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Bitcoin Price Prediction for Today, October 23: BTC Price Slumps to $19K

Bitcoin Price Prediction for Today, October 23: BTC Price Slumps to $19K
Bitcoin Price Prediction for Today, October 23: BTC Price Slumps to $19K

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Bitcoin Turns Down from the Recent High as BTC Price Slumps to $19K – October 23, 2022

Bitcoin rebounds but is unable to overcome the recent high as BTC Price slumps to $19K. However, the BTC/USD price is struggling to break the 50-day line at the time of writing. The current push is approaching the overbought region of the market. Incidentally, this will affect the current uptrend.

Bitcoin Price Statistics Data:
•Bitcoin price now – $19,459.79
•Bitcoin market cap – $373,356,779,902
•Bitcoin circulating supply – 19,187,793.00 BTC
•Bitcoin total supply – $408,436,724,210
•Bitcoin Coinmarketcap ranking – # 1

Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $25,000, $20,000, $15,000

On October 23, the BTC price made a positive move as it broke above the moving average lines. The current bullish momentum is inconclusive as the BTC price is stuck at the 50-day line SMA. Buyers are having some difficulty in the current uptrend as the market reaches the overbought region. On the upside, if buyers overcome the initial resistance at $19,900, Bitcoin will rise to $20,400. The uptrend will continue to the previous high of $22,000 if the bulls clear the $20,400 hurdle. Conversely, if BTC price turns down from the 50-day line SMA, Bitcoin will decline and resume its range-bound move between $18,800 and $19,900 price levels. Today, BTC/USD is trading at $19,459 and between the moving average lines.

Spain is the third-largest crypto ATM center as it overtakes El Salvador

After the United States and Canada, Spain is the official home of the third-largest network of Bitcoin and cryptocurrency ATMs. El Salvador, which has 212 crypto ATMs, has fallen to fourth place as Spain, which presently has 215 crypto ATMs, has surpassed it by 3 crypto ATMs. Spain is confirmed to account for 0.6% of all crypto ATM installations worldwide, according to data from CoinATMRadar. On the other hand, since September 2022, the number of crypto ATM installations worldwide has decreased; at the time of writing, they are currently recovering slowly. Around seven crypto ATMs are being erected daily throughout the world, according to calculations using information from the previous 60 days.

Meanwhile, the uptrend has been interrupted as the BTC price slumps to $19K. The largest cryptocurrency has fallen to the range-bound zone. In the previous price action, Bitcoin has been fluctuating between $18,800 and $19,900 price levels.

Bitcoin Price Prediction for Today, October 23: BTC Price Slumps to $19K
BTC/USD – 4 Hour Chart

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