Bitcoin is now trading at $16,700 during the Asian session, with investors ostensibly waiting for a strong fundamental factor to influence price movement.
Despite the global crypto market cap increasing by 0.60 percent to $812.94 billion the day before, major cryptocurrencies were trading in the red early on December 19. The total market volume for cryptocurrencies during the previous 24 hours was $21.44 billion, a decrease of 23.51 percent.
DeFi’s overall 24-hour volume was $1.17 billion, or 5.46 percent of the total crypto market volume. $19.30 billion was the total volume of all stablecoins, which is 90.04 percent of the 24-hour volume of the cryptocurrency market.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $16,568.92 |
Bitcoin Price Prediction
The price of bitcoin is currently $16,727, and there are $12 billion worth of transactions every day. In the past 24 hours, the BTC/USD pair has increased by over 0.15%, and CoinMarketCap is currently in first place with a live market cap of $321 billion.
On Monday, the BTC/USD is anticipated to encounter initial support around to $16,560. With the RSI and MACD in the oversold region, BTC prices could soar to the 23.6% Fibonacci retracement level of $17,000.
Future resistance for the BTC/USD pair will come from the 50-day simple moving average at $17,250 and the 38.2% Fibonacci retracement level. The $16,150 support level might be exposed if Bitcoin prices drop below $16,570.
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