- Bitcoin recovers $ 110,000 before settling at 109.039.59 dollars, an increase of 1.27 % in 24 hours.
- The maximum market rises to $ 2.16 million, with 24 -hour trading volume reaches 47.64 billion dollars.
Bitcoin regained the Earth today, climbing to a peak during the day of 110,376.88 dollars. Although dipped to 107,214.15 dollars in the past 24 hours, the original currently Trading on 109,039.59 dollars. Daily performance shows a rise of 1.27 %, which reflects the trust of the renewable market.
Moreover, the market value of Bitcoin has increased to $ 2.16 trillion, while the fully diluted evaluation is now $ 2.28 trillion. With the trading volume 24 hours of 47.64 billion dollars, the maximum volume to the market reached 2.15 %, highlighting active rotation and increasing liquidity.
In parallel, the circulating Bitcoin supplies are fixed at 19.87 million BTC, close to the maximum supply. This restriction continues to fuel the narratives of scarcity in the long run. While the high price, technical conditions provide a mixed look but reveal.
Will Bitcoin the narrow range broken a new gathering?
According to the price scheme, the current support depends on $ 10,571, as it appears from the moving average in the 21st period. In the case of BTC this level, the next floor can decrease to 107,200 dollars. On the contrary, the resistance is now $ 110,422. If the price has wiped this mark, the area of $ 112,000 may be re -tested.
However, feelings are still cautiously neutral. Relative strength index reads for 14 days 51.59, and is almost in line with an average of 51.62. Both values are hovering near the balance area. More importantly, RSI did not enter an excessive timing area or in the sale, which hints that there are no severe feelings.
The 9-Period and 21-Period are approximately 108,816 dollars and 108,571 dollars, respectively. Its narrow spread means monotheism, yet it also indicates a possible directional step in the short term. It can stimulate the fresh upward upward intersection. On the contrary, if the average average average pressure decreases in the short term, the pressure pressure may increase in the short term.
In general, Bitcoin shows a short -term power driven by narrow supply and strong trading activity. However, neutral RSI, flat CMF, and converging moving averages indicate caution. A break above 110,422 dollars can govern the bullish momentum. On the contrary, the slide is less than 108,571 dollars may lead to the acceleration of the downside of about $ 10,200.
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