X

Bitcoin Price Analysis: BTC Crypto Creating a Suspense Around $60K

  • Bitcoin crypto price holds above the vital support of 100-EMA on the intraday session.
  • The 24-hour trading volume is at $53,583 billion.
  • Bitcoin price today is $56,707.33, BTC price is down -0.7% in the last 24 hours.

Moving Average (EMA) containing 20,50,100,200 In the Bitcoin crypto daily price chart, it is a reliable support for currency price trends. Investors can observe that price holds above the blue line and can guarantee a bullish trend as long as costs are above the moving average.

The volume (12.935 K) is below the 20-day moving average (42.537 K). The volume is moderate, so the cost has been moving upside gradually. Investors may also notice a decline in volume.

Bitcoin Crypto Price Accumulated by Whales

The daily price chart of the Bitcoin crypto recovers from the resistance zone. Depending on the price action, the support region is within $53800. On the flip side, the resistance level to look for is around $65800.  

The RSI showed a (bearish) with a short-term sell signal. Investors may observe that the indicator’s RSI line is running downside. A rise can happen on upcoming trading days.

The MACD shows a (bullish) cross above the signal line on December 02, projects a buy sign for the crypto. In addition, investors can notice the ending of red bars in the histogram indicator.

Conclusion

Bitcoin price today is $56,823.86 with a 24-hour trading volume of $53,583,039,033. BTC price has been down -0.7% in the last 24 hours. It has a circulating supply of 19 Million BTC coins and a total supply of 21 Million.

The RSI shows a sell sign, and MACD indicates a buy signal. Traders have directed moderate volume. In fact, the cost rebounds from the pivot zone during the intraday. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $65800

Support Level: $53800

Categories: News
Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.