BITCOIN PRICE UPDATE ANALYSIS
Bitcoin staged a strong surge to $8450 recently and has since retreated from this run, signaling a potential correction to draw more buyers in. Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8% level lines up with the former resistance and channel bottom around $7200-7400.
Bitcoin (BTC)
$8,100.92 USD (0.07%)
1.00000000 BTC (0.00%)
Market Cap
$137,588,147,721 USD
16,984,262 BTC
Volume (24h)
$7,088,660,000 USD
874,689 BTC
Circulating Supply
16,984,262 BTC
Max Supply
21,000,000 BTC
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