Join Our Telegram channel to stay up to date on breaking news coverage
Bitcoin Fluctuates Above $20K as BTC Price Is Stuck Below 22K – June 23, 2022
BTC/USD has continued its sideways move as BTC price is stuck below 22K. Since June 18, the BTC price has been fluctuating below the $22,000 resistance zone. The largest cryptocurrency has failed to rebound.BTC /USD is trading at $21,048.70 at the time of writing.
Bitcoin Price Statistics Data:
•Bitcoin price now – $21,061.04
•Bitcoin market cap –$401,740,926,493
•Bitcoin circulating supply – 19,075,418.00 BTC
•Bitcoin total supply – $442,405,691,498
•Bitcoin Coinmarketcap ranking – # 1
Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $30,000, $25,000, $20,000
Today, Bitcoin’s (BTC) price is rising to revisit the $22,000 resistance zone. since June 21, the bulls have failed to break above the $22,000 resistance zone. On June 21, the BTC price was repelled at the high of $21,675 with a long candlestick wick. The long candlestick wick suggests that the region is a strong selling point. The bears sold at the recent high as the cryptocurrency fell to the low of $19,730. Today, buyers are pushing Bitcoin to the $22,000 resistance zone. The resistance zone could only be overcome if BTC’s price rebounds above the $20, 000 support. A price rebound will break the $22,000 resistance zone. The bullish momentum will propel Bitcoin to rally to the $30,000 psychological price level. Nonetheless, uninterrupted fluctuations above the $20,000 support will cause Bitcoin to decline to the previous low.
The University of Cincinnati (UC) In Ohio, Introduces Cryptos Into Educational Curriculum
The University of Cincinnati (UC) in Ohio, United States, has even recognized courses around cryptocurrency as part of its curriculum. The projects are being funded by Dan Kautz and Woody (Woody) Uible, who will provide them through the UC’s Carl H. Lindner College of Business. According to reports, the students will be taught about Bitcoin and other digital currencies. Dean Marianne Lewis, Ph.D., stated that students will be able to obtain hands-on, practical learning in the new field of financial technology, adding that: “Our students will learn how to manage cryptocurrencies and how such digital assets impact our economy, positioning UC as the regional leader and among the top universities nationally with this kind of program.”
Meanwhile, Bitcoin risks further decline as BTC price is stuck below 22K. The upward move is hindered at $21,179. Meanwhile, on May 13 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that BTC will fall to level 1.618 Fibonacci extension or $16,647.76.
Read more:
Join Our Telegram channel to stay up to date on breaking news coverage
