Bitcoin Price Below Psychological Level $22,000; Is The Next Stop At $17,000?

Bitcoin price over the last 24 hours moved south on its four-hour chart. Very recently Bitcoin had rose above the $20,000 price mark but the bears failed to hold the asset at that price mark. In the last 24 hours, the coin was mostly consolidating on its chart. In the past week, BTC fell by 9%. There was substantial demand in the lower levels. The less demand in return was pulling the price of the crypto below the immediate resistance mark. The technical outlook for the coin was bearish given how sellers were active in the market at the time of writing. If buyers don’t return to the market, Bitcoin price will trade near its closest price level. It will aim for a support level underneath that. It is important that the coin moves above the $20,000 price level in the next trading sessions else it would fall below the $18,000 price level. The global cryptocurrency market cap today is $996 Billion, with a 2.7% negative change in the last 24 hours. Bitcoin Price Analysis: Four-Hour Chart BTC was trading for $20,600 at the time of writing. For the most part in the last 24 hours, the coin was struggling below the $20,000 price mark. The coin is still quite unstable at the moment, it is to be seen how long the Bitcoin price will remain above that price mark. The next stop for BTC if it doesn’t trade near the next resistance level will be at $18,000. Overhead resistance for the coin stood at $21,100. If the coin travels abov...