{"id":515870,"date":"2023-01-13T17:49:58","date_gmt":"2023-01-13T22:49:58","guid":{"rendered":"https:\/\/wncen.com\/?p=515870"},"modified":"2024-06-11T08:04:36","modified_gmt":"2024-06-11T08:04:36","slug":"bitcoin-price-touches-20000-for-first-time-post-ftx-collapse","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-touches-20000-for-first-time-post-ftx-collapse\/","title":{"rendered":"Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse"},"content":{"rendered":"

Bitcoin price<\/a>\u00a0has tapped $20,000 for the first time since the FTX. Not only was the level important support that broke down during the contagion, but it was also the former 2017 all-time high.<\/p>\n

Here’s what the recent price move could mean for the cryptocurrency market.<\/p>\n

Bitcoin Reaches Key Level And 2017 ATH<\/h2>\n

At approximately 6PM ET, Bitcoin price touched $20,000. Losing the level put stress on long-term holders by sending the price per coin tumbling to $15,800 and far below the former 2017 bull market peak.<\/p>\n

Related Reading: Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC<\/a><\/div>\n

After being rejected in 2017, cryptocurrencies fell into a long bear market. It wasn’t until December 2020 when Bitcoin once again made it above the critical level. And when it did, it blasted right through it to $60,000.<\/p>\n

Once Bitcoin has reclaimed the level, what happens next?<\/p>\n

\"bitcoin\"<\/p>\n

Bitcoin price has touched $20,000 for the first time since the FTX collapse | BTCUSD on TradingView.com<\/pre>\n
BTCUSD Levels To Watch For Next\u00a0<\/span><\/h2>\n
Considering how bearish the sentiment was throughout 2022, crypto holders aren’t yet ready to FOMO into Bitcoin simply due to a break of $20,000. The top cryptocurrency may need to rally higher before the crowd begins to pile in.<\/p>\n
Related Reading: Currency Expert Explains Why Altcoins Experience More Carnage Than Bitcoin And Ethereum<\/a><\/div>\n
Bitcoin above $28,000 could be a sign of a more sustainable recovery. Meanwhile, rejection at $20,000 again could be catastrophic for the crypto market and cause BTC to try for new lows.<\/p>\n
Follow @TonySpilotroBTC on Twitter<\/a> or join\u00a0the TonyTradesBTC Telegram<\/a> for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price\u00a0has tapped $20,000 for the first time since the FTX. Not only was the level important support that broke down during the contagion, but it was also the former 2017 all-time high. Here’s what the recent price move could mean for the cryptocurrency market. Bitcoin Reaches Key Level And 2017 ATH At approximately 6PM ET, Bitcoin price touched $20,000. Losing the level put stress on long-term holders by sending the price per coin tumbling to $15,800 and far below the former 2017 bull market peak. Related Reading: Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC After being rejected in 2017, cryptocurrencies fell into a long bear market. It wasn’t until December 2020 when Bitcoin once again made it above the critical level. And when it did, it blasted right through it to $60,000. Once Bitcoin has reclaimed the level, what happens next? Bitcoin price has touched $20,000 for the first time since the FTX collapse | BTCUSD on TradingView.com BTCUSD Levels To Watch For Next\u00a0 Considering how bearish the sentiment was throughout 2022, crypto holders aren’t yet ready to FOMO into Bitcoin simply due to a break of $20,000. The top cryptocurrency may need to rally higher before the crowd begins to pile in. Related Reading: Currency Expert Explains Why Altcoins Experience More Carnage Than Bitcoin And Ethereum Bitcoin above $28,000 could be a sign of a more sustainable recovery. Meanwhile, rejection at $20,000 again could be catastrophic for the crypto market and cause BTC to try for new lows. Follow @TonySpilotroBTC on Twitter or join\u00a0the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":516057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790],"class_list":["post-515870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Price Touches $20,000 For First Time Post-FTX Collapse<\/title>\n<meta name=\"description\" content=\"Bitcoin price\u00a0has tapped $20,000 for the first time since the FTX. 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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse","url":"http:\/\/wncen.com\/news\/bitcoin-price-touches-20000-for-first-time-post-ftx-collapse\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-touches-20000-for-first-time-post-ftx-collapse\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/iStock-1314199360.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/iStock-1314199360.jpeg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt"],"dateCreated":"2023-01-13T22:49:58Z","datePublished":"2023-01-13T22:49:58Z","dateModified":"2024-06-11T08:04:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-touches-20000-for-first-time-post-ftx-collapse\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-touches-20000-for-first-time-post-ftx-collapse\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/iStock-1314199360.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/iStock-1314199360.jpeg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-01-13T22:49:58Z\",\"datePublished\":\"2023-01-13T22:49:58Z\",\"dateModified\":\"2024-06-11T08:04:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/iStock-1314199360.jpeg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/515870"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=515870"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/515870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/516057"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=515870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=515870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=515870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}