Скачать или смотреть BTC price settles at $22.4K,

Concerns about Silvergate Bank's future, as Cointelegraph reported, heightened market trepidation and caused a cascade of margin calls to reach $22,000.

Only a slight recovery had occurred as of the writing, and perspectives were divided on how the short-term price action would proceed.

"Locked in some profit here on my short at $23,200 and put my stop loss into profit so it's risk free," a risk-off Crypto Tony told Twitter followers on the day.

Trading account for friends According to Daan Crypto Trading, Bitcoin may experience a mirror-like rebound that would result in the "Bart Simpson" chart structure's opposite.

Pentoshi, a well-known trader and analyst, took a step back and admitted he "did not know" what the future held for the markets.

"wanted to see a $23.8K clear break, which we were unable to achieve. After that, while waiting for the $22.3K area, which is already hit and filled, "Michal van de Poppe, founder and CEO of the trading firm Eight, contributed to Cointelegraph and part of his most recent Bitcoin update.

If $21,300 fails to hold, $20,000 is "inevitable."

A further investigation provided some longer-term prospects with even greater cause for optimism.

On daily timeframes, the overnight decline entirely reset Bitcoin's relative strength index (RSI), with the result that the score now corresponds to where it was at the beginning of 2023.

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