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What's in this article
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.
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.
