Basic Information:
• Current Price: $56,539
• 24h High: $58,514
• Lowest price 24h: $56,354
• 24h price change: -$116.44 (-0.21%)
• Market capitalization: $1,117,800,151,958
• 24h trading volume: $32,629,127,600
• Rank by capitalization: 1
• Circulating Supply: 19,749,990 BTC
• Total supply: 21,000,000 BTC
• All-time high (ATH): $73,738 (March 14, 2024)
• All-Time Low (ATL): $67.81 (July 6, 2013)
Technical Analysis
• Current trend: Bitcoin is currently fluctuating in the price range of $56,354 - $58,514, showing volatility but not too strong in the short term.
• Resistance: $58,514 (Highest price in the last 24 hours).
• Support: $56,354 (Lowest price in the last 24 hours).
Technical Indicators:
• RSI: RSI is trending neutral, showing no overbought or oversold signals.
• MACD: MACD is quite stable, but needs more signals to confirm the trend.
Trading Volume:
• Trading Volume: 24h trading volume reached $32,629,127,600, showing that market interest and participation remain high.
Probability Analysis
• Long Probability: 60% (BTC could rise if it holds above the $56,354 support and breaks above the $58,514 resistance).
• Short Probability: 40% (If BTC fails to hold above the $56,354 support, a sell signal may appear).
Scoring System
• Technical trend: 70/100 (Volatile in narrow price range, need more clear signals to confirm trend).
• Fundamental Analysis: 85/100 (Bitcoin remains the leading digital asset with widespread adoption).
• Market Sentiment: 65/100 (Current market sentiment is neutral, with slight volatility).
• Cash flow: 75/100 (Stable cash flow, no signs of new large cash flows but still high).
Recommendation Based on Scores
• Entry: $58,000 (If price breaks above resistance at $58,514 with strong volume).
• Take Profit: $60,000 (Next resistance level if price breaks out).
• Stop Loss: $56,000 (Place below support to minimize risk).
Conclude:
Bitcoin is currently fluctuating between $56,354 and $58,514 with heavy market participation. If the $58,514 resistance level is broken, BTC could continue to rise with the nearest target of $60,000. Investors should continue to monitor developments and adjust their trading strategies accordingly.
