The Bitcoin price prediction hasn’t changed much throughout the Asian session today, as BTC remains above the critical support level of $16,550. The market is expecting a crucial on-chain signal in order to enter a classic bull market, given the upbeat technical indicators.
The persistent worry in the market keeps the value of Bitcoin and other cryptocurrencies in check.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $16,761.10 |
Bitcoin Price Prediction
The current price of Bitcoin is $16,747, and the 24-hour trading volume is $11 billion. Since yesterday, Bitcoin’s price has decreased by almost 0.20%.
On Sunday, it is anticipated that the BTC/USD pair will find immediate support around $16,560. The RSI and MACD indicators are in the oversold region, which might force BTC prices to surge to the $17,000 23.6% Fibonacci retracement level.
Further upward, the 38.2% Fibonacci retracement point and the 50-day simple moving average stretch to a level of $17,250, where the BTC/USD pair is expected to encounter new resistance.
On the other hand, a break below $16,570 may push Bitcoin as low as $16,150.
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