BTC dips below an essential level to preserve upside chances with volatility reappearing in Monday trading. Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.5% on concerns over the new coronavirus strain in the U.K.
Data from Cointelegraph Markets and TradingView showed BTC/USD hitting lows of $22,410 at press time, with 24-hour losses totaling around 3.3%. The move confirms suspicions among analysts that Bitcoin is due for a retracement after a week of near-constant gains. Traders are now eyeing $20,000, which orderbook data paints as a potentially formidable support level.
At the start of last week, the largest cryptocurrency was still at under $19,500, a level which Cointelegraph Markets analyst Michaël van de Poppe believes could now form a short-term price target. $22,800, he added in comments over the weekend, forms a crucial area to hold in order to preserve the prospects of further upside.
Major altcoin tokens saw a swift knock-on effect from Bitcoin's losses, with leader Ether (ETH) seeing a 6% daily dive.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 80.8% | 37 | $68 936.57 | -0.14% | 1.86% | $1 363 382 802 810 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 85.6% | 19 | $2 464.81 | -0.38% | -1.04% | $296 800 010 036 | ||
3 | USDT | Tether predictions | 93.2% | 1 | $0.999490 | -0.02% | 0.06% | $120 515 283 639 | ||
4 | BNB | Binance Coin predictions | 94.4% | 3 | $559.05 | -1.20% | -4.74% | $80 558 709 894 | ||
5 | SOL | Solana predictions | 68.4% | 62 | $162.90 | -0.83% | -7.16% | $76 693 939 011 | ||
6 | USDC | USD Coin predictions | 93.2% | 1 | $1.000091 | 0% | 0% | $34 896 136 023 | ||
7 | XRP | XRP predictions | 91.6% | 6 | $0.506338 | -0.34% | -1.54% | $28 794 766 739 | ||
8 | DOGE | Dogecoin predictions | 62.8% | 75 | $0.151887 | -3.16% | 7.10% | $22 273 350 128 | ||
9 | TRX | TRON predictions | 90.8% | 3 | $0.165000 | -0.20% | 0.87% | $14 264 557 271 | ||
10 | TON | Toncoin predictions | 86.8% | 14 | $4.85 | -0.02% | -2.13% | $12 331 475 288 | ||
11 | ADA | Cardano predictions | 88.8% | 9 | $0.334545 | -3.17% | -0.97% | $11 707 414 451 | ||
12 | STETH | Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
13 | WTRX | Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
14 | WBTC | Wrapped Bitcoin predictions | 90.8% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 | ||
15 | SHIB | SHIBA INU predictions | 82.8% | 30 | $0.000017 | -1.58% | -0.35% | $9 998 232 158 |
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