Bitcoin remains trapped inside the support and resistance, even the nefarious weekend couldn’t make it move.
Bitcoin price today is $42,626.07 USD with a 24-hour trading volume of $19,492,911,871 USD. Bitcoin is down 1.43% in the last 24 hours, with a market cap of $807,003,877,668 USD. It has a circulating supply of 18,932,168 BTC coins.
Bitcoin survives: Analysis
Besides slowly wandering between $40,000 support and $50,000 resistance, Bitcoin is snakingly moving bearish as it makes lower highs, as seen in the chart above. RSI indicates, although, indicates that this bearish trend is exhausting. As Bitcoin approaches the support level of $40,000 it might gain volatility as the war between the bulls and bears intensifies. Bitcoin has local resistance at $46,700, fib 0.5.