BTC Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| -4.72% | -6.49% | -18.39% | 87.13% | 1,128.94 bn | 36.94 bn |
Bitcoin (BTCUSDT) price over 7 days dropped -6.49% to 57,355.36 . For the record, BTCUSDT is -23.15% below all-time high of 73,738.00.
Over the last 30 days, BTC is down by -18.39% while 12-month period is up by 87.13%.
For the week, our technical outlook looks uncertain as Bitcoin is not performing well over the last 7 days.
What can we expect from Bitcoin today?
At time of writing, Bitcoin has decreased by -4.72% over the past 24 hours. Our daily analysis is that there could be selling pressure.
Looking ahead for the day, immediate support level is at 55,933.57 (S1) with break below could see further selling pressure towards 54,511.79 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 60,290.00 as a possible indicator of buying interest. Break above could target 61,711.79. Rejection from the resistance level could suggest price consolidation.
Key levels to watch out:
| R3 | 63,133.57 |
| R2 | 61,711.79 |
| R1 | 59,533.57 |
| Daily Pivot | 58,111.79 |
| S1 | 55,933.57 |
| S2 | 54,511.79 |
| S3 | 52,333.57 |
