As of Sept. 16, 2024, bitcoin traded at $58,578, within a 24-hour range of $58,231 to $60,366. The leading crypto asset saw a daily trade volume of $26.95 billion, with a market cap of $1.15 trillion. Despite this high liquidity, bitcoin is struggling to break key resistance levels, as technical indicators show mixed momentum.
Bitcoin
Bitcoin’s 1-hour chart reveals a clear downward trend, with prices sliding from $60,388 to $58,124. The lower highs and lows signal bearish momentum, though there have been some attempts at recovery near the $58,500 level. Unfortunately, low volume doesn’t suggest a strong reversal. Resistance lies between $60,000 and $60,300, while $58,000 stands as an essential psychological and technical support.
