The Bitcoin price prediction remained mainly stable as BTC consolidated slightly below $17,000. James Butterfill reported on Twitter that the 30-day volatility of Bitcoin has dropped to a historic low of 18.7, placing it within the range of well-known equity indices like the Nasdaq and S&P 500.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 16,939.41 |
Bitcoin Price Prediction
Bitcoin had a 24-hour trading volume of $7.6 billion and is presently trading at $16, 948. After failing to close above the $17,000 double-top resistance level, bitcoin may drop to the $16,775 support region. BTC is in an ascending channel on the 4-hour time frame, which suggests that a closing over $16,775 could start a downturn.
If bitcoin drops below $16,775 today, it might drop as low as $16,450. Above $16,775, BTC might be starting a buying trend.
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