Bitcoin
Short

Bitcoin Price Analysis — September 18

Bitcoin is on a dangerously bearish path as it continues to battle against headwinds at the $20,000 level, as bears press for a move towards 18K.

The benchmark cryptocurrency has managed to prop itself decently above the 19.6K range base over the past few days, which could be the last support level holding against an aggressive bearish trend. The cryptocurrency returned to bearish play after a sharp rejection just under the 23K mark on higher-than-expected CPI numbers. How much longer do you think bulls can hold the 19.6K support with a US Fed rate hike looming?

Meanwhile, my resistance levels are at $20,000, $20,500, and $21,000, and my key support levels are at $19,600, $19,000, and $18,000.

Total Market Capitalization: $946.9 billion

Bitcoin Market Capitalization: $377.9 billion

Bitcoin Dominance: 39.8%

Market Rank: #1

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