The current price of Bitcoin is $24,756, with a 24-hour trading volume of $18.7 billion. In the past 24 hours, the price of Bitcoin has increased by less than 0.50%. As the top-ranked cryptocurrency, Bitcoin has a live market cap of $477 billion, according to CoinMarketCap. It has a circulating supply of 19,295,475 BTC coins and a maximum supply of 21,000,000 BTC coins.
On Sunday, the BTC/USD pair continued to trade sideways, maintaining a narrow range between the $24,400 to $25,250 levels. A bullish breakout of the $25,250 level can potentially expose the BTC price to $26,000 or $26,450.
Bitcoin's immediate support is at $24,300, and a break below this level could send the BTC price down to $23,750 or the $23,300 mark. Further on the lower side, an additional breakout of the $23,300 level could send BTC toward the $22,850 mark.
Overall, the trading bias is neutral, and both the RSI and MACD indicators are signaling indecision among investors. The closing of Doji and spinning top candles in the 4-hour timeframe also signifies uncertainty among investors. It is recommended to keep an eye on the $24,300 mark for buying opportunities and vice versa.
Ethereum Price
As of now, the Ethereum price is trading at $1,701, with a 24-hour trading volume of $5.3 billion. Over the last 24 hours, Ethereum has gained more than 0.10%. Its current market cap is $208 billion, and it is ranked #2 on CoinMarketCap.
During the Asian session, the ETH/USD pair is experiencing sideways trading, remaining within a narrow range of $1,670 to $1,720. The direction of Ethereum's trend will depend on whether this range is broken.
On the 4-hour timeframe, Ethereum has formed an upward channel that is keeping the ETH price supported near the $1,650 level. If buying pressure increases, ETH could break through the $1,720 mark and reach the next resistance areas of $1,740 and $1,825.
On the other hand, a break below the $1,675 level could extend the downtrend toward the $1,635 or $1,600 mark.
