BTC ranges below its recent high, but faces a drop to $20K

Bitcoin is trading below the $21,000 barrier, but faces a drop to $20,000 – January 15, 2022

Following the current price surge, it is difficult to hold Bitcoin above the recent high as it faces a drop to $20,000. The largest cryptocurrency as of yesterday rose to a high of $21,378 before pulling back. The price of BTC is currently hovering around the psychological mark of $20,000.

Bitcoin Price Stats Data:
•Bitcoin price now – $20,621.77
• Bitcoin Market Cap: $397,395,488,114
•Bitcoin circulating supply – 19,262,737 BTC
•Total Bitcoin Supply – $433,498,780,488
• Bitcoin Coinmarketcap Ranking – #1

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

Bitcoin has returned to the historical price level of $21,470 as a resistance level. Bitcoin peaked at $21,378 thanks to buyers. In line with the market, the BTC price has reached bullish fatigue. The cryptocurrency asset is currently trading above the $20,000 support level. If the current support persists, the uptrend will continue. Similarly, if the current resistance level of $21,470 is breached, Bitcoin would embark on a rally to $22,794 and $25,068. If the bears break below the $20,000 support, the current rally may come to an end. The cryptocurrency will continue to fall above the $18,391 advance milestone. Bitcoin is severely overbought, with the Relative Strength Index for Period 14 at the 83 level. Bitcoin will fall further if sellers emerge in the overbought zone of the market.

A Leading US University Teaches Students About Bitcoin

After the initial Bitcoin course, the professor announced a “Bitcoin Programming” course in which students will learn how to “build a Bitcoin library from scratch.” Now that Texas A&M is the newest university in the US to offer a Bitcoin course to some of its more than 74,000 students, the use of Bitcoin and cryptocurrencies in the classroom continues to increase. Texas A&M Mays School of Business Associate Professor Korok Ray, who will teach the “Bitcoin Protocol” course to students in the Mays College of Engineering and Business School when the spring semester begins on January 17, announced the January 13th. In part of the Twitter discussion, Ray said that “Bitcoin Programming” will adhere to the Bitcoin Protocol and teach students how to “build a Bitcoin library from scratch.” The speaker went on to say that it took “months” of hard work to finally get the approval of the school’s relevant curriculum committee.

Bitcoin is currently trading below the recent high but is facing a drop to $20K. The resistance level has been tested three times since January 14 by the BTC price, but the rally could not be restarted. If the Bitcoin price turns down and sustains above the existing support, a new uptrend will begin. If the price falls below the $20,000 support, the slide will resume.

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