Bitcoin: standing at resistance level

What's in this article

Bitcoin is standing right below the resistance level we market yesterday at $51500. It’s good to see Bitcoin following predictions and trends as the unpredictable time of weekends approaches.

Bitcoin price today is $50,782.29 USD with a 24-hour trading volume of $27,988,154,172 USD.  Bitcoin is up 4.07% in the last 24 hours, with a market cap of $960,278,184,650 USD. It has a circulating supply of 18,909,706 BTC coins.

Source: Tradingview

Bitcoin: Analysis 

Bitcoin has tested the resistance level thrice but couldn’t break above however, the good thing is, people are now selling here. The support below is at $50,000, fib 0.786. The next resistance should be at $53,000, fib 1.272.

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 NewsBSC.com 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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