Bitcoin volatility has faded away after a big slump to $42,000 on Saturday. Bitcoin rises on an hourly chart making a new bullish trendline.
The Bitcoin price today is $50,769.74 USD with a 24-hour trading volume of $30,801,018,208 USD. Bitcoin is down 1.43% in the last 24 hours, with a market cap of $959,303,788,930 USD. It has a circulating supply of 18,895,187 BTC coins.
Bitcoin Rises: Analysis
Bitcoin is still indecisive on a higher time frame as RSI stands neutral. I think Bitcoin will wait for the weekend to make a final move. On the hourly chart, however, it is bitcoin is rising on a trend line slowly. It has local resistance at $51900 and there is local support to hold the price at $47150 at fib -0.236.