They were unable to maintain their momentum as Bitcoin plummeted past the $23,000 level. This had an impact on the market value of all cryptocurrencies, which fell by 3.52% to $1 trillion overall.
Since the beginning of 2023, the cryptocurrency markets have grown, with the price of Bitcoin recently rising by more than 40%. Bitcoin’s ascent appears to be slowing down, though, as it has begun to fall below $23,000.
Today’s Bitcoin Price DATE: BTC USD Today: $ 23,027.65
Price Prediction for Bitcoin
Right now, the market value of bitcoin is $22,667, and its 24-hour trading volume is $27 billion. The price of Bitcoin has dropped by roughly 1.50% over the last day. The best at the moment is CoinMarketCap, which has a $437 billion market cap.
The fact that doji candles for bitcoin closed above the $22,325 support level indicates that a bullish bounce-off is still possible.
Related: Bitcoin Price Prediction for Today, January 16, 2023
The initial resistance level for Bitcoin on the upside is $23,250; if it is broken, BTC might rise as high as $23,900 and $25,150.
In the event of a negative breakout of the $22,325 level, the selling trend may extend all the way to the $21,500 barrier. If it falls below $21,500, Bitcoin might go as low as $20,450.
