{"id":809,"date":"2022-07-11T22:49:48","date_gmt":"2022-07-11T22:49:48","guid":{"rendered":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-remains-above-20k-as-the-crypto-market-adds-2-to-its-value\/"},"modified":"2022-07-11T22:49:48","modified_gmt":"2022-07-11T22:49:48","slug":"bitcoin-remains-above-20k-as-the-crypto-market-adds-2-to-its-value","status":"publish","type":"post","link":"https:\/\/cryptoteambuild.com\/blog\/bitcoin-remains-above-20k-as-the-crypto-market-adds-2-to-its-value\/","title":{"rendered":"Bitcoin remains above $20k as the crypto market adds 2% to its value"},"content":{"rendered":"<p>Bitcoin <\/p>\n<div>\n<p dir=\"ltr\"><strong>The cryptocurrency market has had a positive start to the week, adding more than 2% to its value in the last 24 hours.<\/strong><\/p>\n<p dir=\"ltr\">The cryptocurrency market ended the previous week with a win and is starting this new week with positive performances. The total cryptocurrency market currently stands at around $920 billion, up by more than 2% in the last 24 hours.<\/p>\n<p dir=\"ltr\">Bitcoin, the world&rsquo;s leading cryptocurrency by market cap, has underperformed over the past 24 hours. BTC is down by less than 1% since the start of the day and continues to trade above the $20k level.<\/p>\n<p dir=\"ltr\">Despite its current poor performance, BTC has maintained its price above the $20k psychological level.<\/p>\n<p dir=\"ltr\">Bitcoin could attempt to surge higher over the coming hours but this could depend on the performance of the broader cryptocurrency market.<\/p>\n<h2>Bitcoin Key levels to watch<\/h2>\n<p dir=\"ltr\">The BTC\/USD 4-hour chart remains neutral as Bitcoin has been underperforming over the past 24 hours. The technical indicators show that Bitcoin is erasing some of its earlier gains.<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/x\/tSlOBcAy\/\" rel=\"noopener noreferrer\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/06\/11\/1657570247962-2a284519-7bb3-44db-96f5-29bcf252ef5c.png\"><\/a><\/p>\n<p dir=\"ltr\">The MACD line is around the neutral zone, indicating that neither the bulls nor the bears are currently in charge. The 14-day relative strength index of 40 shows that Bitcoin could move closer to the oversold region.<\/p>\n<p dir=\"ltr\">If the bears continue to be in control, BTC could drop below the $20k support level over the next few hours. In the event of an extended bearish performance, BTC could drop below the $19,643 support level.<\/p>\n<p dir=\"ltr\">However, if the bulls regain control, Bitcoin could retest the $21k resistance level in the coming hours. The second major resistance level at $21,983 should limit further upward movement in the short term.&nbsp;<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-remains-above-20k-as-the-crypto-market-adds-2-to-its-value\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin The cryptocurrency market has had a positive start to the week, adding more than 2% to its value in the last 24 hours. The cryptocurrency market ended the previous week with a win and is starting this new week with positive performances. The total cryptocurrency market currently stands at around $920 billion, up by more than 2% in the last 24 hours. Bitcoin, the world&rsquo;s leading cryptocurrency by market cap, has underperformed over the past 24 hours. BTC is down by less than 1% since the start of the day and continues to trade above the $20k level. Despite [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[18,336],"_links":{"self":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/809"}],"collection":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/comments?post=809"}],"version-history":[{"count":0,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media\/810"}],"wp:attachment":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media?parent=809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/categories?post=809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/tags?post=809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}