Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

NewsBTC 2022-04-23 13:00:15

Bitcoin Follows US Stock Dive, Experts Predict $37,500 Price Level

As Wall Street opened today, resuming April 21 market losses, Bitcoin faced selling pressure. Bitcoin prices fell following the stock market plunge. As a result, many experts predict that the Bitcoin price will take a hit and can dive to $37,500 per coin. Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes According to TradingView data, on April 22, the price of Bitcoin hit $39,197. The crypto market significantly increased yesterday, with Bitcoin reaching above $42,700. Unfortunately, the day had cost bulls $40,000 support, which had not yet become meaningful at the time of writing. The Material Indicators team observed that the bids were filling at lower prices for analytics resources’ order books. According to a chart, there were about $100 million in bids waiting on Binance between spot and $37,500. In a tweet, Material Indicators said’ #FireCharts is showing ~$100M in #bitcoin bid liquidity between here and the $37.5k range. Expecting it to get filled, but watching to see if #BTCUSDT liquidity moves to the active buy zone or the buy zone moves to the orders resting on the @binance order book. Stock Market Today The U.S. stock market continued to go down today. The S&P 500 was down 1.75%, and the Nasdaq 100 was down 1.43% in the first 90 minutes of trading. The bond market sell-off worsened and reached “historic proportions” in Europe. In a tweet, markets co...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.