Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Bitcoin ‘very bearish’ below $22.5K, says trader as BTC price dives 6%

Published 08/19/2022, 03:53 AM
Updated 08/20/2022, 06:00 AM
Bitcoin ‘very bearish’ below $22.5K, says trader as BTC price dives 6%

Bitcoin (BTC) fell rapidly on Aug. 19 as the culmination of a week’s sideways action ended in disappointment for bulls.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped 6.2% in a single hourly candle.

BTC/USD 1-week candle chart (Bitstamp) with 200-week moving average. Source: TradingView
Bitcoin exchange outflows chart. Source: CryptoQuant
ETH/USD 1-day candle chart (Binance). Source: TradingView

Continue Reading on Coin Telegraph

Latest comments

"crypto chase" what a joke
Keep an eye on the major stock holders of companies pushing bitcoin news. Want to bet they end up with major bitcoin holdings once ii's price drops into the toilet? Want to bet once they gobble up all that cheap bitcoin 'eureka good news' will be all the media blasts you with then?
I thought this was well known
Says "trader" lol. Who gives a. F?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.