• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 29, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Bitcoin Continues Trading Below $25k Level, Leading To Loss Of Confidence By Investors

Paul Brabus by Paul Brabus
August 18, 2022
in News
Reading Time: 4 mins read
0
bitcoin price
23
SHARES
Share on TwitterShare on Facebook

Bitcoin is still trying to cling to present support as trade volume keeps dropping after reaching a high of $25k on Sunday and now sliding to a lower level of $23k.

Even though the market capitalization of the cryptocurrency sector is still significantly higher than $1 trillion, this week’s losses for BTC and ETH have been in the range of 3–4%. Based on the direction the markets for Bitcoin and Ethereum are going, we’ll most likely see more support testing and a fall till next week.

Easy Points: 

  • The Price Of Bitcoin has still not broken free from the perpetual $23,000 and $24,000 narrow range.
  • Over the course of a day, trading volume keeps dropping as bitcoin markets remain steady.
  • Due to the losses in the cryptocurrency market, Q2 saw a dramatic decline in investor and Bitcoin trader confidence.
  • The BTC/USDT pair will probably continue trading sideways into September, when Ethereum’s merger transition could push the market to new heights.

Investors’ Sentiment Is Affected By Bitcoin’s Continual Struggle Within The $23-$24K Price Range

The $23-$24k area is BTCUSD’s favored trading range, according to the monthly bitcoin price chart, despite a decline to around $20k and a few peaks above the $24k range. BTC has traded in this range ever since July 27th.

For the foreseeable future, Bitcoin will still trade inside that range even though it keeps trying to pass the $24k barrier level. BTCUSD regularly monitors price changes on the stock market and tech indices like the NASDAQ.

Unfortunately, despite the NASDAQ’s massive performance this month, which saw an increase of over 25%, Bitcoin has not experienced significant gains for August.

Investors’ confidence is still low due to their hesitation to open long-term bullish bets in bitcoin. This is in response to information that recent mining losses were substantial. Notably, more than $1 billion in losses were incurred by four well-known miners collectively.

As a result of the crypto winter, Coinbase’s Q2 earnings have decreased by around $1.1 billion compared to a profit of nearly $1 billion realized during the same period last year.

How Bitcoin Will React In a Few Days

Despite these market concerns, Bitcoin has maintained its usual trading range without further declines. Additionally, there is still more than $1 trillion in cryptocurrency market capitalization. The longer BTCUSD clings to this level of support, the more likely it is that it will attempt to break through $25k and climb to its three-month high of $30k.

The Fear and Greed Index for Bitcoin has stabilized at 30, having peaked at 46 a few days ago when Bitcoin hit $25k levels. This proves categorically that the market hasn’t steadied, contrary to what many market analysts have claimed.

Many retail investors will be driven into the market after Bitcoin breaks the $30k barrier in the upcoming weeks, generating FOMO, and pushing the cryptocurrency further higher. Beginning a solid bull run or even a relief rally as a result.

With Ethereum’s most anticipated upgrade scheduled for September, big things are in store. With the transformation of the Network from a proof-of-work to a proof-of-stake model, there is a chance that the price of ether will rise significantly.

Ethereum poses significant challenges to Bitcoin because of the forthcoming Merge release. The next large bull run for Ethereum could be upon us, pushing it over Bitcoin in terms of market size. This process, called “The Flippening,” would elevate ETH to the most significant sustainable blockchain status.

Final Thoughts

Generally, the Crypto market is dull, with most of the altcoins seeing little or no gains at all. However, Fan tokens are on fire as SANTOS recorded almost 200% profit, from $5.888 to $17.000. Others like JUV, PORTO, ACM, ALPINE, PSG, and JUV are seeing over 50% increase each.

Also, This could be a perfect moment to build long-term investments in undervalued projects, given how quiet the bitcoin market is currently. If you want to invest in virtual property, NFTs, or the Metaverse, their current cheap prices are great for long-term ownership.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: designer491/123RF // Image Effects by Colorcinch

Tags: bitcoinEthereum
Previous Post

Top 5 AI & Big Data Tokens Below $100m Market Cap To Watch In August 2022

Next Post

Bitcoin Price Holds Above $21,000, While Transaction Fees Fall Below $1

Related Posts

Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier