Bitcoin (BTC), the world’s most popular digital currency, continued its long upward trend and hit highs of $21,000. Recently, the Bitcoin network’s mining difficulty hit an all-time high, making it more challenging for miners to turn a profit.
The profitability of mining digital coins could be impacted by this rise in difficulty, which could have an impact on the price of Bitcoin.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 21,161.76 |
Bitcoin Price Prediction
The price of one bitcoin increased to $21,150. A positive breakout of its immediate resistance at $21,350 might drive the price as high as $22,850.
Furthermore, approaching the $24,500 mark, Bitcoin can run across more resistance. The appearance of “three white troops” signals the potential continuation of an upward trend. Near the levels of $21,000 or $20,500, Bitcoin may find immediate support on the downside.
When the double top resistance level of $21,350 is broken today, look for a buying opportunity because the RSI and MACD indicators are also pointing in a bullish direction.
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