Bitcoin retests the $58,900 mark, slightly missing the $59,000; and that’s where the bears took over and threw it back to $55900.
The Bitcoin price today is $57,358.23 USD with a 24-hour trading volume of $39,422,153,160 USD. Bitcoin is down 2.02% in the last 24 hours, with a market cap of $1,083,344,576,614 USD. It has a circulating supply of 18,887,343 BTC coins.
Bitcoin Retests 58k again: Analysis
Bitcoin is currently resting at EMA 100 support near fib 0.382. Bitcoin is making lower lows and lower highs since November 15. Bitcoin price is consolidating again between $55,000 and $59,000. The overall trend here, sorry bulls, is down. To turn this into an uptrend Bitcoin needs to break the previous high of yesterday where it left $59,000 and maintain the support above the previous low of $53,000 of November 28, 2021.