Recently, the price of bitcoin has been going up and down. Investors and analysts are keeping a close eye on how the prices of these digital assets change so they can spot possible trends for the future.
With a recent price hike, one bitcoin now costs more than $21,300.
Today’s Bitcoin Price DATE BTC USD Today 01 $ 20,947.96
How Much Will Bitcoin Cost?
The price of bitcoin is now $21,357, which is a small increase of 0.15% over the last 24 hours and a huge increase of 22% over the last 7 days. During the same time period, more than $25 billion worth of Bitcoin was traded.
Bitcoin tried to break through the $21,400 barrier on January 18 but failed, and it now looks like it may be headed for a correction down.
This is also shown by the fact that both the RSI and the MACD are in a “overbought” state. Closes of Doji candles just below this level could be another sign that a bearish trend is coming.
On a daily chart, a double top resistance can be a sign of a bearish trend or correction. Prices could start going down if they go above $20,800 or $20,000 and keep going down until they reach $19,250.
A rise in demand could also push the price of Bitcoin past $21,400 and into the $22,850 range.