Bitcoin is ranging indecisively above the support of $40,000. It showed some volatility in the last few days but it wasn’t enough to decide the future course of the crypto coin.
Bitcoin price today is $42,967.45 USD with a 24-hour trading volume of $28,688,722,410 USD. Bitcoin is up 0.31% in the last 24 hours, with a market cap of $813,335,993,627 USD. It has a circulating supply of 18,929,118 BTC coins.
Bitcoin’s support of $40,000 is very critical as it can play the role of triggering the huge bearish trend if broke downwards. Similarly, the resistance level of $50,000, above fib 0.5, will be a major troublesome as the selling pressure would rise. Above $50,000 we have the target of $58,000 in the bullish scenario. In the case of the bearish trend, the target is $30,000.