Bitcoin Price Analysis: Will Bitcoin Settle its Price Position Above $13000
- BTC Price ranges between $12900 to $13000
- BTC is making steady efforts to stay above $13000
- Over a 4-hour time span, Bitcoin sees a plunge near $12855, followed by an upward correction as well
Bitcoin had bullishly hit the price point above $12000 yesterday, and since then the coin has maintained an uptrend. Today, BTC has even traded above $13000, though, it seeks stability there, as the price is currently moving majorly between $12900 to $13000.
As given in its 4-hourly chart, the coin witnesses a notable price plunge, and after which it struggles to remain above $13000.
Bitcoin Current Statistics:
At 09:44:46 UTC, BTC is trading with its price at $13010.98, while having Market Capitalization of $231,209,755,384. The leading crypto coin holds 17,809,625 BTC as part of its Circulating Supply. Bitcoin currently fetches RoI (Return On Investment) of > 9000%.
BTC 4-Hour Price Chart
At 5:45 UTC, Bitcoin was trading above $13000, after which it saw a bit of price turbulence where it has traced a bearish trendline. The coin then takes a sharp fall near $12,853 and then corrects up. The coin gradually surges above $13000 breaking resistance near $12929. Though the coin is not steadily trading above 13000 and keeps swaying between the said range.
Bitcoin is soaring high with a bullish momentum as the coin is in strong BUY phase at present. Its current price is 13.32% higher than its 20-days SMA of $11481.42. However, read Bitcoin projections, so that you will get to know about the further changes that happen in the future price of the coin before it actually occurs.
Technical Indicators:
The MACD of the coin appears moderately volatile while it shows a bearish crossover as its MACD line is below the Signal line. The RSI for BTC is near 50 showing stability. Bitcoin’s Major resistance price can be at $13,074.6, While it may see support price at $12,278.34.
