Bitcoin has been down by 1.13% over the last 24 hours, and it has shown three major price swings in the range of 7382 USD and 7175 USD. It is expected that Bitcoin may take things slower from now on.
Bitcoin Price Prediction
Bitcoin opened the day near 7315 USD, and over the next 4 hours and 37 minutes, it gained 0.91% and got placed at 7382.33 USD. It was followed by a huge decline in the value. Between 04:44 UTC and 17:59 UTC, Bitcoin fell by 2.80% and touched the lowest point of the day at 7175.77 USD. The last swing of Bitcoin happened between 17:59 UTC and 01:22 UTC today and in these 7 hours and 22 minutes, Bitcoin managed a hike of 0.83% that added 59.65 USD and pushed the value to 7235.42 USD.
There has been a marginal increment in the market cap of Bitcoin. Yesterday, the market cap was at 131.696 billion USD, and today, it has been increased to 131.829 billion USD.
Bitcoin’s 20 days MA stands at 7351.55 USD, and it’s 50 days MA is now at 8207.4 USD. The current price at 7232.98 USD is 11.87% and 1.61% less than the 50 days and 20 days moving averages, respectively. BTC’s next halt may come at 7386.08 USD in the coming few days as its next resistance.