WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • Markets
  • NFTs
  • Blockchain
  • Business
  • DeFi
  • Regulation
  • Policy
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
Crypto Prices
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • Markets
  • NFTs
  • Blockchain
  • Business
  • DeFi
  • Regulation
  • Policy
WebsCrypto
WebsCrypto—News—$20,000 Could Be Important Support Level for Bitcoin
News

$20,000 Could Be Important Support Level for Bitcoin

By WebsCryptoJune 19, 20221 Min Read
$20,000 Could Be Important Support Level for Bitcoin
Facebook Twitter Telegram LinkedIn Reddit Email

Mike McGlone, senior commodities strategist at Bloomberg Intelligence, said recently that Bitcoin’s $20,000 range could act as a new price floor, similar to what the $5,000 range has played in the past few years.

The $5,000 price range provided support for about a year during the 2018 bear market.

In 2020, the $5,000 level has also acted as support, although BTC has briefly broken out of the range several times.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Crypto Cryptocurrency Market
Related News

Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms

The Y00ts NFT Project Will Be Migrated to Polygon on March 27

Dogecoin Foundation Releases Major Update to Libdogecoin Toolkit, Supports BIP-39 Seeds and QR Code Generation

Billionaire Tim Draper: Companies Should Hold Bitcoin After SVB Bankruptcy

Circle CEO Warns of Market Anxiety Over ‘Aggressive Regulatory Action’ in US

Mysten Labs Buys Back Equity and Token Warrants from FTX Assets for $96M

The Latest
News March 26, 2023
Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms
News March 26, 2023
The Y00ts NFT Project Will Be Migrated to Polygon on March 27
News March 26, 2023
Dogecoin Foundation Releases Major Update to Libdogecoin Toolkit, Supports BIP-39 Seeds and QR Code Generation
News March 26, 2023
Billionaire Tim Draper: Companies Should Hold Bitcoin After SVB Bankruptcy
Markets March 24, 2023
Circle CEO Warns of Market Anxiety Over ‘Aggressive Regulatory Action’ in US
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter Instagram LinkedIn Telegram RSS
News
  • Markets
  • Business
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Services
  • About Us
  • Contact Us
  • Advertise
© 2023 WebsCrypto.
  • Privacy Policy
  • Terms of Service

Type above and press Enter to search. Press Esc to cancel.