• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Bitcoin lurks by $22K as US dollar falls from peak, Ethereum gains 20%

Jon Hartney by Jon Hartney
July 19, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

It’s all about Ethereum for crypto traders on the day as Bitcoin faces crucial resistance and a slew of sellers lying in wait.

Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Stocks, crypto rise as dollar weakens

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility immediately below the crucial 200-week moving average (WMA).

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

The Wall Street open saw further gains for United States equities in the face of a declining U.S. dollar, which extended its retracement after hitting its latest two-decade peak.

The U.S. dollar index (DXY) stood at around 106.5 at the time of writing, down 2.6% from the high seen July 14.

For Bitcoin analysts, it was thus a case of wait and see as markets bided their time between buy and sell levels.

$BTC / $USD – Update

These are the options on #Bitcoin right .. If we can sustain above the $21,700 range high and gain momentum, we can pump for the wave 3 ..

However, if we die down i am looking for another corrective wave down .. pic.twitter.com/cLGVGdTivK

— Crypto Tony (@CryptoTony__) July 19, 2022

“Shared this chart before, but just like that the $DXY is tanking, resulting into risk-on assets showing some momentum,” Cointelegraph contributor Michaël van de Poppe tweeted in an update on the day alongside a DXY chart.

“Yields need to drop now too, but the weakness on the Dollar could put more strength on crypto and Bitcoin.”

U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView

On-chain monitoring resource Material Indicators meanwhile flagged the difference in strength between “psychological” levels such as $21,000 and $22,000 and the 200 WMA closer to $23,000.

“IMO, resistance at $21k and $22k are psychological, whereas the 200 WMA serves as legit technical resistance. FireCharts shows more BTC bid liquidity coming in to support an R/S flip at $21k,” it told Twitter followers on the day publishing data from the Binance order book.

“Looking for more bid liquidity to challenge the ever important 200 WMA.”

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter

The day belongs to Ethereum

Deja vu for altcoin traders meanwhile came in the form of outperformance from Ether (ETH) versus other major cryptocurrencies’ intraday gains.

Related: 100X Bitcoin energy use would mean ‘absurd’ $20M BTC price — developer

ETH/USD, already up 25% in a week, added to its momentum overnight, climbing another 20% in just over 24 hours to briefly pass $1,600.

Resistance in the form of the 2018 high at $1,530 posed little problem for bulls, with the level forming a support focus at the time of writing.

“Ethereum relative to Bitcoin has closed above a key resistance,” popular trading account Game of Traders forecast.

“Buckle up for some big moves.”

