#MarketPullback
BTC Price Unable to Hold $100,000 Support
The price of Bitcoin today has decreased by 5.56% with a 24-hour trading volume of $47.79 billion, changing +124.74%. With this, the largest cryptocurrency has fallen below the $100,000 mark for the first time since January 17 of this month. Furthermore, with a dominance of 58.31%, it has a market valuation of $1.95 trillion.
The Relative Strength Index (RSI) has recorded a sharp decline with its average trendline converging downward. However, with the 50-day EMA acting as support, the price of BTC tokens has recorded increased volatility in the market.
If a reversal in the uptrend occurs, the price of Bitcoin will gain momentum and reclaim the $100,000 mark. Conversely, if the bears dominate the cryptocurrency space, the price of BTC may retest the low of $92,000 this week.
To find answers to questions like "Will BTC price reach $1 million by 2030?", read CoinPedia's Bitcoin Price Prediction!
