Bitcoin Price Holds Above The $96,000 Mark
As the volatility in the market increases, the price of Bitcoin is back above the $96,000 mark. With an intraday trading volume of $23.16 billion, it has recorded a change of -0.78%. With a circulating supply of 19.85 million, it has a market capitalization of $1.907 trillion
The Moving Average Convergence Divergence (MACD) records a constant decline in the green histogram. However, its SMA indicator constantly supports the Bitcoin price chart in the daily time frame. This suggests a rising uncertainty for the largest crypto token in the market.
If the bullish sentiment in the market sustains, this could result in the price of Bitcoin smashing its $100,000 mark and heading toward its upper price target of $105,000. Conversely, a strong bearish pullback may slit the price toward its low of $90,000 during the upcoming week.
