Analysis #BTCđ„đ„đ„đ„ on April 6, 2024:
Current price: $67,605.57 (BTC/USD)
Market capitalization: $1,330.08 billion USDexpand_more
24h trading volume: $36.92 billion USD
24h change: -1.7%
Circulating supply: 19.67 million BTC
Trend:
Bitcoin is in a slight downtrend over the past 24 hours. However, the price is still higher than it was a week ago (around $62,000).
The RSI is at 50, showing that the market is neutral.The MACD line is flattening out, showing that the current trend is unclear.
Support and resistance levels:
The nearest support is at $66,000.The nearest resistance is at $68,500.
Breaking above the $68,500 resistance could push BTC price higher, towards the $70,000 level. However, if BTC price falls below the $66,000 support, it could result in a stronger downtrend.
Related news :
The US Federal Reserve (Fed) is expected to raise interest rates in May. This could negatively affect the cryptocurrency market, including Bitcoin.MicroStrategy purchased an additional 2,964 BTC, bringing the total the amount of BTC they hold up
130,000.
Canada's first Bitcoin exchange-traded fund (ETF) has listed on the Toronto Stock Exchange.
The above is just the analysis I observed and collected from the market.
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