Bitcoin Price Update: Bitcoin Bull Run is not Over yet, watch out for the 100 EMA in the daily timeframe

Bitcoin is flowing below 100 Exponential Moving Average (EMA) on a daily Timeframe and the price is consolidating above 21 EMA. Bitcoin Price Update according to technical analysis is predictable however we shouldn’t trust what this weekend holds for us.

The live Bitcoin price today is $47,037.03 with a 24-hour trading volume of $28,673,792,492. We update our BTC to USD price in real-time. Bitcoin is down 0.65% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $885,169,179,052. The increase in volatility has given a rise to Bitcoin domination and the rise is still positive in bigger timeframes as in the Daily timeframe.

Bitcoin Price Update
Tradingview Bitcoin Price Chart

Bitcoin Price Update: Technical

The 1D timeframe chart has 21 EMA acting as support and 100 EMA flowing above is acting as resistance. The Falling Wedge Pattern is also obvious in the same timeframe.The red candle of fall from $52,000 to $42,000 has appeared as a inverted flag pattern. If the resistance of $48,170 breaks above, the falling wedge and the inverted flag pattern can pull a price rally upwards and the weekend ahead can turn all Green.


About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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