Bitcoin waiting for a decisive move

Bitcoin is ranging between the resistance of $51,000 and Support of $46,000 since December 4.

The Bitcoin price today is $48,376.80 USD with a 24-hour trading volume of $23,980,295,016 USD. Bitcoin is down 2.92% in the last 24 hours, with a live market cap of $914,311,925,950 USD. It has a circulating supply of 18,899,800 BTC coins.

Source: Tradingview

Bitcoin: Analysis

Currently, on a daily chart, Bitcoin is being stopped by the EMA 200 resistance at $50,000. It was expected though that the weekend morning will bring a decisive movement for Bitcoin but turned out it could not. Now Bitcoin is trading near the $48,000 mark and looks like we’ll have to wait another week to see big candles on either side. If the resistance break above $51,000, Bitcoin enters the Bulls’ yard otherwise, below $46,000 support Bears take over.

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 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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