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.
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 …
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