Bitcoin skidded to $33,000 on January 24 and quickly channeled up 14% nearing the resistance level of $40,000.
Bitcoin price today is $37,969.79 USD with a 24-hour trading volume of $28,252,343,125 USD. Bitcoin is up 4.32% in the last 24 hours, with a market cap of $719,165,378,582 USD. It has a circulating supply of 18,940,462 BTC coins.
Bitcoin Channels up: Analysis
Bitcoin has been making lower highs after scoring an all-time high of $69,000 on November 10, mostly ranging below EMA 20. Taking that into account, Bitcoin is not bullish on a daily timeframe until it crosses EMA 20 or updates the last high above $41,000. These green candles are rising towards EMA 20 support to record another lower high and Bitcoin will supposedly update lower low by dropping again at $31,750 support.