Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

If Bearish Momentum Continues BTC’s Next Target Would Be $16,539.00

Published 12/16/2022, 07:12 AM
Updated 12/16/2022, 07:30 AM
© Reuters.  If Bearish Momentum Continues BTC’s Next Target Would Be $16,539.00
TGT
-
BTC/USD
-
ETH/USD
-

  • Bitcoin is currently trading at $17,486.50 after a 1.10% drop in price.
  • BTC price is trading between the 9-day EMA and the 20-day EMA lines.
  • The price of BTC now rests on the daily support level at $16,952.00.

It is up and down in the crypto market today, but the crypto market leader, Bitcoin (BTC), is one of the cryptocurrencies in the red for the day so far. According to the crypto market tracking website CoinMarketCap, BTC is currently trading at $17,486.50 after a 1.10% drop in price over the last 24 hours. The crypto king is, however, still in the green by about 1.60% over the last seven days.

BTC weakened against its biggest competitor, Ethereum (ETH), by 0.19% since yesterday, and its 24-hour trading volume is also in the red to now stand at $19,957,256,967 after a more than 23% drop. In terms of market cap, BTC now stands at $336,372,899,472.

The post If Bearish Momentum Continues BTC’s Next Target (NYSE:TGT) Would Be $16,539.00 appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.