BTC Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 2.38% | 3.55% | 10.37% | 160.49% | 1,392.49 bn | 31.59 bn |
Bitcoin (BTCUSDT) price over 7 days gained 3.55% to 70,710.21 . For the record, BTCUSDT is -3.93% below all-time high of 73,738.00.
Over the last 30 days, BTC is up by 10.37% while 12-month period is up by 160.49%.
For the week, our technical outlook seems stronger towards the upside as Bitcoin is up over the last 7 days.
What can we expect from Bitcoin today?
At time of writing, Bitcoin has increased by 2.38% over the past 24 hours. Our daily analysis is that traders are more interested in accumulating BTC than selling.
Looking ahead for the day, immediate upside resistance level at 71,660.00 (R1) with break above could target 72,609.79 (R2), while on the downside we are looking at 69,163.87 (S1) or daily low of 68,567.32 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 67,617.53 (S2).
Key levels to watch out:
| R3 | 74,156.13 |
| R2 | 72,609.79 |
| R1 | 71,660.00 |
| Daily Pivot | 70,113.66 |
| S1 | 69,163.87 |
| S2 | 67,617.53 |
| S3 | 66,667.74 |
