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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