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Bitcoin price analysis: Is BTC about to peak at less than $42,000?
Today’s Bitcoin price analysis is pessimistic.
BTC/USD rose more overnight.
Earlier afternoon, resistance was discovered below $42,000.
Bitcoin price analysis is pessimistic today, following a robust climb on Friday that resulted in a new high of $42,000. As a result, BTC/USD is anticipated to retrace in the coming days and create another higher bottom before continuing higher next week.
Over the previous 24 hours, the market has maintained its upward pace. Bitcoin, the market leader, has gained 10%, while Ethereum has gained 7.33 percent. The remainder of the market has witnessed comparable advances in strength.
Bitcoin price trend in the last 24 hours: Bitcoin breaks prior highs and climbs under $42,000.
BTC/USD moved in a range of $39,474.40 — $41,750.56 during the previous 24 hours, exhibiting significant volatility. Trading volume has climbed by 9.57 percent to $27.4 billion, while the entire market value trades around $791 billion, leading in a 41.42 percent market dominance.
