Bitcoin’s Price Has Some Technical Challenges to Overcome

Over the last 24 hours, the price of BTC has barely risen.

BTC price has retreated slightly after reaching a daily high of 16,961.79.

Technical indicators suggest that the price of BTC will fall in the next 24 hours.

According to CoinMarketCap, the price of the crypto market leader, Bitcoin (BTC), has increased by a small margin over the past 24 hours. At press time, BTC is changing hands at $16,954.31, a 0.01% increase in BTC price over the past 24 hours. BTC has also strengthened 0.25% against Ethereum (ETH) during the same period.

After setting a daily high of $16,961.79, BTC price has retreated slightly over the past 24 hours. Despite the retracement, BTC price is still trading near the 24-hour high. The daily low for the crypto is $16,914.19.

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