- BTC loses 2.61% overnight to be placed at $8600
- It may soon touch a resistance point at $9000
- Investors need to be ready to tackle a certain degree of price volatility in the coming days
Bitcoin has failed to step into this new week on a healthy foot. There has been a 2.61% decline in the value over the last 24 hours that pulled the price to $8600. Any quick improvement may not happen shortly.
Bitcoin Price Analysis
Yesterday, BTC was being traded at $8901 at the starting of the day, and over the first 2 hours, it managed a strengthening of 3.02% to touch $9169.99, the highest for the day. It was followed by a price decline. This swing dropped the value by 7.40% and pulled the Bitcoin price to the lowest point of the day at $8490 by 11:04 UTC. However, it didn’t stay at this low value for long and managed an improvement by 00:20 UTC. The last swing was a marginal upsurge of 2.57% that took the value to as high as $8708.
Bitcoin (BTC) | Support & Resistance Levels |
1st Resistance | $9040 |
2nd Resistance | $9374 |
3rd Resistance | $9584 |
1st Support | $8496 |
2nd Support | $8285 |
3rd Support | $7951 |