©Reuters. BTC price might retest the $16.5K level; how deep will it go
- Bitcoin’s price is up slightly at press time, according to CoinMarketCap.
- The market leader’s price is trading below the 9-day and 20-day EMA lines.
- Daan Crypto Trades shared his bearish thesis for the price of BTC.
The price of (BTC) is up slightly at press time, according to crypto market tracking website CoinMarketCap. Currently, the price of BTC is trading at $16,753.21, up 0.33% in the last 24 hours. The market leader’s price is still down 2.56% in the last 7 days.
BTC’s market dominance is down 0.32% in the last 24 hours and currently stands at 39.73%. Bitcoin 24-hour trading volume is another off-chain metric that has declined over the past day. At press time, 24-hour volume for BTC is approximately $11,784,572,436, down 54.12% compared to the previous 24-hour cycle.
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