Bitcoin still at $19,000; will there be a small pullback before a new bullish movement?

Bitcoin´s price remains in the $19,000 range, a move that some analysts see as a small pullback that may result in starting its upward movement. In recent days, the cryptocurrency has moved between this level and the $21,000 level.

So far in October, the price of digital currencies has been changing, a usual trend in this market when a rebound is coming, experts stated.

In fact, from some points of view, it is predicted that Bitcoin´s price could exceed $79,000 by 2025, before reaching around $22,000 by the end of 2022. That is, provided that external economic conditions improve and the regulatory environment is in its favor.

On the last trading day, the global market capitalization of cryptocurrencies stood at $912.5 billion, a decline of approximately 1.6%.

As for Bitcoin, in the last 24 hours, it has been falling slightly, although with volatile oscillations, but the important thing is the $20,000, a mark that since last September 5 has become a resistance difficult to break.

When it comes to the rest of the cryptocurrencies, Ethereum follows a similar path, moving in the range of $1,440 to $1,280, with which it is close to what was its minimum support for much of last month.