Bitcoin Price Surge Could Extend Above $24K

Bitcoin Price increased 18.76% in the last 7 days, and 7.52% in the last 24 hours it might reach the $24K level, but indicators Turn Green.

Bitcoin Price Surge Could Extend Above $24K

The price is now trading above the $22,750 level and testing the 100 hourly moving average.

Source: CoinMarketCap - 7 days trading graph

There is a bullish signal with approx $22,750 on the hourly chart of the BTC/USD pair. The pair may rise to the $25,000 levels. 

Bitcoin is the Most Trending coin on CoinMarketCap. The live Bitcoin price today is $23,537.76 with a 24-hour trading volume of $48,330,961,856 Bitcoin is up 7.40% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $449,531,950,674 USD. It has a circulating supply of 19,098,331 BTC coins and a max. supply of 21,000,000 BTC coins.

Source: CoinMarketCap - 1 days trading graph

The Bitcoin price even broke the $23,500 level and settled above the 100 hourly moving average A high was approx $23,782 and the price is now gaining. 

Furthermore, there is also a major bullish trend line forming with support approx $22,750 on the hourly chart of the BTC/USD pair bitcoin price could face resistance near the $23,500 level.

BTC now sits near the $22,750 level and the trend line zone is close to the 50% FIB level of the upward move from the $21,403 swing low to the $23,782 high.

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