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BTC Price Prediction: Today’s Bitcoin Price, 23rd Feb 2023

Web Desk

23rd Feb, 2023. 12:45 am
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The largest cryptocurrency in the world, Bitcoin, has struggled to sustain its upward trend and has dropped below $24,000 in the past day, decreasing from its peak of $25,100 as a result of a dramatic market reversal. Ethereum has also experienced a steady fall over the past 24 hours, following Bitcoin’s example.

All eyes are on the Federal Open Market Committee (FOMC) meeting minutes set for release today as the cryptocurrency market remains volatile. The resolution of this situation is anticipated to have a big effect on the market, especially on the values of Bitcoin and Ethereum.

Today’s Bitcoin Price

DATE	BTC	USD
Today	01	$ 23,803.50

Bitcoin Price Prediction

BTC/USD has broken through a key support level of $24,500, according to technical analysis, and is now falling towards $23,900. Yet thanks to the double bottom pattern, this level is now a key Bitcoin support level.

An ascending triangle pattern has developed in the 2-hour time period, with support coming from an upward trendline near $24,000. The next support level for Bitcoin, if it drops below this level, will be around $23,400. Bitcoin is seeing increased selling pressure as a result of the RSI and MACD indicators being in the selling range.

A spike in purchasing interest might result in a breakout above the $24,500 mark, which would expose Bitcoin to the next resistance level at $25,200.

Investors are closely monitoring the FOMC meeting minutes, which will be made public at 7:00 PM today (GMT). It is essential to maintain concentration because this event is anticipated to have an impact on future financial market movements.

BTC Price Prediction: Today’s Bitcoin Price, 23rd Feb 2023

Web Desk

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