#ShareYourThoughtOnBTC Bitcoin (BTC) is currently trading at around $108,836.15, with a 0.31% increase over the last 24 hours. The market capitalization stands at approximately $2.16 trillion, with a 24-hour trading volume of $54.32 billion. Here are some key statistics ¹:
- *Current Price*: $108,836.15
- *Market Capitalization*: $2.16 trillion
- *24-hour Trading Volume*: $54.32 billion
- *Circulating Supply*: 19.87 million BTC
- *Max Supply*: 21 million BTC
As for the market trend, Bitcoin has shown a bullish momentum, recently crossing $110,000 and showing strong investor confidence. Some analysts predict a continuation of the uptrend, while others see potential for correction due to bearish signals like the double top pattern and RSI divergence ².
*Recent Price Movement*:
- *1-day change*: 0.19% increase
- *1-week change*: 3.85% increase
- *1-month change*: 15.89% increase
- *1-year change*: 60.22% increase
*What to Watch For*:
- Resistance levels around $111,794.8 - $111,829.8
- Support zones between $103,764 and $104,633
- Potential for a double bottom breakout targeting $110,000
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. It's essential to stay informed and consider multiple perspectives before making investment decisions.