Bitcoin’s price consolidates above $20,000 on a relatively calm day where the best performer seems to be Ethereum Name Service .
The past 24 hours saw Bitcoin’s price consolidate above $20,000 while also defending an attempt by the bears to push it back below the coveted level. At the same time, the altcoin scene is also relatively calm, with XRP pushing towards $0.5 and being the best performer of the top alternative coins by means of total market capitalization.At the time of this writing, BTC’s price trades at around $20,200, up some 0.6% over the past 24 hours. The important thing to notice is the subsequent daily close above the important $20K level.
Also, the bears attempted to push the price below it, bringing it as low as $19,730 , but the bulls were determined to defend and prevented further declines, as evident in the chart below.It’s very important for the cryptocurrency to sustain its price above $20K if there would be any chances for a push higher.This is all you need not to miss any price action in the raging crypto markets.
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