- Bitcoin managed to retain the value above 10,300 USD.
- The next resistance may fall at 10,423 USD.
Bitcoin has started the week with a marginal 0.34% hike. Though it has not gained a huge margin, it managed to sustain the value against USD above 10,300 USD. There were five price shifts, and the price movement pattern resembles a zig-zag pattern.
BTC to USD Price Analysis-
Bitcoin opened Sunday with a significant fall of 0.77% between 00:12 UTC and 04:29 UTC. This fall cost 79.52 USD. After the next 20 minutes of marginal growth show, it took another dip of 0.57% to reach 10,285 USD. The next few minutes from 09:21 UTC could not help it maintaining the value near 10,300 USD and at 10:41 UTC, it started weakening again and over four hours reached 10,264 USD, the lowest point for the day. In the next one and a half hours, it lifted its value to 10,335 USD to slip again by 0.60% and lost 62.50 USD. However, towards closing, BTC managed to strengthen, and it gained 105 USD to touch 10,379 USD.
Bitcoin Price Prediction-
Bitcoin’s short-term may not witness any significant or abrupt changes. However, gradual growth can be expected from Bitcoin. The medium-term is likely to be bullish for it. The next resistance may fall by 10,423 USD.
|Bitcoin (BTC)||Support & Resistance Levels|
|1st Support Level||$10311.52|
|2nd Support Level||$10275.33|
|3rd Support Level||$10237.58|