Bitcoin Price Today
Bitcoin’s current price is €24,322.12. This represents a decrease of 0.57% over the past 24 hours and a 4.05% decrease over the past 7 days.
Market Capitalization
Bitcoin’s market capitalization is currently €466.39 billion, representing approximately 42.31% of the total cryptocurrency market.
Trading Volume
The 24-hour trading volume for Bitcoin is €24.82 billion, indicating a high level of activity in the market.
All-Time High
Bitcoin’s all-time high price was €69,044.77, reached on November 10, 2021.
Technical Analysis
* Support Levels: €23,000, €21,000
* Resistance Levels: €25,000, €26,000
* Moving Averages:
* 50-day MA: €24,550
* 100-day MA: €25,120
* 200-day MA: €26,300
Outlook
Bitcoin’s price has been in a downtrend in recent weeks, primarily due to macroeconomic factors such as rising interest rates and inflation. However, the market remains optimistic about the long-term potential of Bitcoin as a store of value and a hedge against inflation.
Analysts believe that Bitcoin’s price could potentially rebound in the coming months as the market stabilizes and investors seek alternative investment options. However, it is important to note that the cryptocurrency market is highly volatile and unpredictable, and prices can fluctuate significantly in a short period of time.
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