Current status and the future of BTC according to analysis
Bitcoin is experiencing a downtrend today, decreasing by $74.20 or 0.25% to $29,180.17.
It has been down for two consecutive days, showing a 0.61% decline during this period.
For the month-to-date, Bitcoin has dropped by 3.95%, putting it on track for its worst month since May 2023 when it experienced a substantial decline of 7.59%.
Despite the recent dip, Bitcoin's year-to-date performance is positive, showing an impressive gain of 76.32%.
However, the cryptocurrency is still down by 56.96% from its all-time high of $67,802.30, which was reached on November 9, 2021.
On a more positive note, compared to 52 weeks ago (August 1, 2022), Bitcoin has risen by 26.72% from $23,027.05.
At the intraday low, Bitcoin traded as low as $29,132.93, representing a 0.42% decrease from the current level.
Source: CoinDesk, Dow Jones Market Data.
BTCUSD BUY 28900 - 29000 💯💯
✅ TP1: 29400
✅ TP2: 29800
✅ TP3: 30200
🛑 SL: 28500
It has been down for two consecutive days, showing a 0.61% decline during this period.
For the month-to-date, Bitcoin has dropped by 3.95%, putting it on track for its worst month since May 2023 when it experienced a substantial decline of 7.59%.
Despite the recent dip, Bitcoin's year-to-date performance is positive, showing an impressive gain of 76.32%.
However, the cryptocurrency is still down by 56.96% from its all-time high of $67,802.30, which was reached on November 9, 2021.
On a more positive note, compared to 52 weeks ago (August 1, 2022), Bitcoin has risen by 26.72% from $23,027.05.
At the intraday low, Bitcoin traded as low as $29,132.93, representing a 0.42% decrease from the current level.
Source: CoinDesk, Dow Jones Market Data.
BTCUSD BUY 28900 - 29000 💯💯✅ TP1: 29400
✅ TP2: 29800
✅ TP3: 30200
🛑 SL: 28500
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