The top cryptocurrency, Bitcoin, increased by more than 2.5% to $16,815 after being rejected at the $17,250 resistance level, signaling a minor recovery in the cryptocurrency market. The second-most valued cryptocurrency, Ethereum, is also increasing and reached $1,286 after defying a symmetrical triangular pattern.
Major cryptocurrencies were trading favorably early on December 1 due to the previous day’s 0.56 percent increase in the market capitalization of cryptocurrencies to $861.06 billion.
The total volume of the cryptocurrency market increased by 5.03 percent on the previous day to $49.73 billion. DeFi’s overall 24-hour volume was $3.43 billion, or 6.90 percent of the total volume in the cryptocurrency market.
$47.01 billion was the total 24-hour volume of all stablecoins, or 94.53 percent of the whole crypto market.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | 16,955.74 |
Bitcoin Price Prediction
The price of one bitcoin is currently $16,815 and there are $24 billion worth of transactions every day. The BTC/USD pair has increased by around 2.5% over the past day, according to CoinMarketCap, which is presently ranked first with a live market worth of $323 billion (down from $323 billion yesterday).
19,220,518 BTC coins are now in circulation out of a total quantity of 21,000,000 BTC coins.
Although it has entered an overbought zone and the double top pattern is extending resistance close to the $17,255 level, the BTC/USD is trading with a bullish bias on Thursday. The following resistance levels of $17,600 and $18,000 might be reached by Bitcoin if a bullish breakout of the $17,255 level occurs.
A bearish pullback under $17,250 is possible since the RSI and MACD are in the overbought region. The immediate support level for Bitcoin is $16,700, and it can go as low as $16,250.
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