The cryptocurrency market took another dive yesterday and prices are on the decline. Bitcoin (BTC) fell below $19,000 again. Today, however, BTC has recovered somewhat and is currently trading at $20,000. Cryptocurrency market is losing value as the US dollar continues to show incredible strength. The strength of the dollar is destroying other global currencies, including the British pound. It also hurts the market for risky assets like cryptocurrencies. Meanwhile, the Fed maintains its hawkish stance against inflation. The biggest reason why the dollar is strong is quantitative tightening. Global economies are also preparing for recession as the FED continues to underestimate the slowdown in the economy.
The chart of the week and levels for BTC, DOGE, ETH and XRP are out!
In the current market environment, can the Bitcoin price now rise above $21-25k again? this is the most basic question on the minds of investors… How will the market behave in general this week, will the downtrend continue and what awaits us? What is next in BTC and popular altcoins, what levels can be seen and monitored is now a matter of curiosity…
Famous analyst Mehmet Shepherd, cryptocoin.com commented on Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Dogecoin (DOGE) prices and charts for its readers. In the video above, you will find weekly charts for BTC, ETH, XRP and DOGE, support and resistance levels, historical points to watch carefully and information that will contribute to your investment decisions. Technical analysis and chart reading are an investment method used by many professionals and analysts. Therefore, we recommend that you carefully watch our weekly analysis video. We wish you a good time…
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