Bitcoin Dives Below USD 39K

Bitcoin’s price today is 39,101.99 USD, with a 24-hour trading volume of 33.93 B USD. BTC is down -7.15% in the last 24 hours. It is currently -10.61% from its 7-day all-time high of 43,745.34 USD, and 2.01% from its 7-day all-time low of 38,329.70 USD. BTC has a circulating supply of 18.94 M BTC and a max supply of 21.00 M BTC.

Bitcoin price tried to clear the USD 43,500 resistance zone. However, BTC struggled to gain pace and started a decline below USD 41,200. There was a break below USD 40,000 and the price is currently (04:18 UTC) consolidating losses near USD 38,700.

After another failure near USD 43,500, bitcoin price started a fresh decline. It’s down 7% in a day. BTC declined sharply below the USD 41,200 and USD 40,500 support levels. It even broke the USD 40,000 support and tested USD 38,500. It is now recovering and facing resistance near USD 39,000. The next major resistance is near USD 40,000, above which the price might start a recovery wave.

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