The current price of Bitcoin is $123,421.76, with an increase of 3.38% in the last 24 hours. The current market capitalization is $2.42 trillion. Here are some key points to analyze:
- Price: The price of Bitcoin has risen by 2.67% in the last day, reaching a high of $123,682.45 and a low of $118,939.63.
- Trends: The current trend is bullish, with an increase of 108.34% in the last year.
- Technical analysis: The RSI provides additional information about market momentum by measuring the size of Bitcoin's price movements to determine if it is overvalued or undervalued.
- Support and resistance: Support and resistance levels are crucial for determining the direction of the trend. The price of Bitcoin has recently broken the resistance level of $121,496.72.
- Predictions: According to some forecasts, the price of Bitcoin could range between $120,000 and $130,000 in the short term.
Key indicators.
- Market capitalization: $2.46 trillion
- Trading volume: $75.54 billion
- Circulating supply: 19.91 million
- Maximum supply: 21 million
Fundamental analysis.
- The dynamics of supply and demand are crucial for determining the price of Bitcoin.
- Growing adoption and protocol updates can influence the price.
- Whale activity and political regulations can also impact the market. 🤗😉