Bitcoin Hourly chart shows Bitcoin double bottom pattern and it is testing the base area at $55,000 mark.
The Bitcoin price today is $57,626.19 USD with a 24-hour trading volume of $37,564,199,705 USD. Bitcoin is up 2.17% in the last 24 hours, with a live market cap of $1,088,056,216,255 USD. It has a circulating supply of 18,881,281 BTC coins.
Bitcoin tested the bottom at $55,530 yesterday, completing a double pattern. There is a pullback from the bottom and can drop to the price mentioned above, again. If Bitcoin breaks this support area, it will be a confirmation that the pattern is being followed. In such a case we can see Bitcoin making a base at fib 1.65 just above the $53,000. We have a resistance above at EMA 50 and then at EMA 100 near fib 0.328.