Bitcoin volatility is fading away as it is just 2% low in the last 24 hours but that doesn’t mean the clouds have passed.
Bitcoin price today is $47,495.44 USD with a 24-hour trading volume of $30,871,420,188 USD. Bitcoin is up 1.14% in the last 24 hours, with a market cap of $898,374,738,677 USD. It has a circulating supply of 18,914,968 BTC coins.
Bitcoin is testing the EMA 100 resistance and declining continuously by making lower lows on a bearish trend line. If this trend continues, and there are chances it will as Friday approaches and Bitcoin options expire tomorrow, we might see Bitcoin dwindling below the support level of $45,000, fib 1.272. Bulls might try to take over but the $50,000 is quite the resistance and it will be harder to break above that.