Bitcoin Loses Big in One Day; Falls to $9600

  • Bitcoin loses 2.68% to reach 9600 USD overnight.
  • The next support for BTC may come at 9496 USD.

Bitcoin (BTC) has taken a drastic move over the last 24 hours and with an overall fall of 2.68%, it is now down to 9681 USD. It has shown five huge price swings in this period with a range of 10,046 USD and 9602 USD.

Bitcoin Price Analysis-

The first variation of Bitcoin happened between 00:15 UTC and 06:31 UTC and this swing cost BTC 1.72% or 173 USD and placed it at 9,872 USD. After the next few hours of volatility, it again fell by 2.52% to touch 9,704 USD. However, over the next 37 minutes, it grew by a decent figure and with a gain of 239 USD; it went as high as 9,944.83 USD.

The fourth variation happened between 15:01 UTC and 00:15 UTC and it took 342 USD way from the value and pushed it to 9,602 USD by 00:15 UTC. This fall had a break at 9,794 USD. The last variation for BTC came as strength and it happened in 2 hours and 46 minutes from 00:15 UTC which added 110.64 USD to place the value at 9,713 USD.

Bitcoin Price ChartAs of now, BTC’s current trend is way below both 20 days and 50 days average; and is likely to fall further. In the short-term, it is not indicating towards any attempts of recovery. You can check our Bitcoin price prediction to know more about the live price of BTC.

Support & Resistance Levels-

R1- $9,959.99, R2- $10,190.66, R3- $10,307.09

S1- $9,612.89, S2- $9,496.46, S3- $9,265.79

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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