- Current Bitcoin Market Situation
- Historical Dynamics and Recent Bitcoin Data
- What Awaits Bitcoin Price in the Near Future?
The Bitcoin price has shown a brief bullish sentiment, attempting to reach a higher value after breaking above $63K recently. Analysts speculate that the asset could hit a new all-time high before the end of the year.
Current Bitcoin Market Situation
At the time of writing, Bitcoin was trading at $62,848, which is 1.63% lower than the previous day. The daily trading volume has declined by over 26.90% to $29.83 billion, according to CoinMarketCap data.
Historical Dynamics and Recent Bitcoin Data
In the first week of September, the asset underwent heightened selling pressure and plunged to a one-month low of around $52,827. However, Bitcoin hit $64,023 in the last 24 hours. Of particular note is the transfer of 250 BTC, valued at approximately $15.95 million, from five addresses that had been dormant for nearly 16 years.
What Awaits Bitcoin Price in the Near Future?
Bitcoin started trading at $60.3K at the beginning of the week and soon spiked by 4.20%, though its price later fell to $57,594. Subsequently, the price climbed to the $63K range, exceeding the critical resistance level of $62,780. However, Bitcoin might retest the resistance level of $63,633 or seek support around the $62.4K range.
Current Bitcoin technical indicators suggest a brief bullish trend, despite its position in the neutral zone. The Relative Strength Index (RSI) stands at 61.80, also indicating a neutral market stance.
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