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Bitcoin Price Analysis: Bitcoin is slowly testing $ 63,000, will there be a further uptrend?

 تاریخ انتشار :
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  Bitcoin

TL; DR failed

  • Bitcoin price analysis is declining today.
  • Bitcoin / US dollar resisted up to $ 63,000.
  • Bitcoin will probably return to $ 60,000 today.

Bitcoin price analysis is down today, as another high price fell below $ 63,000 after a slight increase yesterday. Therefore, we assume that another high is set lower and BTC / USD goes lower again over the weekend.

Bitcoin Price Analysis: Bitcoin is slowly testing $ 63,000, will there be a further uptrend?  1
Thermal map of digital currencies. Source: Coin360

The crypto market in the last 24 hours has been moving mainly upwards. Bitcoin, the market leader, grew 1 percent, while Atrium grew only 0.03 percent. Decentraland (MANA), meanwhile, has the best performance with an increase of more than 45%.

Bitcoin price movement in the last 24 hours: Bitcoin recorded another highest price at $ 63,000

BTC / USD traded in the range of 60,846.27 to 62,927.61 $, which shows the average amount of fluctuations in the last 24 hours. Trading volume fell 16.88 percent to a total of $ 34 billion, while the total market value was about $ 1.16 trillion, bringing the market value to 44.31 percent.

Bitcoin / US Dollar 4-Hour Chart: Does Bitcoin seem to continue any longer?

In the 4-hour chart, we can see the price of Bitcoin soar to $ 63,000, which is likely to lead to another decline in the next 24 hours.

Bitcoin Price Analysis: Bitcoin is testing $ 63,000, will there be a further uptrend?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price movements have seen a downward return over the past week. After several weeks of uptrend, the BTC / USD hit a record high of $ 67,000 on October 20.

From there, it dropped two drops this week, bringing Bitcoin to $ 58,000. On Wednesday, Bitcoin recovered again and started to stabilize below $ 62,000. Yesterday, however, another small increase was observed, leading to the $ 63,000 mark.

Since then, the price of bitcoin has been slowly falling. We will probably see more declines over the weekend as BTC / USD seems to be testing lower levels as well.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is down today because another high price is set at $ 63,000. Therefore, we expect Bitcoin / Dollar to decline over the next 24 hours and test $ 60,000 again.

As you wait for more bitcoin to move, read our guide to LTC wallets, Gero wallets and DeFi wallets.

Disclaimer. The information provided is not a commercial recommendation. Ramzifa.ir is not responsible for the investments made based on the information provided on this page. We strongly recommend independent research and / or consultation with a qualified professional before making an investment decision.