Bitcoin's price continues to hover around the $115K mark while the market faces bearish pressure.
Current Bitcoin Price
Currently, Bitcoin is priced at approximately $115,072, down 0.71% from the start of trading when it was around $115.9K. The highest price of the day reached $116,747, but under bearish pressure, the asset dipped to a low of $114,684. The current Fear and Greed Index is at 53.
Trading Volume and Liquidations
Bitcoin's trading volume in the last 24 hours surged over 45.97%, reaching $46.2 billion. There have been $44.96 million worth of Bitcoin liquidations reported in the past 24 hours.
Bitcoin Price Predictions
According to analysis, the MACD line for Bitcoin is positioned below the signal line, indicating increasing bearish momentum. The Chaikin Money Flow indicator shows a value of -0.11, suggesting a negative capital flow. The Relative Strength Index (RSI) stands at 50.62, indicating a neutral sentiment. Bitcoin may test the nearby support at $115,062, and if it fails to hold this level, further decline to $115,052 is possible. However, if the bulls gain strength, the price could move up to around $115,082 resistance.
Bitcoin remains under bearish pressure, though fluctuations in both directions are possible. Current price levels are key for further analysis of the asset's behavior.
