Bitcoin Rise to the Top: How it Became One of the Strongest Cryptocurrencies
Bitcoin price started a downside correction below $23,000 BTC is testing important support and may start a fresh increase towards $23,500.
Bitcoin started a downside correction and declined below the $23000 support level.
The price is trading below $23000 and the 100 hourly simples moving average.
There is a bullish trend forming with support near $22400 on the hourly graph the BTC/USD pair
BTC/USD pair could have a fresh increase if it stays above the $22,000 support level.
Bitcoin price struggled to clear the $23,400 and $23,500 levels BTC started a downside correction and traded below the $23,000 support level.
Bitcoin price decreased below the 23.6% FIB retracement level of the key increase from the $20,395 swing low to the $24,250 high the price even spiked below the $22,500 support level. the bulls appeared near the support zone.
Bitcoin is currently trading below $23,000 and the 100 hourly simple moving average the next major resistance is near the $22,550 zone or the 100 hourly simple moving average which the price may gain bullish momentum in the stated case. the price may perhaps rise towards the $23,200 level.
the next resistance could be near the $23,500 level BTC price towards the $24,200 level.
The live Bitcoin price today is $22,700.55 with a 24-hour trading volume of $27,389,130,763. Bitcoin is down 1.59% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $437,482,314,450. It has a circulating supply of 19,271,881 BTC coins and a max. supply of 21,000,000 BTC coins.
Bitcoin price statistics the BTC price change in 24 hours is -$290.74 of 1.27% 24 hour low is $22,406.08 and 24 hours high is $23,059.64 with 42.54% Market dominance.
Bitcoin 7 day low is $20,541.54 and 7 day high is $23,282.35 with 16677.94% Bitcoin ROI
If the bitcoin price stays above the trend line support or $22,200 it could continue to move immediate support on the downside near the $22000 zone.
The next major support is near the $21000 zone or the 50% FIB retracement level of the key increase from the $20,395 swing low to the $24,250 high a downside break below the $21900 level may send the price towards the $21290 level any more losses may send the price to $20,500.