Bitcoin Trades in a Small Range as BTC Price Fluctuates and Hovers Above $15.5K Support – November 12, 2022
BTC/USD has continued to trade marginally within a small range as BTC price fluctuates and hovers above $15.5K support. The selling pressure on Bitcoin reduced as the market approached its negative exhaustion phase. Currently, there is less selling pressure as the market has begun moving sideways inside a small range.
Bitcoin Price Statistics Data:
•Bitcoin price now – $16,785.09
•Bitcoin market cap – $322,416,081,763
•Bitcoin circulating supply – 19,205,818.00 BTC
•Bitcoin total supply – $352,486,986,535
•Bitcoin Coinmarketcap ranking – # 1
Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $25,000, $20,000, $15,000
The bottom of the chart shows a price fluctuation for Bitcoin (BTC) between levels $15,500 and $18,150. Breaking these levels will determine how far the price will move. The price of Bitcoin is presently hovering above $15,500 after declining on November 9. The following day, the price of Bitcoin rose but ran into resistance at the high of $18,150.
On the plus side, the upward movement was halted at the $18,000 resistance level. Bitcoin was rejected after attempting the current resistance twice in a row. The price of Bitcoin has resumed moving sideways on a shorter time scale. Small body indecisive candlesticks have been used to describe the price movement. These candlesticks show that the market has entered an uncertain phase. Both buyers and sellers are unsure of the market’s trajectory.
Subway Takes Bitcoin as Users Can Order a Sandwich on the Lightning Network – Hovers Above $15.5K Support
In Berlin, Germany, the biggest franchise in the world, Subway, is putting the Lightning Network layer-2 Bitcoin payments solution to the test. Three Subways in Berlin, the capital of Germany, are testing Bitcoin payments as part of the largest franchise in the world in many locations. In Moscow, Russia, Subway conducted its first Bitcoin test over 13 years ago.
The owner of the Berlin Subway franchise Daniel Hinze has kept track of more than 120 Bitcoin transactions over the previous six months. Despite the efforts of traders, retailers, and even conferences with Lightning-enabled exchanges, Bitcoin is not a widely used medium of exchange in Europe. By providing a 10% discount on all footlongs, meatball marinaras, and suckers purchased with BTC, Hinze has promoted the use of cryptocurrency.
Bitcoin is now trading slightly within a narrow range as BTC price fluctuates and hovers above $15.5K support. The pricing change hasn’t changed anything. The biggest cryptocurrency is declining and getting close to the $15,500 low price point. BTC’s price fell to a low of $15,588 on November 9 before rising again. If Bitcoin rises back above the present support, positive momentum will resume.
D2T Will Be Listed on Bitmart Following the Presale
Dash 2 Trade and LBank are now scheduled to list on BitMart following the presale. The D2T presale is selling quickly, and it has now raised $6m towards the platform’s upcoming development.
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