Bitcoin Under $19 Thousand! 19 September 2022 Market Analysis

According to CoinGecko data, the total market value of crypto money markets decreased by 7.1 percent in the last 24 hours to $ 945 billion. Let’s take a look at the latest situation in the cryptocurrency market together. Let’s examine the price movements in Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) together. How many dollars is bitcoin trading at? What level is Ethereum at? What is the latest situation in Cardano?

Bitcoin (BTC) Latest Status

Bitcoin has dropped 7.9 in the last 24 hours, according to CoinGecko data. The leading cryptocurrency of the market, Bitcoin, fell below the 19 thousand level with the decline. The whole market was affected by this fall of Bitcoin. This drop caused Bitcoin to lose the levels it rose to in its last rally. Thus, Bitcoin fell back to $ 19,000.

Bitcoin’s 4-hour chart

It will be very important for Bitcoin to get a reaction from these levels and hold onto the $20,000 band again. If we’re going to see a drop from here, the next stop could be the $17,000 region. If there will be a rise, the first stop of Bitcoin will be to hold on to the $ 19-20 thousand band. As of writing, Bitcoin is trading at $ 18 thousand.

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Ethereum (ETH) Latest Status

While the market expects the Ethereum Merge to reflect positively on the Ethereum price in the coming days, Ethereum recorded a decline. In this context, when we examine the price movement on the Ethereum (ETH) side, we see that ETH has decreased by 11.1 in the last 24 hours according to CoinGecko data.

Ethereum’s 4-hour chart

In Ethereum, we can say that the next target is to hold the $1,500 level again. If there is a drop on the Ethereum side, our first stop could be the $1,300 band. As of writing, Ethereum is trading at $1,200.

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Cardano (ADA) Latest Status

Cardano, the 8th most popular coin in the crypto money market, also fell to a lower support. Although Cardano, whose Vasil Hard Fork is expected, has postponed this update more than once, users continue to wait after the statements of Cardano founder Charles Hoskinson.

Cardano’s 4-hour chart

Cardano has dropped 9.6 in the last 24 hours. The critical areas in Cardano are the $0.48 resistance and the 0.43 support. Cardano is trading above the $0.43 support at the time of writing.

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