Most of the top 10 coins have recovered after a recent sharp drop. Bitcoin Cash (BCH) is the biggest loser, falling by 1.50% over the last day.
The market share of Bitcoin (BTC) has slightly fallen over the last few days and now is at 68.6%.
The relevant data for Bitcoin is looking the following way:
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Name: Bitcoin
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Ticker: BTC
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Market Cap: $614,605,949,427
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Price: $33,046.29
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Volume (24h): $96,955,578,476
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Change (24h): -1.02%
The data is relevant at press time.
BTC/USD: Are the nulls ready to conquer new peaks after a sharp drop?
Bitcoin (BTC) might have finished its correction after a drop from $42,000. However, the rate of the leading crypto has fallen by 1% since yesterday.
On the hourly chart, Bitcoin (BTC) has retested the $32,500 local level before continued short-term growth. It is too early to consider a return to $40,000 as the asset needs more time to consolidate and gain power.
In this case, the nearest level is $35,000, where the coin may arrive soon.
On the bigger chart, the long scenario also prevails, which is confirmed by the MACD indicator that is about to enter the green zone. If that happens, there are chances to see Bitcoin (BTC) trading around $38,500 shortly.
On the daily chart, bears could get the rate of Bitcoin (BTC) below $30,000, which means that a restest of $40,000 is just a matter of time and may happen by the end of the month if the selling volume remains low.
Bitcoin is trading at $34,050 at press time.