Coin Edition -
- Bitcoin dips 0.02%, failing to breach $69,336 resistance, sparking potential lower-level tests.
- BTC trading volume surges 23% to $18.6B, signaling trader accumulation amid resistance struggles.
- RSI at 57.93 hints at neutral momentum, while MACD signals a bullish trend despite waning momentum.
In the last 24 hours, Bitcoin’s (BTC) price has been in a bearish phase after failing to breach the $69,336 resistance. Despite a robust weekly close, the cryptocurrency was unable to sustain a rally beyond the $69,000 resistance, marking another unsuccessful attempt to flip this resistance to support, prompting discussions about potential lower-level tests.
BTC/USD 24-hour price chart (source: CoinMarketCap)
As of press time, BTC was trading at $68,499, a 0.02% dip from its intra-day high. During the dip, BTC’s market capitalization decreased by 0.82% to $1,349,522,566,505. Conversely, the 24-hour trading volume surged by 23% to $18,603,572,455, suggesting that traders are continuing to accumulate.
Bitcoin (BTC) Price Trend
Throughout the previous week, Bitcoin prices oscillated near the $69,000 resistance level. Despite a brief surge above $69,500, the predominant sentiment among market participants was one of caution, leading to a price consolidation. Market analysts observed that the $69,000 level has emerged as a significant resistance point that Bitcoin has struggled to surpass convincingly.
#Bitcoin Liquidation Heatmap