BTC Price Rises As It Recovers High At $22.7K

Bitcoin maintains its bullish trend as it recovers the high of $22.7K – January 21, 2022

The largest cryptocurrency asset has now resumed the second leg of its upward momentum by retrieving the high of $22.7K. On Jan 20, the BTC/USD price rallied after breaking through the 21,500 resistance level. Bitcoin price surged to a high of $23,353 before falling. It has broken above the $22,794 resistance level. It is currently trading at $22,788 at press time.

Bitcoin Price Stats Data:
•Bitcoin price now – $22,788.98
• Bitcoin Market Cap: $439,223,788,429
•Bitcoin circulating supply – 19,268,850 BTC
•Total Bitcoin supply – $478,666,875,369
• Bitcoin Coinmarketcap Ranking – #1

resistance levels: $50,000, $55,000, $60,000
Support levels: $25,000, $20,000, $15,000

Bitcoin (BTC) price has risen to the $23,000 resistance zone as it has maintained its bullish trend. The BTC price then fell to its previous low on September 13, 2022. Since the beginning of the downtrend, the historical price level of $22,794 has not been tested or broken. The buyers are trying to maintain the bullish momentum above the current price level. At the most recent high, there was a strong rejection. Bitcoin has entered the overbought zone all around as a result of the recent price recovery. The overbought status of the asset has been surpassed by Bitcoin thanks to the strong market trend. Similarly, buyers will need to push and hold the price above $22,794 to signal the start of the uptrend once again. After that, the BTC/USD pair could start its ascent towards $25,212.

Tucker Carlson proposes a wild theory to explain the rise in Bitcoin prices: “Maximum Tin Foil”.

Crypto Twitter users immediately mocked Tucker Carlson for making claims without any backing. Controversial, an intriguing conspiracy theory put forward by Fox News host Tucker Carlson attempts to link Canadian and US airline delays to a rise in Bitcoin prices. In his theory, the US government may have bought a significant amount of Bitcoin to pay the ransom for the computer outage that resulted in the suspension of thousands of flights on January 11. However, he did not offer any supporting data for his claims. The US government already has a significant amount of Bitcoin seized, the government would buy it over the counter if it did, and because Bitcoin is traceable and transparent, large ransoms are more likely to be paid in Monero, according to others. arguments presented. Against Theory on Crypto Twitter.

Despite this, BTC price is currently consolidating above current support as it recaptures the $22.7K high. The historical price level for September 13 is $22,700. Buyers were unable to sustain bullish momentum above the recent high of September 13 until November 2022. In a bear market, sellers are better off. Bitcoin price is rising right now as buyers try to retake these levels.

While this was going on, the BTC price continued to rise, reaching a high of $23,353. Similarly, other cryptocurrencies have continued to rally. He MEMEG The coin is useful for traders because it offers high rates of return on investment. The fastest growing Play-to-Earn guild this year is the Meta Masters Guild (MEMAG). It is likely to outperform all other Web3 mobile gaming guilds. It is possible to create intriguing and entertaining video games using NFTs. Community members are rewarded for their investments and speculations there. The MEMAG pre-sale is ongoing and close to $1 million has been raised so far.

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