{"id":3842,"date":"2022-06-28T14:49:09","date_gmt":"2022-06-28T14:49:09","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/06\/28\/btc-maintains-its-price-above-21k\/"},"modified":"2022-06-28T14:49:10","modified_gmt":"2022-06-28T14:49:10","slug":"btc-maintains-its-price-above-21k","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/06\/28\/btc-maintains-its-price-above-21k\/","title":{"rendered":"BTC maintains its price above $21k"},"content":{"rendered":"

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The cryptocurrency is recovering after a poor begin to the day, with most cash nonetheless within the crimson zone.<\/strong><\/p>\n

The cryptocurrency market has had a poor begin to the day. The market was down by greater than 2% earlier immediately however is slowly recovering and is just down by 1.25% on the time of this evaluation.\u00a0<\/p>\n

The whole cryptocurrency market cap stands above $950 billion. The bulls may look to push this previous the $1 trillion mark within the coming days if final week\u2019s momentum will be repeated.<\/p>\n

Bitcoin, the world\u2019s main cryptocurrency, is down by 1.3% within the final 24 hours. The coin dropped beneath the $21k psychological stage a number of hours in the past however has bounced again and now trades above $21,100.<\/p>\n

The bulls have been in a position to hold Bitcoin above the $20k mark over the previous few days. It dropped beneath $18k earlier this month however has maintained its worth above $20k since then.<\/p>\n

Key ranges to observe<\/h2>\n

The BTC\/USD 4-hour chart is impartial as Bitcoin has barely underperformed over the previous 24 hours.<\/p>\n

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The MACD line is across the impartial zone, indicating that Bitcoin is neither bullish nor bearish in the mean time. The 14-day relative energy index of 51 exhibits that Bitcoin is not within the oversold area. However, additionally it is a way off from coming into the overbought territory.<\/p>\n

If the bulls proceed to push more durable, BTC may cross the primary main resistance stage at $21,519 earlier than the tip of the day. However, it will want the help of the broader market to maneuver previous the $22,899 resistance stage for the primary time in per week.<\/p>\n

The broader market remains to be bearish, and this might see BTC lose its $20,500 help stage within the coming hours. A drop beneath $20,500 may push Bitcoin beneath the $20k stage for the second time in lower than per week.<\/p>\n<\/p><\/div>\n

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[ad_1] The cryptocurrency is recovering after a poor begin to the day, with most cash nonetheless within the crimson zone. The cryptocurrency market has had a poor begin to the day. The market was down by greater than 2% earlier immediately however is slowly recovering and is just down by 1.25% on the time of 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