Bitcoin price today moved at $71K. After reaching new ATH $73,750.07. Bitcoin correction at low $68,563.0.
Today Bitcoin is down 2.69% in the last 24 hours. Fear and greed index value is 91 indications of market extreme greed for crypto assets.
Some investors believe Bitcoin could reach $100k. However, there are also those who are worried about the possibility that Grayscale will sell Bitcoin which could impact BTC prices.
Today's BTC price performance formed a range of Low $68,563.02 and High $73,750.07 with a market capitalization of 1.40T, volume reached $58.68B.
Bitcoin/USD Technical analysis today
Today the summary of technical indicators according to Investing gives a sell signal, while moving averages in different periods summarize a buy signal.
On Ticktrader FXOpen, the price is now forming a bearish candlestick with a long shadow at the bottom of the candle indicating price behavior. After a sharp decline, a long shadow appears reflecting a strong price rebound.
The Bollinger band line still forms an upward channel structure with a wide band distance indicating bullish sentiment with high market volatility.
The 50 moving average formed an ascending channel above the lower band line indicating bullish sentiment on strong momentum.
On the other hand, the RSI indicator shows a value of 71, apparently trying to get out of the overbought zone.
On H1 timeframe, Bitcoin/USD is now forming a morning star chart pattern indicating an uptrend market.
The price is still below the middle band line and here the MA 50 forms a flat channel indicating a sideways market.
The Bollinger band line appears to have a wide distance, an indication of high market volatility. On the other hand, the RSI indicator shows a value of 48, which means the price is below the downtrend level.
Support and Resistance
S3: 25954.7
S2: 38471.6
S1: 48279.7
R1: 73727
R2: 73727
R3: 73727