Bitcoin (BTC) price is digesting the previous week’s sales well for now and is rising further northwards in the final hours of trading. Moreover, Bitcoin dominance can prevent the formation of a new annual low for the time being.
Currently, Bitcoin (BTC) price is $56,884.1 with a market capitalization of $1,183,690,746,094, putting it in position 01 of the global cryptocurrency rankings.
History of bitcoin
Satoshi Nakamoto, a pseudonymous person, became known in 2009 as the creator of Bitcoin. As it turned out, his creation of a blockchain-based currency that ensures maximum transparency and security at the same time as simultaneously being scientific was regarded as highly “INCREDIBLE” and caused a great deal of turbulence during ICO pricing!
A Bitcoin transaction is verified and added to the system through the mining process, which releases it into circulation.
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Bitcoin (BTC) price prediction
Currently, there is a level of resistance at $ 60,102.0 , the next resistance will be $61,825.0, and a strong support level will be $56,407.0 and afterward $54,684.0.
If Bitcoin (BTC) price fails to break through this resistance level, the price may retest the current support levels before further descending to the next support level of $ 56,407.0 . A break of this level may lead Bitcoin to move down further to $ 54,684.0 .
It’s apparent that Bitcoin (BTC) price is likely to move upwards from its current level, with bullish indicators showing. The price of BTC will likely move towards $ 61,825.0 in the near future.
Bitcoin Current updates
According to Michael Saylor, Bitcoin is a new hope for Turkey:
Michael Saylor of MicroStrategy opined that Bitcoin, crypto’s only hope for Turkey, is yet to flatten. Bitcoin inspirations and sentiments are still on a high note. In addition to this, the Turkish currency is facing a concurrent crisis, which poses a serious threat to the country’s economy.
Bitcoin Price Plunge Leaves Marathon Comfortable, Says BEP Is $6,500
According to Fred Thiel, a drop in Bitcoin price of 80% would cause Marathon Digital Holdings (MARA) to fall out of profit, resulting in a challenging situation. The Marathon isn’t concerned about the downward trend of the past week.