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What's in this article
The last week has been slightly bullish for bitcoin as it rose more than 13% but not enough as it fails to break above some important levels.
Bitcoin price today is $50,805.88 USD with a 24-hour trading volume of $20,787,848,804 USD. Bitcoin is up 1.68% in the last 24 hours, with a market cap of $960,851,845,879 USD. It has a circulating supply of 18,912,218 BTC coins.
Bitcoin: Analysis
As shown in the chart, Bitcoin is rising above an arc and facing the local resistance by EMA 200 on the 4-hour chart. On major resistance level here for Bitcoin to overcome is at $51800, the peak of December 24. Once it breaks above, it can soar up to the next resistance at $53,500, fib 1.272. However, it might come down first to restest the support of the curve.
