Bitcoin Fails to Keep the Recovery Alive, Falls 0.78% Overnight

  • Bitcoin fails to maintain its recovery process and got down by 0.78% overnight.
  • The next resistance may come at 10,420 USD.

Bitcoin seems to have failed in the process of maintaining the recovery, and it has been down by 0.78% in the last 24 hours. The current value has reached 10,130 USD at the time of writing. The four major price variations happened in the range of 10,300 USD and 10,092 USD in this period.

BTC to USD Price Analysis:

Bitcoin knocks the weekend with a fall from 10,292 USD to 10,127 USD in just 9 hours and 2 minutes. This 1.61% fall was followed by a marginal hike of 0.96% that took BTC price to 10,224 USD by 12:51 UTC. The third variation happened over the next 4 hours and 8 minutes from 12:51 UTC, and this made a cut of 132 USD to place the value at 10,092 USD, marking the lowest of the day. Later, Bitcoin could lift its value by 0.87% having a break at 10,177 USD, and this hike pushed the value to 10,179 USD by 23:32 USD. Since then the path has been moderately volatile.

However, to know more about BTC price prediction, the BTC price is expected to face the next resistance around 10,420 USD.

Bitcoin Price

Bitcoin’s price movement as of now is moderately volatility and unprecedented fluctuations. It is likely to maintain its value neat 10,300 USD for the next few days.

Support & Resistance Levels

R1- $10,267.61, R2- $10,353.58, R3- $10,421.29


S1-$10,113.93, S2- $10,046.22, S3- $9,960.25

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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