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 $62,113.2 with a market capitalization of $$1,158,412,531,102, 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.
Also Read: Bitcoin Long-Term Holders Continuing to Amass Holdings: Kraken Report
Bitcoin (BTC) price prediction
Currently, there is a level of resistance at $63,268.1, the next resistance will be 64,253.2, and a strong support level will be $59,749.6 and afterward $58,748.9.
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 $59,749.6. A break of this level may lead Bitcoin to move down further to $58,748.9.
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 $64,253.2 in the near future.
Bitcoin Current updates
- Mining for bitcoins brings new life to a Texan town:
This tiny town in Texas is home to two bitcoin mining giants battling for cheap electricity. As part of their operations, Bitdeer, a mining firm spun off from Bitmain, and Riot Blockchain, one of the leading U.S. Bitcoin mining companies, have data centers hosted at a former aluminum smelting facility in Rockdale, Texas.
- Micropayments will be made possible by blockchain technology:
Blockchain technology is ideal for micropayments for a variety of reasons. In addition, it provides an infrastructure that facilitates increasingly faster digital payments, and because Bitcoin (BTC) and Ether (ETH) both have extremely small minimum payment units
