The price of bitcoin has been fluctuating recently. Investors and analysts are keeping a close eye on the pricing of these digital assets as they continue to change in order to spot potential future trends.
With a recent increase, the price of one bitcoin has surpassed $21,300.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 20,947.96 |
Bitcoin Price Prediction
The price of bitcoin is at $21,357 after a modest 0.15% increase over the previous 24 hours and a huge 22% increase over the previous 7 days. In the same period, Bitcoin trading volume surpassed $25 billion.
On 18th of January Bitcoin made an unsuccessful attempt to break through the $21,400 barrier, and it now appears like it may be headed for a downward correction.
This is further supported by the overbought state that both the RSI and the MACD are showing. Another sign of impending bearish trend could be the closing of Doji candles slightly below this level.
A double top resistance on the daily chart can be a sign of a bearish trend or correction. Selling may start if prices go beyond $20,800 or $20,000 and continue until they are at $19,250.
In addition, a spike in demand might push Bitcoin beyond the $21,400 barrier and up into the $22,850 level.
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