Bitcoin is caught inside a parallel channel that making lower lows and lower highs since last week.
Bitcoin price today is $48,151.46 USD with a 24-hour trading volume of $31,064,962,333 USD. Bitcoin is up 0.66% in the last 24 hours, with a market cap of $909,930,415,820 USD. It has a circulating supply of 18,897,256 BTC coins.
Bitcoin Breakout: Analysis
Bitcoin is currently holding the support level of $47322, where it dropped yesterday. A breakout from such a channel making lower lows and higher highs from considerable support can be Bullish and trigger the price rally up to $54,000, the price level of December 03, 2021. The local resistance is at $49,250 at fib 0.5.