,000, and $23,000, and my key support levels are at $21,000, $20,000, and $19,000.
Total Market Capitalization: $964.9 billion
Bitcoin Market Capitalization: $404.5 billion
Bitcoin Dominance: 41.9%
Market Rank: #1
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