Bitcoin Price Analysis: BTC Holds Near $23,000; What’s Next in Offer?

Bitcoin Price Analysis: BTC Holds Near $23,000; What’s Next in Offer?

Published 3 hours ago Bitcoin price analysis (BTC) suggests a slow down in the upside momentum. As the BTC buyers manage to hold above the $23,000 mark, it indicates the underlying bullish sentiment in the coin. As of press time, BTC/USD is trading at $23,168, down 0.65% for the day, while the 24-hour trading volume drops nearly 9% to $24,224,348,018. The recent action in price and volume reflects a lackluster movement for the day. advertisement Bitcoin’s current market setup shows that the price would continue with its upside momentum. BTC is currently trading in a rising channel, making higher highs and higher lows on a daily basis. Recently, from July 29 to Aug 04, the price retraced after giving an impulse move earlier. The retracement means short-term reversal, lasting no …
More on: coingape.com