The crypto market’s lack of volatility has been one of the most discussed topics among traders and investors, especially that of Bitcoin. In the past few weeks, Bitcoin has been trading between $18,000 and $19,000.
Currently, Bitcoin is changing hands at $19,126 after a drop of 0.55% over the last 24hrs. Immediate resistance is around $19,200 and support is at $19,000.
It’s been observed that since the start of September, Битцоин бикs are trying their best to push the currency above $20,500. Recent attempt was on Oct 6 where bears managed to drag Bitcoin below $18,500
Bitcoin Bulls vs Bears
On the other hand, this week around $510 million Bitcoin options are set to expire which is an important event for bears as this will help them continue its action. However investors are still uncertain about Bitcoin bottom due to its prolonged bearish trend.
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Source: https://coinpedia.org/bitcoin/bitcoin-price-to-hit-21000-in-the-next-24hrs-but-here-is-a-catch/