Here are Bitcoin's make-or-break levels

Here are Bitcoin’s make-or-break levels

The article “Make Or Break Moment For Bitcoin Price, Here Are The Key Levels,” which originally appeared on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide, is the first of its kind.

Just a few days ago, the price of bitcoin fell below the critical $24,000 threshold in response to a bearish pull down. After slipping below the $23,500, $23,200, and eventually the $23,000 threshold yesterday, the currency has been subjected to a couple more losses so far today.

At this time, the trading price of the King currency is $21,939, which means that it has even fallen below the range of $22,000. The asset is now having a tough battle against bears.

The immediate barrier of resistance for Bitcoin is located at around $23,150 on the top end. This gets it close to the 23.6% Fib retracement level, which is when Bitcoin saw a sharp decline, going from a high of $24,440 to a low of $22,715.

When we move on to the hourly chart, we can see that there is a crucial bearish trend line being built around the $23,550 resistance level. This can be seen when we look at the chart. The primary source of opposition can be seen near $23,750, which is also the 100 hourly simple moving average.

If, on the other hand, the flagship currency is successful in closing the transaction above the resistance levels of $23,550 and $23,800, then the currency may begin a new upward trend.

Price Of Bitcoin At The Mark Of $22,500?

If, on the other hand, Bitcoin is unable to break through the significant resistance level located at $23,200, then the asset will continue to move in a bearish direction and reach a low of $22,715.

Regarding the negative picture, the immediate support is located around $22,500, and if bitcoin orginformation continues to provide bearish signals,

