Bitcoin failed to sustain the momentum they had gained and dipped past the $23,000 marks, respectively. This affected the overall cryptocurrency market value, as it decreased by 3.52% to reach a total of $1 trillion.
The cryptocurrency markets have expanded since the start of 2023, with recent days seeing a rise of more than 40% in the price of Bitcoin. However, given that it has started to decline below $23,000, Bitcoin’s growth seems to be slowing down.
Today’s Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 22,586.69 |
Bitcoin Price Prediction
Bitcoin has a market cap of $22,667 as of right now, and its 24-hour trading volume is $27 billion. Within the past day, Bitcoin’s price has decreased by almost 1.50%. At the moment, CoinMarketCap is the best, with a current market value of $437 billion.
The closure of doji candles above the support level of $22,325 for bitcoin suggests that a positive bounce-off is still feasible.
On the upside, Bitcoin’s first resistance level is $23,250; if this level is broken, BTC may reach levels as high as $23,900 and $25,150.
On the downside, a negative breakout of the $22,325 level might lead to a continuation of the selling trend all the way to the $21,500 barrier. Bitcoin may drop as low as $20,450 if it drops below $21,500.
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