The largest cryptocurrency in the world, Bitcoin (BTC), is continuing to rise, but $17,500 has proven to be a formidable barrier.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 17,528.62 |
Bitcoin Price Prediction
Bitcoin is currently selling at $17,500, with a 24-hour trading volume of $16 billion. After failing to surpass the $17,500 barrier mark, Bitcoin has experienced a slight decline. As it gets closer to $17,200, it is now gaining immediate support.
The next resistance level of $17,800 can be reached by Bitcoin’s price if the $17,500 level is successfully broken. In the 4-hour time frame, Bitcoin produced a doji candle, signifying investors’ lack of decision-making. They can be waiting for a good justification before deciding on their next course of action.
On the bearish side, it is projected that the $17,200 level will act as an instant support. A negative breach of this point would then cause the decline to continue until the following support level, which is either $16,800 or $16,650.
[embedpost slug=”eth-price-prediction-todays-ehereum-price-12th-jan-2023/”]
