Bitcoin survives weekend Unchanged

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
Source: Tradingview

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.

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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