BTC Price Consolidates and Hovers Above $27K

Bitcoin Is Set to Achieve a New High of $30,000 as It Consolidates and Hovers above $27K – March 19, 2023

Over the last 48 hours, the price of BTC/USD has risen steadily as it hovers above $27K. The price movement has been motionless as a result of the existence of Doji candlesticks, small body uncertain candlesticks. The Doji candlesticks indicate a rift between buyers and sellers over the market’s course. As of the time of this writing, the largest cryptocurrency has a value of $27,110.00.

Bitcoin Price Statistics Data:•Bitcoin price now – $27,110.21•Bitcoin market cap – $523,700,845,399•Bitcoin circulating supply – 19,321,743 BTC•Bitcoin total supply – $569,188,698,627•Bitcoin Coinmarketcap ranking – # 1

Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000

Yesterday, the price of Bitcoin (BTC) increased to a high of $27,818 before dipping slightly. The retreat has been limited because Bitcoin is trading in an overbought region of the market. If Bitcoin changes its trajectory and finds support above the resistance level of $25,000, the market will achieve new highs of $30,000 and above. Yet, since the breakout on March 13, the price of Bitcoin has been experiencing a series of higher highs and higher lows.

On the plus side, if the BTC price crosses the $28,000 resistance barrier, the market will soar to the $30,000 psychological price level. On the other side, if Bitcoin falls and penetrates below the $25,000 support and the moving average lines, the present rise is likely to come to an end. The price of BTC is currently bouncing around the $27,000 level. Bitcoin will likely retrace its steps downward. At level 68 of the Relative Strength Index, the price of Bitcoin is still in the upward zone.

Bitcoin and Visa Are More Apart as Market Capitalization Transfers to Internet Giant Meta

Following electric car company Tesla, BTC’s market value has increased to the 11th spot among the top assets. Despite a turbulent week for the cryptocurrency sector due to the demise of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin’s (BTC) market valuation has managed to surpass that of IT behemoth Meta. According to data from Companies Market Cap at the time of writing, Bitcoin’s market cap had surpassed Meta’s $469 billion to reach $471.86 billion. Exchange-traded funds, precious metals, public corporations, and cryptocurrencies are all tracked and ranked in real-time by Companies’ Market Cap.

The price of Bitcoin is continuing its bullish run as it hovers above $27K. Bitcoin’s price has been retracing from the high of $27,818 to $27,000 during the last 48 hours, and it may do so again above the moving average lines. The bullish trend will begin if Bitcoin finds support above the moving average lines. Selling pressure will resume if the price falls below the moving average lines.

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Bitcoin is stalling above the $27,000 barrier after the recent upward trend. The largest cryptocurrency is expected to retrace as the market moves closer to the overbought zone. Other cryptocurrencies and tokens are growing in popularity alongside Bitcoin. But today, investors can buy Love Hate Inu(LHINU), a brand-new, well-known tokens. Join the Love Hate Inu movement right immediately if you want to be a part of a group that respects your opinion and rewards you for it. A meme token dubbed Love Hate Inu can be used in a blockchain-based voting system. Voting on important issues can be done on a safe and open platform. Voting can be staked. The voting process is both verifiable and anonymous thanks to a staking mechanism secured by smart contracts that forbid spam and manipulation. Over $1.5 million has been raised so far.

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