Bitcoin (BTC), its price has risen again above 23 thousand dollars, what is the price level and market conditions on the BTC side?
BTC had settled below the support band of $ 23,330 in the past days and settled in a lower support. BTC is currently hovering above the $23,000 level again. With this rise, there has been a liveliness on the side of Bitcoin and altcoins.
Current Analysis for BTC, Where Is The Price Heading?
Looking at the 30-minute period on the BTC chart, the price can be seen trading below the nearest resistance at $23,330. As the price continues above the $22,800 level, which is the strong support on the big timeframe, there could be a rise in the price up to the $23,480 level. Investors are currently buying in BTC. BTC is sitting in the band of $ 22,965–23,330. According to the reactions it will receive in this intermediate price band, if it rises above $ 23,330, it can rise to $ 23,820 again, while if it falls below the $ 22,960 level, the price may continue to decline until $ 22,560.
Bitcoin Dominance, What is the Latest Situation for Altcoins?
BTC has made the 43.10 percent level the closest support in the 45-minute time frame. The continuation of the bullish scenario for altcoins may begin with a downward break of 43.10. BTC dominance could lead to price drops for altcoins if it breaks the 43.37 level and rises to 43.60.
Market Value Analysis for Bitcoin
The leader of the crypto industry, BTC, has started to gain again in recent days. BTC, which has lost its market value since last year, has started to improve again in recent weeks. Supporting a market value of 439 billion dollars and 429 billion dollars, BTC can be expected to exceed the market value of 452 billion dollars in an uptrend scenario and go to a market value of 461 billion dollars.
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