Bitcoin Price Could Possibly Rally Provided These Levels Are Crossed

Bitcoin price has been defeated by the bears after it traded around the $20,000 mark for quite some time. Over the last 24 hours, the coin fell by 2.1% and in the past week Bitcoin price lost close to 5% of its value.
At the current moment, the coin was trading at the $19,000 price level.
The price of the asset has been directly tied to the U.S Federal Reserve hiking the interest rates. Bitcoin similarly continued to face selling pressure on its chart.
The technical outlook continued to demonstr