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BTC Price Recovers as It Reclaims the $20.2 Support

Bitcoin Price Prediction for Today September 26: BTC Price Recovers as It Reclaims the $20.2 Support

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Bitcoin Up As It Regains $20.2 Support – September 26, 2022

Today, BTC price has broken above the 21-day SMA as it reclaims the $20.2 support. By the way, buyers have also crossed the $20,000 peak. The largest cryptocurrency will reach a peak of $22,000 if the current rate of increase continues.

Bitcoin price statistics:
•Bitcoin price now – $20,166.33
•Bitcoin market cap – $386,499,278,634
• Circulating bitcoin supply – 19,161,725.00 BTC
•Total Bitcoin Supply – 19,161,725.00 BTC
•Bitcoin Coinmarketcap Ranking – #1

Resistance levels: $50,000, $55,000, $60,000
Support levels: $25,000, $20,000, $15,000

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Bitcoin (BTC) price is in a downtrend, but is making an upward correction to previous highs. On the other hand, buyers have crossed the 21-day SMA. Bitcoin tends to rise to the 50-day line SMA. The largest cryptocurrency will continue to rise if the price crosses the 50-day SMA line. Buyers are trying to pressure Bitcoin to return to the $25,205 overhead. On the other hand, if the buyers do not breach the 50-day SMA line, Bitcoin is bound to move in a range between the $18,675 and $22,000 price levels. Meanwhile, BTC price is above the 21-day SMA but below the 50-day SMA.

Satoshi Nakamoto named Bitcoin almost Netcoin in 2008

AnonymousSpeech is a Japanese service that allows users to buy domains anonymously. Purchases of the AnonymousSpeech domain similar to the creation of Netcoin.org on August 17, 2008 were revealed during the creation of Bitcoin.org. was August 18. After http://bitcoin.org. domain was first registered, someone bought http://netcoin.org using the same registrar. It seemed that Satoshi considered the difference between the two names and later left the page http://netcoin.org. Historical data on domain purchases showed that Bitcoin (BTC) creator Satoshi Nakamoto had Netcoin.org. which did not make it to the white paper.

Bitcoin Price Prediction for Today September 26: BTC price recovers as it regains $20.2 support
BTC/USD – Daily Chart

Meanwhile, Bitcoin has gained momentum as it regains support at $20.2. The bottom line is that Bitcoin will return to previous highs if the current support holds. At the same time, BTC price is at the relative strength index level of 51 in period 14. It shows that there is a balance between supply and demand.

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