Bitcoin Hasn't Peak Yet, But There's A Key Difference To The 2023 Fall Uptrend, Veteran Analyst Says

Technical analyst Benjamin Cowen provided an update on Bitcoin's (CRYPTO: BTC BTC - $62953.171 bull market support band, suggesting that despite recent price drops, the cryptocurrency may not have reached its peak yet. What Happened: In his latest podcast update, Cowen noted that as of Sep. 9, the 20-week simple moving average (SMA) is around $62,500, while the 21-week exponential moving average (EMA) is just north of $60,000.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-09 14:53:02 GMT.

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Price & Market Data

Price: $62953.171

Volume 24h: $43,953,793,656.01

Market Cap: $1,243,721,736,736.60

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.