  • bitcoinBitcoin (BTC) $ 25,671.00 5.63%
  • ethereumEthereum (ETH) $ 1,806.81 5.06%
  • tetherTether (USDT) $ 0.997651 0.2%
  • bnbBNB (BNB) $ 275.06 10.01%
  • usd-coinUSD Coin (USDC) $ 0.999862 0.03%
  • xrpXRP (XRP) $ 0.505556 6.6%
  • staked-etherLido Staked Ether (STETH) $ 1,805.43 5.03%
  • cardanoCardano (ADA) $ 0.351057 7.83%
  • dogecoinDogecoin (DOGE) $ 0.066312 9.18%
  • solanaSolana (SOL) $ 19.91 9.8%
  • matic-networkPolygon (MATIC) $ 0.833935 7.71%
  • tronTRON (TRX) $ 0.078030 4.55%
  • litecoinLitecoin (LTC) $ 87.33 8.43%
  • polkadotPolkadot (DOT) $ 5.05 5.4%
  • binance-usdBinance USD (BUSD) $ 1.00 0.12%
  • avalanche-2Avalanche (AVAX) $ 13.89 6.42%
  • shiba-inuShiba Inu (SHIB) $ 0.000008 7.82%
  • daiDai (DAI) $ 0.998581 0.08%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 25,676.00 5.66%
  • uniswapUniswap (UNI) $ 4.71 6.6%
  • leo-tokenLEO Token (LEO) $ 3.51 2.47%
  • chainlinkChainlink (LINK) $ 6.05 7.11%
  • cosmosCosmos Hub (ATOM) $ 9.98 7.62%
  • okbOKB (OKB) $ 43.97 4.25%
  • moneroMonero (XMR) $ 141.78 4.36%
  • ethereum-classicEthereum Classic (ETC) $ 16.90 7.75%
  • stellarStellar (XLM) $ 0.087883 4.44%
  • bitcoin-cashBitcoin Cash (BCH) $ 108.32 7%
  • true-usdTrueUSD (TUSD) $ 0.999057 0.05%
  • internet-computerInternet Computer (ICP) $ 4.32 11.01%
  • lido-daoLido DAO (LDO) $ 2.11 8.38%
  • filecoinFilecoin (FIL) $ 4.19 10.07%
  • quant-networkQuant (QNT) $ 113.15 2.39%
  • crypto-com-chainCronos (CRO) $ 0.058155 4.87%
  • hedera-hashgraphHedera (HBAR) $ 0.047973 5.82%
  • nearNEAR Protocol (NEAR) $ 1.49 9.39%
  • vechainVeChain (VET) $ 0.018574 7.14%
  • apecoinApeCoin (APE) $ 2.85 12.78%
  • the-graphThe Graph (GRT) $ 0.114287 10.43%
  • paxos-standardPax Dollar (USDP) $ 0.998659 0.07%
  • fraxFrax (FRAX) $ 0.997782 0.13%
  • algorandAlgorand (ALGO) $ 0.138095 10.36%
  • the-sandboxThe Sandbox (SAND) $ 0.515594 14.61%
  • eosEOS (EOS) $ 0.837382 9.35%
  • elrond-erd-2MultiversX (EGLD) $ 36.01 5.48%
  • rocket-poolRocket Pool (RPL) $ 47.22 5.28%
  • optimismOptimism (OP) $ 1.34 10.5%
  • aaveAave (AAVE) $ 59.48 6.29%
  • decentralandDecentraland (MANA) $ 0.454998 12.35%
  • fantomFantom (FTM) $ 0.289883 12.01%
  • tezosTezos (XTZ) $ 0.853237 8.1%
  • theta-tokenTheta Network (THETA) $ 0.773352 8.59%
  • axie-infinityAxie Infinity (AXS) $ 6.62 9.25%
  • blockstackStacks (STX) $ 0.544107 12.49%
  • usddUSDD (USDD) $ 0.999557 0.09%
  • immutable-xImmutableX (IMX) $ 0.723469 12.1%
  • havvenSynthetix Network (SNX) $ 2.24 5.74%
  • bitdaoBitDAO (BIT) $ 0.479194 3.12%
  • kucoin-sharesKuCoin (KCS) $ 7.09 4.11%
  • flowFlow (FLOW) $ 0.659289 10.47%
  • radixRadix (XRD) $ 0.065015 3.7%
  • neoNEO (NEO) $ 9.22 12.37%
  • curve-dao-tokenCurve DAO (CRV) $ 0.777408 9.24%
  • galaGALA (GALA) $ 0.026345 12.29%
  • bitcoin-svBitcoin SV (BSV) $ 30.37 8.5%
  • makerMaker (MKR) $ 645.79 6.37%
  • gemini-dollarGemini Dollar (GUSD) $ 0.999917 0.16%
  • gatechain-tokenGate (GT) $ 4.03 4.55%
  • kavaKava (KAVA) $ 0.984587 2.4%
  • klay-tokenKlaytn (KLAY) $ 0.173153 7.53%
  • bittorrentBitTorrent (BTT) $ 0.00000055 6.8%
  • iotaIOTA (MIOTA) $ 0.182946 10.99%
  • pax-goldPAX Gold (PAXG) $ 1,928.04 0.68%
  • chilizChiliz (CHZ) $ 0.093691 8.73%
  • tokenize-xchangeTokenize Xchange (TKX) $ 6.14 4.8%
  • tether-goldTether Gold (XAUT) $ 1,960.42 0.33%
  • compound-ethercETH (CETH) $ 36.24 5.2%
  • huobi-tokenHuobi (HT) $ 2.87 4.52%
  • mina-protocolMina Protocol (MINA) $ 0.504850 8.65%
  • xdce-crowd-saleXDC Network (XDC) $ 0.033194 4.48%
  • gmxGMX (GMX) $ 51.75 7.66%
  • ecasheCash (XEC) $ 0.000023 6.52%
  • frax-shareFrax Share (FXS) $ 6.15 7.8%
  • dashDash (DASH) $ 38.90 9.78%
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.944803 12.25%
  • compound-usd-coincUSDC (CUSDC) $ 0.022861 0.03%
  • nexoNEXO (NEXO) $ 0.632989 4.12%
  • zilliqaZilliqa (ZIL) $ 0.021280 12.62%
  • nxmNexus Mutual (NXM) $ 51.00 4.9%
  • dydxdYdX (DYDX) $ 2.01 6.77%
  • thorchainTHORChain (RUNE) $ 1.07 9.25%
