Bitcoin is Heading towards $100k: Best level to buy?

1 month ago 30204

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BTC has climbed back the charts and is now looking good for a buy. The price reflects a minor dip of -1.01% over the last 24 hours, but it still shows an increase compared to the previous month’s price.

In this article, we will look at Btc price analysis along with weekly price analysis and news roundup.

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BTC Price Analysis

Bitcoin is trading at $61,797.12

Market Cap: $1.20 trillion
24h Trading Volume: $23.5 billion
Total Supply: 21 million BTC
Circulating Supply: 19.5 million BTC

Perfectly went down as predicted 🤝

Weekly Price Analysis

Over the past week, Bitcoin’s price has declined by 2.19%, from $63,449.67 to $61,797.12.

7d Change: -2.19%
Week Open Price: $63,449.67

Key Indicators

RSI (Relative Strength Index): 48 (Neutral, with no strong buying or selling pressure)
MACD (Moving Average Convergence Divergence): Mild bearish crossover
Bollinger Bands: Price is approaching the lower band, indicating potential buying opportunities.

News Roundup

Taiwan Approves Crypto ETFs for Professional Investors
Institutional investment in Bitcoin is on the rise, with major firms accumulating during the recent dips

For on-demand analysis of any cryptocurrency, join our Telegram channel.