#btc Technical Analysis and update
Observing a breakdown in the trend for $BTC, the initial modest support lies around $41,500, followed by a secondary support at approximately $40,600.
Should this second support level be breached, there is the potential for a significant correction in the price of BTC.
Bitcoin price today is $ 42,621 with a 24-hour trading volume of $ 31.54B, market cap of $ 835.40B, and market dominance of 49.28%. The BTC price decreased -0.38% in the last 24 hours.
Bitcoin reached its highest price on Nov 10, 2021 when it was trading at its all-time high of $ 68,770, while Bitcoin's lowest price was recorded on Jul 17, 2010 when it was trading at its all-time low of $ 0.050000. The lowest price since it's ATH was $ 15,599 (cycle low). The highest BTC price since the last cycle low was $ 48,941 (cycle high). The Bitcoin price prediction sentiment is currently neutral, while Fear & Greed Index is showing 60 (Greed).