  • osmosisOsmosis (OSMO) $ 0.539658 7.01%
  • loopringLoopring (LRC) $ 0.252403 10.31%
  • arweaveArweave (AR) $ 6.23 9.9%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.54 12.01%
  • enjincoinEnjin Coin (ENJ) $ 0.307570 9.42%
  • 1inch1inch (1INCH) $ 0.327412 12.98%
  • basic-attention-tokenBasic Attention (BAT) $ 0.200301 9.38%
  • convex-financeConvex Finance (CVX) $ 3.83 10.02%
  • gnosisGnosis (GNO) $ 111.03 5.41%
  • oec-tokenOKT Chain (OKT) $ 16.00 3.11%
  • liquity-usdLiquity USD (LUSD) $ 1.01 0.06%
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000001 0%
  • cdaicDAI (CDAI) $ 0.022235 0.09%
  • nemNEM (XEM) $ 0.030197 9.75%
  • holotokenHolo (HOT) $ 0.001487 7.56%
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000 10.52%
  • oasis-networkOasis Network (ROSE) $ 0.051591 10.31%
  • qtumQtum (QTUM) $ 2.45 9.31%
  • zcashZcash (ZEC) $ 29.26 9.15%
  • linkFINSCHIA (FNSA) $ 35.35 2.97%
  • celoCelo (CELO) $ 0.481315 13.22%
  • chiaChia (XCH) $ 31.92 6.87%
  • theta-fuelTheta Fuel (TFUEL) $ 0.038791 8.23%
  • ethereum-name-serviceEthereum Name Service (ENS) $ 9.27 8.97%
  • defichainDeFiChain (DFI) $ 0.332634 4.49%
  • huobi-btcHuobi BTC (HBTC) $ 25,969.00 7.63%
  • escoin-tokenEscoin (ELG) $ 2.78 1.68%
  • audiusAudius (AUDIO) $ 0.217302 9.83%
  • kusamaKusama (KSM) $ 25.27 9.36%
  • ravencoinRavencoin (RVN) $ 0.019023 9.63%
  • compound-governance-tokenCompound (COMP) $ 32.40 9.58%
  • terra-luna-2Terra (LUNA) $ 0.776751 17.79%
  • tether-eurtEuro Tether (EURT) $ 1.07 0.04%
  • convex-crvConvex CRV (CVXCRV) $ 0.749415 7.89%
  • bitcoin-goldBitcoin Gold (BTG) $ 12.45 1.54%
  • iconICON (ICX) $ 0.220160 10.61%
  • iotexIoTeX (IOTX) $ 0.022223 7.17%
  • decredDecred (DCR) $ 13.95 9.81%
  • justJUST (JST) $ 0.023327 9.38%
  • olympusOlympus (OHM) $ 10.52 0.74%
  • stepnSTEPN (GMT) $ 0.236192 13.68%
  • balancerBalancer (BAL) $ 4.91 7.47%
  • heliumHelium (HNT) $ 1.39 7.48%
  • yearn-financeyearn.finance (YFI) $ 5,951.49 9.08%
  • ankrAnkr Network (ANKR) $ 0.023622 11.03%
  • golemGolem (GLM) $ 0.192388 7.74%
  • ontologyOntology (ONT) $ 0.203032 10.96%
  • ecomiECOMI (OMI) $ 0.000638 0.76%
  • moonbeamMoonbeam (GLMR) $ 0.265151 7.05%
  • 0x0x Protocol (ZRX) $ 0.203346 9.06%
  • alchemix-usdAlchemix USD (ALUSD) $ 0.995367 0.11%
  • dao-makerDAO Maker (DAO) $ 1.00 8.09%
  • waxWAX (WAXP) $ 0.049544 9.11%
  • iostokenIOST (IOST) $ 0.008593 7.94%
  • compound-usdtcUSDT (CUSDT) $ 0.019980 0%
  • wavesWaves (WAVES) $ 1.60 8.94%
  • harmonyHarmony (ONE) $ 0.012777 12.29%
  • siacoinSiacoin (SC) $ 0.002986 7.08%
  • kadenaKadena (KDA) $ 0.641069 14.15%
  • sushiSushi (SUSHI) $ 0.760904 11.87%
  • zelcashFlux (FLUX) $ 0.481796 11.74%
  • amp-tokenAmp (AMP) $ 0.002342 9.21%
  • synapse-2Synapse (SYN) $ 0.673414 5.98%
  • livepeerLivepeer (LPT) $ 4.53 12.64%
  • umaUMA (UMA) $ 1.78 10.78%
  • terrausdTerraClassicUSD (USTC) $ 0.012728 16.54%
  • hiveHive (HIVE) $ 0.323589 7.48%
  • reserve-rights-tokenReserve Rights (RSR) $ 0.002355 15.86%
  • safemoon-2SafeMoon (SFM) $ 0.000211 1.55%
  • msolMarinade staked SOL (MSOL) $ 22.05 10.31%
  • nucypherNuCypher (NU) $ 0.078278 6.03%
  • zencashHorizen (ZEN) $ 7.18 11.86%
  • omisegoOMG Network (OMG) $ 0.674353 15.33%
  • ergoErgo (ERG) $ 1.29 4.88%
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.999322 0.21%
  • celsius-degree-tokenCelsius Network (CEL) $ 0.188260 19.31%
  • merit-circleMerit Circle (MC) $ 0.199444 8.81%
  • constellation-labsConstellation (DAG) $ 0.028888 1.22%
  • secretSecret (SCRT) $ 0.342570 12.31%
  • songbirdSongbird (SGB) $ 0.006091 6.83%
  • tensetTenset (10SET) $ 0.388582 5.2%
  • evmosEvmos (EVMOS) $ 0.113951 14.73%
  • ethosVoyager VGX (VGX) $ 0.123432 12.8%
  • chain-2Onyxcoin (XCN) $ 0.001476 15.81%
  • juno-networkJUNO (JUNO) $ 0.354737 7.47%
  • serumSerum (SRM) $ 0.067008 11.08%
  • maiar-dexxExchange (MEX) $ 0.000007 7.77%
  • neutrinoNeutrino Index Token (XTN) $ 0.031131 11.17%