Bitcoin Price Predicted to Surge – Key Levels to Watch

• Bitcoin’s current price stands at $25,992 with a 24-hour trading volume totaling $14.4 billion.
• The 50-day Exponential Moving Average is situated at approximately $27,300 and has had a significant effect on Bitcoin’s path.
• If the value of Bitcoin falls below the $25,200 resistance level, there is a possibility of significant losses, which could extend downward to as low as $24,800.

Bitcoin Price Analysis

The current price of Bitcoin stands at $25,992 with a 24-hour trading volume totaling $14.4 billion. Over the last day, Bitcoin’s value has experienced a slight decrease of around 0.50%. Holding its position as the top-ranking cryptocurrency, Bitcoin commands a live market capitalization of $505 billion according to CoinMarketCap . The circulating supply of Bitcoin amounts to 19,465,118 BTC coins, while its maximum supply is capped at 21 million BTC coins.

Key Levels To Watch

The 50-day Exponential Moving Average (EMA), which is situated at approximately $27,300 has had a significant effect on Bitcoin’s path and recent candle closures confirming a long-lasting bearish momentum. The current resistance level is at $26,200 but there are indications of bearish pressure due to the presence of a bearish engulfing candlestick and two-day candle pattern below this level. If this trend continues then the value of Bitcoin could decrease to as low as $25,600 or even further down to$25,200. On the other hand if there is an increase above the resistance level then it could target next resistance levels such as$26800 and potentially reach heights up to$27300 and eventually up to$27600 if bullish momentum persists.

Dangers Of Decreasing Prices

If the value falls below $25200 then there is potential for significant losses that could extend downwards towards$24800 marking drastic decreases in prices within a short period of time from above average highs seen earlier this month just before Christmas when bitcoin was near an all time high in 2020 trading close to29000USD per coin .

Cryptocurrencies To Look Out For In 2023

Stay informed about the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly exploring our carefully selected collection of the top 15 digital assets to watch in 2023 This thoughtfully curated list has been compiled by industry experts from around the world who have identified these assets as having great potential for growth over 2021 and beyond .


Bitcoin remains dynamic with its value fluctuating between certain key levels that can have an impact on its trajectory in coming days. With bearish pressures looming closely associated with dips below certain support levels it becomes important for investors and traders alike to monitor these key areas and remain informed about any current or upcoming news relating to these digital assets .