Higher highs of Bitcoin might turn bearish soon

What's in this article

Bitcoin is making higher highs after testing the base of support line at $41500, however, these Higher highs of Bitcoin might turn bearish soon.

 Bitcoin price today is $44,206.45 USD with a 24-hour trading volume of $20,543,081,490 USD. Bitcoin is down 0.21% in the last 24 hours with a market cap of $838,150,659,381 USD. It has a circulating supply of 18,959,918 BTC. 

Source: Tradingview

Bitcoin: Analysis

Bitcoin is soaring above EMA 20 on an hourly timeframe chart being extremely bullish. The upwards price movement could halt as there is resistance right above the previous high of $44,000. Also, since the price never rises steeply up so there, we can expect some selling followed by buying to break this level upwards. Support of $43,000 is significant and can hold some selling pressure.

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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