Skip to content Skip to footer

Bitcoin Price (BTC USD) Tumble Brings $19400 Support Level Into Focus: Chart – Bloomberg


Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.
Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news.
In West Texas, vast quantities of methane, a powerful greenhouse gas, are leaking into the atmosphere. Specialized cameras that can detect the invisible pollutant are helping to expose the problem.
Goldman Staff Outpace Credit Suisse in Return to Office
Rising Global Food Protectionism Risks Worsening Inflation Woes
Here’s Snap CEO Evan Spiegel’s Internal Memo to Staff in Full
Social Media Stocks Set to Erase $100 Billion on Snap Warning
Zoom Jumps on Sales Forecast, Signaling Success of New Products
Putin Opponent Navalny Loses Appeal Over New 9-Year Prison Term
Pakistan Decides to Bar Ousted PM Imran Khan’s Sit-in Protest
China’s $16 Trillion Cash Hoard Shows Deepening Household Gloom
Bill Hwang Ordered to Turn Over Passport After Release on $100 Million Bond
Defending Stanley Cup Champion Lightning Back in East Finals
Two Keys to a Good Night’s Sleep While Traveling, and Other Tips
Earnings Math Catches Up With the Tech Highflyers
Lagarde Gives the Dollar What It Needed — a Peak
Good Times for the Consumer Economy Come to an End
Open With Care: That Next Power Bill Could Shock You
A Better Way to Fund the Fight Against Superbugs
The Thrill of Better Office Wi-Fi
Indonesia Summons UK Ambassador to Protest Rainbow Flag
US Births Rise for First Time Since 2014; Black Women Saw Drop
Tesla Blocked From Shunting Sex Harassment Suit into Arbitration
BOE Says Climate Transition Will Cost Finance System Billions
Maybe There’s No Such Thing as an ESG Stock
NYC Says Its Final Goodbye to the Pay Phone
Is It Time to Stop Burning Our Garbage?
Here’s the Latest Ranking by City of Baby Formula Shortages
Crypto Shows All the Signs of Financial Stability Risk, ECB Says
Wall Street Bank Lobby Lines Up Against a US Digital Dollar
IMF’s Georgieva Urges Against Abandoning All Crypto After Terra’s Crash

Bitcoin could be in for more pain if it takes another leg down, based on a so-called point and figure analysis. Another 10% drawdown (as marked by red o’s) would drag it below the recent support zone (highlighted by the parallel white lines). If that happens, the next level of support is were the 2017 bull market topped out (dotted purple line) — or around $19,400
Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.

source

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Leave a comment

0/5