BTC Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 3.50% | -5.82% | -2.48% | 129.13% | 1,168.54 bn | 22.01 bn |
Bitcoin (BTCUSDT) price over 7 days dropped -5.82% to 59,342.50 . For the record, BTCUSDT is -19.86% below all-time high of 73,738.00.
Over the last 30 days, BTC is down by -2.48% while 12-month period is up by 129.13%.
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, however, Bitcoin has increased by 3.50% over the past 24 hours. Our daily analysis is that the price action looks mixed.
Looking ahead for the day, immediate upside resistance level at 60,093.80 (R1) with break above could target 60,845.09 (R2), while on the downside we are looking at 57,923.10 (S1) or daily low of 57,254.99 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 56,503.69 (S2).
Key levels to watch out:
| R3 | 62,264.50 |
| R2 | 60,845.09 |
| R1 | 60,093.80 |
| Daily Pivot | 58,674.39 |
| S1 | 57,923.10 |
| S2 | 56,503.69 |
| S3 | 55,752.40 |
