The two largest cryptocurrencies in terms of market capitalization, Bitcoin and Ethereum, continue to pique the interest of traders and investors everywhere. The cryptocurrency market is holding fairly steady as the Asian trading session progresses, with BTC hanging just above the $23,000 barrier and ETH surging past $1,600.
In spite of the lack of volatility, the main cryptocurrencies, such as Bitcoin and Ethereum, are trading within narrow price bands as market participants get ready for a busy coming week.
Today’s Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 23,295.68 |
Bitcoin Price Prediction
Bitcoin currently has a price of $23,400 and a $17 billion 24-hour trading volume. The value of the digital currency has increased by 1.08% in the last day. Bitcoin is presently listed as the top cryptocurrency on CoinMarketCap with a live market worth of $451 billion. 19,303,075 BTC coins are now in circulation, while the total supply is capped at 21,000,000 BTC coins.
The current resistance level for Bitcoin is $23,500, and the immediate support level is at $22,800. The next support region for Bitcoin is at $22,150, which could be reached if the price drops below this mark. However, given that the BTC/USD pair has reached the oversold region, there is a chance of a comeback that could bring the price up to $24,250 by breaking through the resistance level at $23,500.
The BTC/USD pair’s critical support level is $22,800. BTC’s price might be exposed to the next support zone at $22,150 if the pair breaks through this level.
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