BTC's Rise to the Top over $28.5K: A Look at the Factors Driving the Bitcoin Price Increase
Crypto king Bitcoin indicates a fresh increase of over $28.5K in the last 7 days.
Bitcoin is gaining above the $29,000 resistance level.
Currently, Bitcoin's price is trading above the $28,224.52 and 100 hourly simple moving average.
There is a key bullish trend between BTC/USD pair with a support level near $27,750 on the hourly graph.
BTC/USD pair could gain bullish momentum if there is a close above the $28,500 level.
Bitcoin bulls protected the 61.8% FIB retracement level of the upward move from the $23,912 swing low to the $28591 high.
The next major resistance is nearly $28,500 or higher. a close above $28,500 may start another major increase in the case.
The price could increase towards the $28,200 level.
The live Bitcoin price today is $28,249.60 with a 24-hour trading volume of $34,776,353,865. BTC to USD price in real-time. Bitcoin is up 1.63% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $545,907,496,747. It has a circulating supply of 19,324,431 BTC coins and a max. supply of 21,000,000 BTC coins.
Bitcoin Price statistics the BTC price change in 24 hours is +$455.63 of +1.64% and BTC's 24-hour low is $27,439.65 and BTC's 24-hour high is $28,439.56 with 46.03% Market dominance.
Bitcoin price 7 day low is $23,964.91 and 7 day BTC price high is $28,440.56 with 20765.17%