Bitcoin volatility might increase after the breakout from this zone. We have a resistance level at $52,000 and support at $45,000.
Bitcoin price today is $46,680.77 USD with a 24-hour trading volume of $33,814,812,580 USD. Bitcoin is down 1.35% in the last 24 hours, with a live market cap of $883,181,238,597 USD. It has a circulating supply of 18,919,593 BTC.
Bitcoin Volatility: Analysis
If Bitcoin breaks below the support level, we may witness sharp movements as the price might take up many stop losses from that level. On contrary, the same can happen if Bitcoin moves up the resistance level. However, whoever takes over will decide the course of Bitcoin for the next three months.