Bitcoin Price Prediction for Today September 13: BTC Price Plunges above $20.3K Low ByAzeez MustaphaPRO INVESTOR Updated: 14 September 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Fails to Sustain Recent Rally as BTC Price Plunges above $20.3K Low – September 13, 2022 Bitcoin has declined below the moving average lines as BTC Price plunges above $20.3K low. The bullish scenario has been invalidated as buyers failed to push Bitcoin to the $24,000 overhead resistance level. The largest cryptocurrency may further decline as bears broke below the moving average lines.Bitcoin Price Statistics Data:•Bitcoin price now – $20,354.14•Bitcoin market cap – $389,245,617,595•Bitcoin circulating supply – 19,150,306.00 BTC•Bitcoin total supply – $426,837,256,502•Bitcoin Coinmarketcap ranking – # 1Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Buy Bitcoin Now Your capital is at risk. On September 13, Bitcoin’s (BTC) price rallied to the high of $22,794 but was repelled. Buyers pushed Bitcoin above the moving average lines but the crypto failed to rally above the overhead resistance at $25,205. On August 15, the BTC price rallied to the $25,205 resistance level but failed to breach the recent high. On the downside, BTC price has fallen below the moving average lines which is indicative of a further possible decline. It declines to the low of $19,883 as bulls bought the dips. BTC price is rising but it is resistant at the 21-day line SMA. This implies that the bears are selling at each rally. The current rejection indicates that Bitcoin will revisit the strong support at $18,675. This will be strongly defended by buyers. Nonetheless, BTC/USD will be compelled to a range-bound move between $18,675 and $23,000 if the support at $18,675 holds. Russia Plans to Allow Cross-Border Crypto Payments by December 19 Russian Prime Minister Mikhail Mishustin has indicated that the government should agree regarding crypto regulation in Russia by Dec. 19, 2022. The prime minister also said that government should come up with policies on regulating the issuance and circulation of digital currencies in Russia. Mishustin tasked regulators to finalize regulations for cryptocurrency mining and cross-border transactions in digital currencies. According to a fintech expert in the Russian State Duma, Russia would be the first country in the world to allow cross-border crypto payments while banning local crypto payments. An official has indicated that the upcoming draft crypto regulations should be aligned with the Russian Finance Ministry, the central bank, the Anti-Money Laundering authority, the Federal Tax Service, and the Federal Security Service. BTC/USD – Weekly Chart Meanwhile, Bitcoin has resumed a downward correction as BTC Price plunges above the $20.3K low. Buyers are attempting to push the crypto above the 21-day line SMA. The upward move will resume if price breaks above the 21-day line SMA. However, if Bitcoin turns from the 21-day line SMA, the crypto will decline below the $20,000 support. BTC price will decline and revisit the previous low at $18,675. Related:• How to buy Tamagoge• Visit Tamadoge Website Join Our Telegram channel to stay up to date on breaking news coverage