Bitcoin is currently backed by a decisive support level, with increased liquidity that pays its price up. BTC is currently trading at 97,125.77 dollars, and ETHEREUM has increased by $ 2,669.98, and XRP, to $ 2.49, which represents a profit of 5.05 % in the past 24 hours. It includes the top 10 other Solana (Sol) coins at $ 206.07, BNB at $ 616.95, and Dogoin (DOGE) at $ 0.2574.
As of now, the value of the cryptocurrency market is 3.19 trillion dollars, which indicates a modest increase of 1.58 % over the past 24 hours. Fear and greed index is currently in 35 years, indicating a state of fear in the market. Among the upper encrypted currencies, Bitcoin (BTC) with the dominance of 60.42 %, followed by ETHEREUM (ETH) at 10.09 %.
Bitcoin holds the support about 95,000 dollars to $ 96,000. If there is a confirmed restaurant less than this level, the following support area ranges between 92,000 dollars to $ 93,000. Currently, Bitcoin lacks a clear momentum and moves sideways with small and inherent upward fluctuations. This intermittent procedure is expected to continue for the next few days, with a more clear price movement next week.
In terms of resistance, there is a short -term obstacle less than $ 99,000, with a large resistance between 101,000 dollars and 103,000 dollars, and even more important resistance between 106,000 dollars and 107,000 dollars.
Bitcoin maintains a power of 90,000 dollars, but it is strange that many people are still landing. Why? Analysts suggest that on the monthly graph of Bitcoin, the current situation is similar to the 2017 cycle – a huge pump followed by monotheism, and may prepare for the next large payment. Altcoin Daily said that Crypto is about to enter its next chapter, and it is now happening, worldwide.
