- Bitcoin loses 4.34% to be placed near 8,300 USD.
- The next support may come at 8,293 USD.
Bitcoin continued to struggle in a queue for the second day. Over the last 24 hours, it has been down by 4.34%, and the BTC price has now fallen to 8300 USD price range. Yesterday, the coin touched at 8,325.40 USD, the lowest point of the day.
Bitcoin Price Analysis
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Bitcoin faced its first-ever swing of the day between 01:04 UTC and 08:35 UTC and in these seven and a half hours, it lost 5.60% to touch 8,241 USD. However, it was followed by a hike of 2.35% that added 193 USD and brought the Bitcoin price to 8,447 USD by 14:05 UTC. The next few hours were full of volatile price fluctuations. The last variation came as a strengthening of BTC; it started at 16:07 UTC, and in the next 6 hours and 2 minutes, it grew by 4.53% to be placed at 8645 USD. According to future predictions for Bitcoin, it may seek the support of 8293 USD as its next step.
Support and Resistance Levels
R1– $8,712.74, R2– $8,938.50, R3– $9,132.17
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S1– $8,293.31, S2– $8,099.64, S3– $7,873.88
