Bitcoin Struggles To Break Past $19,500 As New Twist Surfaces, Here’s What To Expect

BTC’s price shows strength but has struggled to break past $19,500 as the price continues to move in circles. BTC bounced from a low of $18,200 after the price rallied toward $19,800 but was rejected by sellers. The price of BTC continues to trade below 50 and 200 Exponential Moving Averages (EMA) ahead of the weekly close. The price movement of Bitcoin (BTC) has shown some great price action lately as the price garnered momentum to bounce from a low of $18,200 to $19,800d against tether (USDT). Despite the strength shown by the price of Bitcoin (BTC), it has struggled to reclaim $19,500, which is key for a rally to the region of $20,000. Ahead of the weekly close, it is yet to be known if the price of BTC will rally to the upside or downside, as many traders are left in a dilemma. (Data from Binance) Related Reading: Mango Madness: Exploiter Could Walk Away With Unparalleled ~$50M Bug Bounty Bitcoin (BTC) Price Analysis On The Weekly Chart The week has been packed with so many events in the crypto space, but a notable one was the sharp decline in the crypto market after the release of the CPI news; the market appeared to be manipulated, with Bitcoin (BTC) dropping from $19,200 to $18,200 in hours and then back up to a range high of $19,800 before rejection back to $19,200. This price action seems more of manipulation with so much price volatility in a short time. With the possibility of Bitcoin Dominance (BTC.D) rising ...