Bitcoin course on a descent: Will there be another crash in the direction of $ 20,000?

Von Krypto News Österreich

Der Bitcoin Kurs hat in den letzten Wochen Schwierigkeiten, weitere Anstiege zu verzeichnen. Nachdem er vor einigen Tagen kurzzeitig über 31.000 Dollar angestiegen war, fiel der Kurs wieder leicht ab und bewegt sich derzeit um die Marke von 30.000 Dollar. Momentan wartet der Markt auf ein positives Signal, das einen Ausbruch aus der Seitwärtsbewegung ermöglichen könnte. Die Frage, ob es zu einem erneuten Crash in Richtung 20.000 Dollar kommen wird, steht im Raum. In den letzten Wochen konnte der Bitcoin Kurs die Marke von 30.000 Dollar überschreiten. Doch nach diesem Anstieg hat sich der Kurs stabilisiert und bewegt sich seitdem …
The Bitcoin course has had difficulties in recording further climbs in the past few weeks. After he had risen over $ 31,000 a few days ago, the course dropped slightly again and is currently around $ 30,000. At the moment, the market is waiting for a positive signal that could enable an outbreak from the sideways movement. The question of whether there will be another crash in the direction of $ 20,000 is in the room. In the past few weeks, the Bitcoin course has exceeded the $ 30,000 mark. But after this increase, the course has stabilized and has been moving since then ... (Symbolbild/KNAT)

The Bitcoin course has had difficulty in recent weeks to record further climbs. After he had risen over $ 31,000 a few days ago, the course dropped slightly again and is currently around $ 30,000. At the moment, the market is waiting for a positive signal that could enable an outbreak from the sideways movement. The question of whether there will be another crash in the direction of $ 20,000 is in the room.

In the past few weeks, the Bitcoin course has exceeded the $ 30,000 mark. But after this increase, the course has stabilized and has only moved sideways since then, in a framework between $ 30,000 and $ 31,000.

The Bitcoin course has tried several times to break the resistance at $ 31,000 sustainably. However, this resistance in the past few days and weeks has prevented the course from breaking out. An increase towards $ 35,000 would theoretically be possible, but the resistance so far seems to be too strong.

The likelihood of a crash increases the longer the course is in a sideways movement. Due to the ongoing pressure in the market, an outbreak of the course is becoming increasingly likely. However, since the Bitcoin course has been rejected several times on the resistance, the likelihood of another waste of the course in the direction of $ 25,000 or even $ 20,000 increases. Most recently, such a crash was considered unlikely, since the sentiment on the market was rather bullish due to the requested Bitcoin ETFs of the great asset managers. Nevertheless, the Fear & Greed Index fell from 63 to 56.

At the moment, the development of the Bitcoin course does not seem to be of great concern. The support at $ 30,000 looks extremely strong and many investors are waiting for the decision regarding Bitcoin ETFs. If approval is given, a course explosion could occur. Even in the event of a drop in the support, a decline in the direction of $ 20,000 seems rather unlikely. Despite problems with the FTX disaster and the indictment against Binance, the Bitcoin has recovered well and was able to fortify itself. An outbreak up, towards $ 40,000, is still likely.

Although the Bitcoin course is currently confronted with challenges, it remains attractive for many investors. If you want to invest in Bitcoin now, you can buy Bitcoin from Etoro.

NOTE: This article only serves for information purposes and does not represent investment advice. The trade in cryptocurrencies carries a high risk and can lead to the loss of the capital used.