Bitcoin has been down by 1.13% over the last 24 hours, and it experienced three major price fluctuations 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 kick-started the day near 7315 USD, and over the next 4 hours and 37 minutes, it gained 0.91% and was placed at 7382.33 USD. A huge decline in the value was seen following that. 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 accelerated the value to 7235.42 USD.
A marginal increment was witnessed 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-day MA is at 7351.55 USD, and its 50-day MA is 8207.4 USD. The present price at 7232.98 USD is 11.87% and 1.61% less than the 50-day and 20-day MA, respectively. BTC’s next resistance level will be at 7386.08 USD in the coming few days as its next resistance.