{"id":31324,"date":"2022-06-30T13:33:40","date_gmt":"2022-06-30T17:33:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=31324"},"modified":"2022-06-30T13:33:46","modified_gmt":"2022-06-30T17:33:46","slug":"bitcoin-btc-recovers-from-18000-range-now-back-at-19000","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-btc-recovers-from-18000-range-now-back-at-19000\/","title":{"rendered":"Bitcoin (BTC) Recovers From $18,000 Range, Now Back At $19,000"},"content":{"rendered":"\n

Bitcoin (BTC<\/a>) briefly broke into the $18,000 range before slightly recovering back to the $19,000 mark as the crypto market remains unstable<\/p>\n\n\n\n

\"\"
BTC Recovers From $18,000 Range, Now Back At $19,000<\/figcaption><\/figure>\n\n\n\n

Bitcoin is Red<\/h2>\n\n\n\n

On the cryptocurrency market, Bitcoin<\/a> is performing poorly for the fifth day in a row, losing over 12% of its value in a week, which caused a plunge below $19,000\u2014a price we last saw on June 19.<\/p>\n\n\n\n

Another component of the outflow and selling pressure from traders and investors who bought BTC at the local bottom of $17,600 back on June 18 was fueled by a lack of buying power, sustaining risk on the cryptocurrency market, and a lack of strong “buy” signals.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

Contrary to bullish forecasts in cryptocurrency forums, technical indicators for Bitcoin indicate that the local bottom has not yet been reached and that the first cryptocurrency may yet decline lower.<\/p>\n\n\n\n

A Positive Surprise<\/h2>\n\n\n\n

According to inflows into Bitcoin futures and funds that specialize in shorting the digital gold, the bulk of market participants are currently anticipating Bitcoin's further retreat back to the $17,000 level. However, Bitcoin may surprise us.<\/p>\n\n\n\n

A short squeeze could occur for Bitcoin traders due to the market's extreme tilt to one side. This would result in a sharp increase in the price of Bitcoin and enormous losses for bears<\/a>. <\/p>\n\n\n\n

Unfortunately, for a short squeeze to occur, BTC will have to deal with enormous money inflows that will cover the majority of short orders and then trigger a chain reaction of market liquidations.<\/p>\n\n\n\n

As of the time of publication, the overall volume of BTC is still at a low level, indicating that neither bulls nor bears are interested in trading the spot asset and would prefer to avoid the volatile market.<\/p>\n\n\n\n

At the time of writing, Bitcoin (BTC) was trading at $19,070. Will the largest cryptocurrency recover above the $19K mark or fall back to the $18,000 range?<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) briefly broke into the $18,000 range before slightly recovering back to the $19,000 mark as the crypto market remains unstable Bitcoin is Red On the cryptocurrency market, Bitcoin is performing poorly for the fifth day in a row, losing over 12% of its value in a week, which caused a plunge below $19,000\u2014a […]<\/p>\n","protected":false},"author":29,"featured_media":31327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[76],"tags":[5371,5561],"class_list":["post-31324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-price","tag-bitcoin-2","tag-btc-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-243.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/31324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=31324"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/31324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/31327"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=31324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=31324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=31324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}