The recent pullback and subsequent recovery demonstrate BTC price resilience in the face of market fluctuations. Key metrics and trends may provide insights into the price of Bitcoin today and where it is heading.

Looking at on-chain data, derivative indicators, and the role of leverage in the cryptocurrency market can help traders make informed decisions about today’s Bitcoin price and its future.

Bitcoin Price Today: Support at the 50-Day SMA

Last week, Bitcoin experienced a short pullback but found strong support around a crucial moving average. After breaching the $25,000 mark, monitoring pullbacks to assess the remaining buying strength is essential.

In this instance, buyers were quick to step in at the 50-day SMA, signaling bullish momentum. However, the $30,000-$31,000 range has proven to be a strong resistance zone for Bitcoin price today, indicating the possibility of further consolidation.

The upcoming FOMC mee

Go to Source to See Full Article
Author: Ali M.

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details