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BTC Above the $20K Level for the First Time Since November 2022

The global crypto market cap has risen more than 8% over the last 24 hours.BTC has broken the psychological $20k level for the first time since November 2022.The market...
BTC Above the $20K Level for the First Time Since November 2022 © Reuters BTC Above the $20K Level for the First Time Since November 2022
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  • The global crypto market cap has risen more than 8% over the last 24 hours.
  • BTC has broken the psychological $20k level for the first time since November 2022.
  • The market leader’s price is now trading at the $21,364 resistance level.

The global crypto market cap has risen 8.69% over the last 24 hours according to CoinMarketCap. At press time, the global crypto market cap is estimated to be $982.81 billion. This increase in the crypto market cap is just a summary of the positive week that the crypto market has had over the past week.

All of the top 10 cryptos by market cap posted significant gains over the last 7 days. Leading the charge is the Ethereum killer, Solana (SOL), with its weekly gain of just over 78%. The altcoin’s price has also risen 40.37% over the last 24 hours.

Santiment, the blockchain analytics firm, tweeted today. The tweet shared that the “altcoin party” has continued as the week comes to a close. Perhaps the key takeaway from the tweet is the fact that the market leader, Bitcoin (BTC), was on the verge of breaking its psychological level of $20k for the first time since November 7, 2022, at the time the tweet was made.

Currently, the market leader’s price has been able to break the psychological level and now stands at $20,864.96 following a 10.93% increase in price over the last 24 hours. In addition to the 24-hour rise, BTC’s price has also risen more than 23% in the past week.

Daily chart for BTC/USDT (Source: CoinMarketCap)

BTC’s price has blown past the 9-day and 20-day EMA lines, which ignited a 6-day bullish rally to boost BTC’s price to its current level. BTC is now trading at the resistance level at $21,364. It seems that bears are trying to keep BTC’s price below the resistance level as evident by the wick above today’s daily candle.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post BTC Above the $20K Level for the First Time Since November 2022 appeared first on Coin Edition.

See original on CoinEdition

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08-06-2023 08:23:19 (UTC+7)

EUR/USD

1.0709

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

EUR/USD

1.0709

+0.0010 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

GBP/USD

1.2450

+0.0011 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

USD/JPY

140.00

-0.13 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6666

+0.0014 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

USD/CAD

1.3361

-0.0009 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/JPY

149.92

-0.01 (-0.01%)

Summary

↑ Buy

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Buy (12)

Sell (0)

Indicators:

Buy (7)

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EUR/CHF

0.9737

-0.0001 (-0.01%)

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Buy

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Buy (12)

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Buy (4)

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Gold Futures

1,960.05

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Neutral

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Buy (7)

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Silver Futures

23.610

+0.081 (+0.34%)

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Neutral

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Buy (8)

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Buy (1)

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Copper Futures

3.7578

+0.0023 (+0.06%)

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Neutral

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Buy (12)

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Buy (3)

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Crude Oil WTI Futures

72.56

+0.03 (+0.04%)

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↑ Buy

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Buy (10)

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Buy (9)

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Brent Oil Futures

76.93

+0.15 (+0.20%)

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Natural Gas Futures

2.322

-0.009 (-0.39%)

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Sell (8)

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Sell (8)

US Coffee C Futures

186.10

+3.50 (+1.92%)

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Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,291.91

-3.31 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (5)

S&P 500

4,267.52

-16.33 (-0.38%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (2)

Sell (4)

DAX

15,960.56

-31.88 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (4)

FTSE 100

7,624.34

-3.76 (-0.05%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (5)

Hang Seng

19,252.00

+152.72 (+0.80%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,891.11

+35.71 (+1.92%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

IBEX 35

9,359.80

+49.00 (+0.53%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

BASF SE NA O.N.

46.450

-0.310 (-0.66%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (0)

Bayer AG NA

52.13

-0.15 (-0.29%)

Summary

Neutral

Moving Avg:

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Sell (7)

Indicators:

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Allianz SE VNA O.N.

208.85

-1.65 (-0.78%)

Summary

Neutral

Moving Avg:

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Adidas AG

159.26

-0.42 (-0.26%)

Summary

Buy

Moving Avg:

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Deutsche Lufthansa AG

9.133

-0.008 (-0.09%)

Summary

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Siemens AG Class N

158.46

+0.10 (+0.06%)

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Deutsche Bank AG

9.812

+0.028 (+0.29%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

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Buy (5)

Sell (3)

    EUR/USD 1.0709 ↑ Buy  
    GBP/USD 1.2450 ↑ Buy  
    USD/JPY 140.00 ↑ Buy  
    AUD/USD 0.6666 ↑ Buy  
    USD/CAD 1.3361 ↑ Sell  
    EUR/JPY 149.92 ↑ Buy  
    EUR/CHF 0.9737 Buy  
    Gold 1,960.05 Neutral  
    Silver 23.610 Neutral  
    Copper 3.7578 Neutral  
    Crude Oil WTI 72.56 ↑ Buy  
    Brent Oil 76.93 ↑ Buy  
    Natural Gas 2.322 ↑ Sell  
    US Coffee C 186.10 Buy  
    Euro Stoxx 50 4,291.91 ↑ Sell  
    S&P 500 4,267.52 ↑ Sell  
    DAX 15,960.56 ↑ Sell  
    FTSE 100 7,624.34 Sell  
    Hang Seng 19,252.00 ↑ Sell  
    Small Cap 2000 1,891.11 ↑ Buy  
    IBEX 35 9,359.80 ↑ Sell  
    BASF 46.450 ↑ Buy  
    Bayer 52.13 Neutral  
    Allianz 208.85 Neutral  
    Adidas 159.26 Buy  
    Lufthansa 9.133 ↑ Buy  
    Siemens AG 158.46 ↑ Buy  
    Deutsche Bank AG 9.812 Buy  
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