Bitcoin and Bearish Weekend

Bitcoin and Bearish Weekend: Price Analysis

Striking at the local support, Bitcoin and Bearish Weekend might turn the price movement in the favor of bears.  Weekends are mostly volatile and Bitcoin and the whole market make decisive moves in these days.Bitcoin and Bearish Weekend

The Bitcoin price today is $46,318 with a 24-hour trading volume of $27,649,474,090. Bitcoin is down 0.37% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $880,108,633,164. Bitcoin is under MACD crossover while RSI looks neutral. If Bitcoin manages to survive this weekend and respects the support level of $44,000, it is very likely to update the local high to our target of $49,500, in the coming week.

Also Read: Is Bitcoin going to claim $50,000?

Bitcoin’s support levels are at $45600 and $44,000, above fib 0.236 and fib 0.386 respectively on a 4-hour chart. Bitcoin has major resistance at $49500.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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