- Bitcoin trades downwards over the last 4 hours, fails to stay above $10,500
- Currently, Bitcoin is correcting up from $10,418
- BTC has decreased by 1.53% in the last 4 hours, facing selling pressure at present
Bitcoin has been on a bullish spree except for yesterday’s price pullback from BTC’s price above $10,900. However, over the last 4 hours, BTC price has manifested a price drop against U.S.Dollar.
Bitcoin was trading at $10,635.17 and it remained above $10600 till 6:41 UTC. after that it kept ranging around $10,600 to $10,500 and then even broke the support level near $10,500.
The coin further dropped to $10,456.02 with a decrease of 1.76%. After a minor upward correction, the coin further tumbled to $10,418.85 and then rebounded. After the rebound, BTC is trading at $10,471.44 at 10:24:03 UTC.
BTC/USD Price Chart
BTC’s current price has just traded below its 5-day SMA ($10546.86) but is 0.663% above its 30-day SMA ($10402.41). The coin is currently trading under selling pressure.
Bitcoin Price Prediction & Technical Indicators:
MACD for the coin is less volatile and is indicating a bullish price move as the MACD line is above the Signal line. RSI for the coin is near 60, showing no extremities. Bitcoin may face resistance at $10,830.8 and $11,062.49 and support levels at $10,378.51 and $10,157.91.