The price of Bitcoin has been rapidly shifting in recent weeks, sending the cryptocurrency industry on an emotional roller coaster. Because the market is still unpredictable, it’s critical to keep up with the most recent events in order to make wise selections.
Whales have just shifted an estimated $743 million in cryptocurrency, which may be a sign of an impending price spike or crash. What you need to know about this development and how it can impact the price of Bitcoin in the future will be covered in this article.
Today’s Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 22,936.90 |
Bitcoin Price Prediction
The price of one bitcoin is $23,365 at the moment, and $15 billion is traded every day. It increased by 0.10% over the past day. With a $450 billion live market cap, it is currently ranked first on CoinMarketCap.
Out of a total maximum quantity of 21 million coins, 19,281,825 are currently in circulation.
Bitcoin has recently been drifting down, with $23300 acting as its immediate support level. The price may decline further if it breaks through this level, finally settling at $23,000, which is characterised by a rising trendline and may serve as a potential support level.
The next support level for the price of bitcoin, $22,750, may be reached if selling pressure increases, according to the RSI and MACD indicators.
The 50-day exponential moving average now indicates that BTC/USD is heading higher above $23,300 with positive momentum. This may signal the beginning of a rebound. The price might increase as high as $24,500 if it surpasses the $23,950 barrier.
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