Bitcoin can function without the need for a centralised authority such as a central bank or a corporation. It differs from government-issued or fiat currencies such as the US dollar or the euro, which are controlled by the country’s central bank.
The current price of bitcoin is $43,628.51, with a 24-hour trading volume of $22,526,166,350. In the last 24 hours, the price of Bitcoin has fallen by -0.8%. It has a total supply of 21 million BTC coins and a circulating supply of 19 million BTC coins. Binance is the most active exchange right now if you want to buy or sell Bitcoin. . Because of its decentralised nature, it can operate on a peer-to-peer network, allowing users to send funds to one another without the use of intermediaries. Let us review BTC price
BTC Price Prediction
Bullish Scenario: BTC might retrace back to support levels $41,619 or $39,598. After retracements, if BTC manages to break above the resistance level at $45,850 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $48,672. Breaking above the $48,672 price level with significant buying volume will lead to a move towards $53,304.
Bearish Scenario: BTC has been in an downtrend since the last few weeks and BTC might retrace back to the support zone at $41,619 or $39,598. If the support level $41,619 doesn’t hold then it will drop further towards $39,598, $36,860 and below sooner or later.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
