Bitcoin has remained stable, despite tremendous volatility in recent weeks. The price of bitcoin is staying within a small range of $22,350 and $23,350.
Many speculators are speculating about the possibility of a breakout as we approach the weekend.
The analysis of the price of bitcoin over the most recent days provides the answer to this query. Investors can determine whether or not BTC will break out of its current ranges this weekend by looking at the historical trends of these two major cryptocurrencies.
Investors may make wise decisions regarding their investments by comprehending the underlying elements that affect the price of Bitcoin.
Today’s Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 23,022.71 |
Bitcoin Price Prediction
Bitcoin is currently worth $23,004, with a $22 billion 24-hour trading volume. Bitcoin’s price has fluctuated throughout the past day, rising by less than 0.50%. The leader at the moment is CoinMarketCap, which has a live market worth $435 billion.
With immediate support holding steady at $22,500, Bitcoin is currently running into resistance at the $23,250 mark. A bearish market trend is probable if the price of Bitcoin drops below $22,500; it might even go as low as $21,500. We might observe an even more gloomy trend if it drops farther from there and approaches $20,450.
Both the Moving Average Convergence Divergence and the Relative Strength Index are overbought. However, a recent bullish engulfing candle was seen, indicating that the bullish market trend will persist.
The immediate price barrier for bitcoin is $23,250; if it rises above this level, it may move as high as $23,900 and $25,150.
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