2023-02-16
Bitcoin price increased 11.8% in the
past 24 hours. The price of Bitcoin seems to have exceeded expectation, having
already hit all-time high for this year. BTC price surging above $24,600,
getting closer to $25,000. BTC price surge one day after the US released Consumer Price Index that was up 6% compare to the same period last year. It is such a
high inflation. This might result in the increase in Bitcoin price. Many people
view bitcoins as hedge against inflation.
However, cryptocurrency market is
unpredictable. Bitcoin price can go down. It has a support price at $16,800. Currently, Bitcoin price is under
accumulation phase. After accumulation phase, usually the chart will be
uptrend.
Other cryptocurrencies you might be interested.
1. Polkadot -1.72% in the past 24 hours.
2. Near Protocol +13.32% in the past 24 hours.
3. Rocket Pool +7.4% in the past 24 hours.
4. Optimism +20.82% in the past 24 hours.
5. dYdX +16.46% in the past 24 hours.
6. Moonbeam +6.41% in the past 24 hours.
