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Price Analysis

Bitcoin Gets a Blow of 1%; Falls below $10,300

  • Bitcoin loses 1% in the last 24 hours and goes below 10,300 USD.
  • The next resistance may come at 10,481 USD.

Bitcoin has almost lost 1% over the last 24 hours and ditching the growth pattern it is now below 10,300 USD. The trading range of Bitcoin’s price in the last one day has been between 10,380 USD and 10,102 USD. The medium-term outlook is expected to be bullish.

BTC to USD Price Analysis-

The first blow for Bitcoin happened between 01:30 and 10:30 UTC and this fall took 79.22 USD away from it and placed it at 10,301 USD. The second variation started at 10:42 UTC and over the next 5 hours and 27 minutes, it lost 208 USD and the value of the coin was dragged to 10,102 USD, the lowest point for the day. However, it got stronger after that and by 21:01 UTC, it got a lift of 2.32% and reached 10,338 USD. Towards the closing of the day, it started weakening and after losing 1.45% it got placed at 10,188 USD by 00:56 UTC, today.

Bitcoin price chart
Bitcoin Price Chart by TradingView

Bitcoin Price Prediction-

Bitcoin is the top coin of the market and this volatility of Bitcoin’s price movement shows the overall health of the market. Though, no big rise is anticipated for the short-term, long-term outlook is likely to be bullish. The next resistance may fall at 10,481 USD.

Support & Resistance Levels-

R1- $10379.19, R2- $10481.59, R3- $10576.32

S1- $10182.06, S2- $10087.33, S3- $9984.93

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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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