Bitcoin is sitting idle at the import key support level inside a ranging zone of $52,000 and $45,000.
Bitcoin price today is $46,176.74 USD with a 24-hour trading volume of $28,754,209,325 USD. Bitcoin is down 0.80% in the last 24 hours, with a market cap of $873,691,315,245 USD. It has a circulating supply of 18,920,593 BTC coins.
Last weekend passed undecisive as it couldn’t break in either direction however it appears to cling to the support zone. It is very obvious now that the retailers’ stop losses will be waiting right below this support zone. Yes, breaking below this level can trigger a big bearish rally however, whales might try to fake out the bearish trend just to liquidate the weak positions and get a better buying price. Besides this zone, the next support level is at $40,000 and the major resistance is at $57,000.