Exploring the Bitcoin Boom: A Look at the Factors Driving the Price Increase

Bitcoin price resumes increase as the crypto bulls take control.

Bitcoin price touch $21,000 BTC is rising and may be moving toward the $22,000 resistance level. 

BTC price currently trading above the $20,200 level and 100 hourly simple moving average. 

There is a major bullish trend line forming with support of $20,500 on the hourly graph BTC/USD pair. the pair could rise further above the $21,500 level. 

Bitcoin is now trending on CoinMarketCap. The live Bitcoin price today is $21,107.90 with a 24-hour trading volume of $22,222,035,140. Bitcoin is up 1.96% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $406,616,341,797. It has a circulating supply of 19,263,706 BTC coins and a max. supply of 21,000,000 BTC coins.

Bitcoin price statistics the BTC price change in 24 hours is +$422.19 with 2.03% 24-hour low is $20,606.99 and the 24-hour high is $21,345.25 with 40.93% Market dominance. 

BTC 7 day low is $17,162.99 and 7 day high is $21,345.25 with 15499.59% Bitcoin ROI.

Bitcoin price consolidated for some time above the $20,500 level a high is formed near $21,484 and the price currently indicates upsides. BTC is right now above $20,200 and the 100 hourly simple moving average. there is also a major bullish trend line forming with support near $20,500 on the BTC/USD pair.

Related: Ethereum Hits Ten-Week Higher as The Bulls Aim $1,720