Bitcoin is under clouds after it broke below the ranging zone of $45000 support and $52,000 resistance.
Bitcoin price today is $41,654.04 USD with a 24-hour trading volume of $72,407,909,884 USD. Bitcoin is down 3.13% in the last 24 hours, with a market cap of $788,196,727,709 USD. It has a circulating supply of 18,922,456 BTC coins.
Bitcoin price: Analysis
Yesterday we marked the local support of Bitcoin at $40000 and now the price is punching that level. There will be a bunch of orders waiting to be filled at $40,000 support and we might witness a sharp green spike. Now keeping that candle green will be the only chance for bulls as below this support level, the drop will be fatal as the head and shoulder pattern will trigger a huge bearish rally. Bitcoin has resistance at EMA 100 near $45,000 and the next Support level is below $35,000, fib 1.272.