ETH/USD 1-day candle chart (Binance). Source: TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,385.000.33%
  • ethereumEthereum(ETH)$1,668.520.76%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.16%
  • binancecoinBNB(BNB)$332.351.35%
  • usd-coinUSD Coin(USDC)$1.000.10%
  • rippleXRP(XRP)$0.4111480.33%
  • Binance USDBinance USD(BUSD)$1.000.10%
  • cardanoCardano(ADA)$0.4014400.19%
  • dogecoinDogecoin(DOGE)$0.0957432.26%
  • matic-networkPolygon(MATIC)$1.241.45%
  • OKBOKB(OKB)$43.976.04%
  • SolanaSolana(SOL)$24.37-0.43%
  • Shiba InuShiba Inu(SHIB)$0.0000159.35%
  • Lido Staked EtherLido Staked Ether(STETH)$1,663.990.81%
  • polkadotPolkadot(DOT)$6.86-0.14%
  • litecoinLitecoin(LTC)$98.71-0.25%
  • AvalancheAvalanche(AVAX)$20.95-1.02%
  • tronTRON(TRX)$0.0647282.13%
  • UniswapUniswap(UNI)$7.261.98%
  • daiDai(DAI)$1.000.16%
  • cosmosCosmos Hub(ATOM)$14.68-0.76%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,386.000.25%
  • chainlinkChainlink(LINK)$7.210.18%
  • ToncoinToncoin(TON)$2.330.18%
  • ethereum-classicEthereum Classic(ETC)$23.751.84%
  • leo-tokenLEO Token(LEO)$3.501.38%
  • moneroMonero(XMR)$172.860.14%
  • AptosAptos(APT)$16.620.81%
  • bitcoin-cashBitcoin Cash(BCH)$137.500.45%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0930900.23%
  • ApeCoinApeCoin(APE)$5.89-0.75%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.522.95%
  • CronosCronos(CRO)$0.0835171.37%
  • filecoinFilecoin(FIL)$5.51-1.23%
  • QuantQuant(QNT)$142.83-0.77%
  • algorandAlgorand(ALGO)$0.2680300.11%
  • HederaHedera(HBAR)$0.0732133.41%
  • Lido DAOLido DAO(LDO)$2.19-3.10%
  • vechainVeChain(VET)$0.0248770.75%
  • FantomFantom(FTM)$0.61-2.79%
  • Internet ComputerInternet Computer(ICP)$5.922.01%
  • decentralandDecentraland(MANA)$0.78-0.09%
  • The SandboxThe Sandbox(SAND)$0.772.12%
  • Axie InfinityAxie Infinity(AXS)$11.572.58%
  • AaveAave(AAVE)$88.69-1.00%
  • eosEOS(EOS)$1.100.69%
  • FlowFlow(FLOW)$1.160.23%
  • MultiversXMultiversX(EGLD)$46.762.40%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000193-1.21%
  • theta-tokenTheta Network(THETA)$1.132.96%
  • tezosTezos(XTZ)$1.183.47%
  • FraxFrax(FRAX)$1.000.18%
  • The GraphThe Graph(GRT)$0.11248513.18%
  • huobi-tokenHuobi(HT)$5.874.64%
  • true-usdTrueUSD(TUSD)$1.000.18%
  • paxos-standardPax Dollar(USDP)$1.000.20%
  • kucoin-sharesKuCoin(KCS)$8.821.20%
  • havvenSynthetix Network(SNX)$2.725.81%
  • bitcoin-cash-svBitcoin SV(BSV)$43.50-0.05%
  • Curve DAOCurve DAO(CRV)$1.09-1.17%
  • ChilizChiliz(CHZ)$0.1453930.01%
  • Rocket PoolRocket Pool(RPL)$40.500.79%
  • PancakeSwapPancakeSwap(CAKE)$4.576.07%
  • eCasheCash(XEC)$0.0000390.87%
  • Frax ShareFrax Share(FXS)$10.27-5.03%
  • ImmutableXImmutableX(IMX)$0.91-2.15%
  • USDDUSDD(USDD)$0.990.06%
  • BitTorrentBitTorrent(BTT)$0.0000011.55%
  • Trust WalletTrust Wallet(TWT)$1.691.82%
  • iotaIOTA(MIOTA)$0.2488493.67%
  • dashDash(DASH)$61.05-1.04%
  • Mina ProtocolMina Protocol(MINA)$0.82-2.51%
  • BitDAOBitDAO(BIT)$0.581.19%
  • KlaytnKlaytn(KLAY)$0.2139321.77%
  • GateGate(GT)$4.50-0.22%
  • OptimismOptimism(OP)$2.98-0.56%
  • makerMaker(MKR)$710.681.51%
  • neoNEO(NEO)$8.79-0.51%
  • cUSDCcUSDC(CUSDC)$0.022730-0.06%
  • ArweaveArweave(AR)$11.95-2.16%
  • zcashZcash(ZEC)$46.25-0.30%
  • GMXGMX(GMX)$69.78-5.67%
  • OKCOKC(OKT)$32.667.78%
  • RadixRadix(XRD)$0.057552-2.51%
  • gemini-dollarGemini Dollar(GUSD)$1.010.57%
  • cDAIcDAI(CDAI)$0.0221790.08%
  • THORChainTHORChain(RUNE)$1.86-0.78%
  • OsmosisOsmosis(OSMO)$1.05-4.03%
  • Tokenize XchangeTokenize Xchange(TKX)$6.810.88%
  • RenderRender(RNDR)$1.797.68%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.00000056.46%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • loopringLoopring(LRC)$0.401192-1.69%
  • PAX GoldPAX Gold(PAXG)$1,864.330.15%
  • enjincoinEnjin Coin(ENJ)$0.4902884.44%
  • Convex FinanceConvex Finance(CVX)$6.55-0.49%
  • zilliqaZilliqa(ZIL)$0.030182-1.10%
  • 1inch1inch(1INCH)$0.619.65%