Bitcoin Makes Failed to move above $25,000
Bitcoin(BTC) Makes Failed Attempt at Breakout Move above $25,000 price level.
Bitcoin has been rejected by the resistance level of a corrective chart and is now attempting to find support.
Bitcoin has been expanding inside a climbing equal channel since June 18. Such channels as a rule contain restorative developments, implying that an inevitable breakdown from it would be reasonable. The outrageous cross-over inside the example additionally upholds this chance.
The live Bitcoin price today is $24,094.71 with a 24-hour trading volume of $28,821,171,226. Bitcoin is down 0.47% in the last 24 hours The current CoinMarketCap ranking is #1, with a live market cap of $460,762,714,290. It has a circulating supply of 19,122,981 BTC coins and a max. supply of 21,000,000 BTC coins.
Source: CoinMarketCap
The global crypto market cap is $1.15T, a 0.06% increase over the last day The total crypto market volume over the last 24 hours is $67.26B, which makes a 13.32% decrease. The total volume in DeFi is currently $5.39B, 8.01% of the total crypto market 24-hour volume. The volume of all Stablecoins is now $61.89B, 92.02% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 39.98%, a decrease of 0.21% over the day. The total crypto market volume over the last 24 hours is $67.26B, which makes a 13.32% decrease. The total volume in DeFi is currently $5.39B, 8.01% of the total crypto market 24-hour volume. The volume of all Stablecoins is now $61.89B,
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92.02% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 39.98%, a decrease of 0.21% over the day.
Bitcoin has been down continuously since the last attempt and is now approaching an ascending support line that has been in place since July 13.
According to the Bitcoin graph, BTC is down to the support line of nearly $21,000 lower.
For the build-up to stay right, Bitcoin needs to hang on over the slant of the first 1-2 and break out over its rising resistance line (black). The elective transient count proposes that the whole vertical move since June 18 is essential for the main corner to corner, subsequently the state of the rising wedge. For this situation, a breakdown from the wedge and ensuing diminishing towards the 0.5-0.618 Fib retracement support levels at $20,500 to $21,400 would be supposed to precede the continuation of the vertical development.
