$BTC 's price has been on a downward trend, with a 7-day change of -12% and a current price of around $86,816.37. The cryptocurrency's market capitalization stands at $1.80 trillion, and its 24-hour trading volume is significant. Bitcoin has been facing intense selling pressure, with investors worried about the global economic outlook and rising interest rates.¹ ² ³
*Key Statistics:*
- *Current Price:* $86,816.37
- *7-day Change:* -12%
- *30-day Change:* -23.2%
- *Market Cap:* $1.80 trillion
Analysts predict that Bitcoin could test the $80,000 support level if it fails to reclaim the $88,000 resistance. The Relative Strength Index (RSI) is at 22.34, indicating oversold conditions.
BTC
78,610.25
+3.18%