The price of Bitcoin, the biggest altcoin in the world, has increased recently, rising over 4% in the past few hours. The price of Bitcoin has lost some of its recent advances, and the gains appear to be fading.
This could be as a result of some experts’ predictions that Bitcoin will decline to below $13,000.
At the same time, analysts predict a price increase, so Bitcoin’s future still looks promising.
TODAY’S BITCOIN PRICE
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $ 27,984.08 |
BITCOIN PRICE PREDICTION
The price of one Bitcoin is currently $28,258 with a $21.4 billion 24-hour market volume. Within the last 24 hours, Bitcoin has decreased by almost 0.20%. With a $546.3 billion live market cap, Bitcoin is the industry leader.
The BTC/USD pair is currently showing a volatile trend, according to technical analysis, with possible resistance anticipated around the $28,900 level.
As long as Bitcoin’s price fluctuates around $27,900, the technical prognosis is still largely stable.
Bitcoin’s value could rise and possibly hit $29,200 or even $30,700 if the BTC/USD pair is able to break through the resistance level at $28,950.
On the other hand, if a downward trend occurs, it is anticipated that Bitcoin’s price will encounter firm support levels between $26,600 and $25,200.
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