(VIANEWS) – The $40,000 market price is the highest level in a wider consolidation area. The market will find some exhaustion there. It is unclear at this stage if we have enough momentum to keep going higher, but the closing of the market suggests that we might have some fight ahead. We are still liquid so it is possible that we will struggle to maintain the momentum needed to move higher.
DailyForex confirmed that $30,000 below was support. As such, we remain technically in consolidation. The short-term momentum has not changed at all. If we can get enough time the market will look towards the $50,000 mark above if it breaks above the 41,000 point. This is, of course, the prior support level that was before the break. This is a psychologically important, large and round figure, which will be noticed by many people. It makes for a good target.
Bitcoin (BTC-USD) Cryptocurrency is currently on bullish momentum by 22.49% in the last 14 days. At 09:40 EST on Friday, 30 July, Bitcoin (BTC-USD) is at $38,862.0000.
Today’s last reported volume for Bitcoin is 28376551732, 42.58% below its average volume of 49419749010.36.
All-Time High and Low
Bitcoin’s current value is at $38862, 40.16% below its all-time high of $64805 on Wednesday, 14 April.
Bitcoin’s current value is at $38862, 57087.16% above its all time low of $64805 on Saturday, 6 July.
Market Cap and Supply
Bitcoin’s current market cap is at 728997377940. The total supply is 21,000,000.00, maximum supply is 21,000,000.00, and the circulating supply is 18,771,237.00.
Bitcoin (BTC-USD) Range
Regarding Bitcoin’s daily highs and lows, it’s 31.58% up from its trailing 14 days low of $29,536.0000 and 4.63% down from its trailing 14 days high of $40,747.0000.
Currently, Bitcoin (BTC-USD) has 2982211 Twitter followers and 3227767 Reddit subscribers.
As of now, on Github, there are 29494 forks, 55888 stars, and 3836 subscribers.
Bitcoin’s last week, last month’s, and last quarter’s current volatility was 3.65%, 0.61%, and 3.95%, respectively.
Bitcoin’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.78% (last week), 3.06% (last month), and 3.95% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin’s crypto is considered to be oversold (<=20).
Other News About Bitcoin (BTC-USD)
Bitcoin gains ground on institutional adoption – 29 July 2021. According to DailyForex on Thursday, 29 July, “By 6:42 GMT, Bitcoin gained 15.13% against the US dollar, hitting the 38,979.0 level.”, “Elon Musk recently commented in a conference that Tesla is considering receiving Bitcoin again as a medium of payment, arguing that miners are now using more sources of renewable energy.”
Bitcoin well rings the bell to open trading on toronto stock exchange. According to GlobeNewsWire on Friday, 30 July, “As leaders of the longest-running, founder-led Bitcoin ATM company in Canada, management of Bitcoin Well brings deep operational capabilities that span the entire value chain along with access to proprietary, cutting-edge software development that supports further expansion. “, “Our CEO and Founder, Adam O’Brien, was joined by other members of the Bitcoin Well team as we celebrate this important milestone in the continued journey of Bitcoin Well. ”
More news about Bitcoin (BTC-USD).