Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
According to CoinMarketCap.
Bitcoin/US Dollar
The price of Bitcoin (BTC) has increased by 2.45% in the past 24 hours.
BTC price fell after breaking the local support of $101,557. If the decline continues, there is a chance to test the $100,000 area by tomorrow.
On the larger time frame, the price of the major cryptocurrency is falling after a false breakout of the $102,747 resistance.
Related to
If seller pressure continues, traders may see a test of the $98,000-$99,000 range.
From a mid-term point of view, the price of the major currency is far from key levels. If the weekly bar close occurs with a long wick, one can expect a correction to $95,000.
Bitcoin is trading at $100,409 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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