Although it is still consolidating in a narrow trading range between $15,800 and $17,200, Bitcoin is currently trading in a bearish manner due to the continuous market instability.
Early on November 21, major cryptocurrencies were trading in the red, with the market cap of cryptocurrencies down roughly 4% to $803 billion from the day before. On the other hand, the total volume of the crypto market rose by 59% to $52.85 billion in the previous day.
DeFi saw $4.60 billion in total volume, or 8% of the cryptocurrency market’s overall 24-hour volume. While the entire volume of all stablecoins was slightly over $51 billion, or 97% of the cryptocurrency market’s 24-hour volume.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | 16,174.22 |
Bitcoin Price Prediction
Bitcoin is currently trading at $16,112 and has a $28 billion 24-hour trading volume. Almost the past 24 hours, Bitcoin has decreased by over 3%. With a live market capitalization of $309 billion, down from $352 billion, CoinMarketCap is currently ranked top.
The total quantity is 21,000,000 BTC coins, and there are currently 19,213,150 BTC coins in circulation.
A breakout will determine the direction of the price movement for bitcoin, which has settled into a trading range between $16,000 and $17,000.
A cross over this level might take Bitcoin to the next resistance area of $18,100. Currently, Bitcoin is seeing immediate opposition near the $17,250 level.
The immediate support level for Bitcoin is $15,800, and a negative breakthrough of this level might lead to more selling space down to $15,800. A further breakdown below $15,800, though, may push Bitcoin as low as $14,550.
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