- According to CoinMarketCap, Bitcoin’s price is marginally higher at press time.
- The price of the market leader is trading below the 9-day and 20-day exponential moving average (EMA) lines.
- Daan Crypto Trades outlined his pessimistic price forecast for Bitcoin.
CoinMarketCap, a website that monitors the crypto market, reports that the price of Bitcoin (BTC) is marginally up at press time. The current BTC price is $16,753.21, representing a 0.33% increase over the past 24 hours. The price of the market leader is still down 2.56 percent over the past week.
BTC’s market dominance has decreased by 0.32% over the past twenty-four hours, and it now sits at 39.73%. Bitcoin’s 24-hour trade volume is another off-chain measure that has decreased over the previous day. At the time of publication, the 24-hour volume for BTC is around $11,784,572,436, representing a decline of 54.12% compared to the previous 24-hour period.
The post BTC’s Price May Again Test $16,500; How Low Can It Go? initially appeared on Coin Edition.