Bitcoin Deadly Candles likviderer 1.2 milliarder dollar, prisen når 20 XNUMX dollar

Tidsstempel: 14. juni 2022 5:06
Kilde node: 1383483

The Bitcoin deadly candles liquidate $1.2 billion and the price of the number one cryptocurrency slides towards $20,000 as we can see furhter in our siste Bitcoin-nyheter.

Bitcoin came within $1000 of its previous ATH on June 14 as the Bitcoin deadly candles liquidate $1.2 billion across markets. The data from Tradingview shows that BTC/USD pair is hitting $20,816 on Bitstamp as its lowest since the week of December 14, 2020. The sell-off started before the weekend and only enhanced after June 13 Wall Street opening bell with BTC and other altcoins falling in step with the US Equities.

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BTCUSD 1-week candle chart (Bitstamp) with 200 SMA. Source TradingView

The S&P 500 finished the day down y 3.9% while the Nasdaq shed 4.7% before the key comments from the US Federal reserves on the anti-inflation policy. The worst of the route was reserved for crypto and with it, the BTC pair lost 22% from the start of the week. The pair also was close to crossing the $20,000 mark and trading company qCP capital noted that it represents an ATH from the previous having cycle which is something that never happened before.

QCP flagged both the inflation topic and the potential insolvency at the fintech protocol Celsius behind the sell-off:

"Vi har uttrykt bekymring for kollapsen til en betydelig kredittaktør siden LUNA-eksplosjonen. Markedet får nå panikk om virkningen og smitten dersom Celsius blir insolvent. Noen viktige likvidasjonsnivåer som markedet ser etter er 1,150 0.8 i ETH, 20,000 i stETH/ETH og XNUMX XNUMX i BTC. Vi nærmer oss ubehagelig."

For other analysts, all bets are off when it comes to guessing the BTC price floor or whether the key trendlines are going to hold as support. Rekt Capital warned that the 200-week simple moving average at $22,400 was not accompanied by major volume itnerest and left the door open for a test of lower lows:

“BTC has reached the 200-week MA but the volume influx isn’t as strong as in previous Bear Market Bottoms formed at the 200 MA. But downside wicking below the 200 MA occurs & perhaps this wicking needs to occur this time to inspire a strong influx of volume.”

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BTCUSD 1-times lysdiagram (bitstempel). Kilde TradingView

The 200 SMA seemed to be acting more like resistance than support on the low timeframes. On altcoins, ETH dropped to 40% below the previous week’s high of $1000. if this breaks, it will be the first time that ETH/USD Traded at three-digit prices since January 2021.

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