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Bitcoin price analysis: BTC refuses upward at $42,000 once more, is it about to fall?
Today’s Bitcoin price analysis is pessimistic.
BTC/USD is still trading below $42,000.
Over the last several hours, there has been another rejection for the upside.
Bitcoin price analysis is negative today, as we’ve witnessed stabilization below the $42,000 resistance level over the previous 24 hours, as well as rejection for any higher later today. As a result, BTC/USD is poised to reverse and retrace some of its prior gains.
Over the previous 24 hours, the cryptocurrency market has been positive. Bitcoin, the market leader, has risen 2.99 percent, while Ethereum has gained 1.87 percent. Meanwhile, the rest of the major cryptocurrencies have had similar results, with hints of a reversal on the horizon.
Bitcoin price movement during the previous 24 hours: Bitcoin settles below $42,000
Over the previous 24 hours, BTC/USD traded in a range of $41,038.10 — $41,847.16, exhibiting modest volatility. Trading volume has decreased by 44% to $16.55 billion. Meanwhile, the entire market worth is about $790.16 billion, giving in a 41.47 percent market domination.
