The current Bitcoin price is $16,747, and the 24-hour trading volume is $11 billion. Bitcoin has fallen by 0.10% in the previous 24 hours. CoinMarketCap now ranks first, with a live market cap of $322 billion. It has a total quantity of 21,000,000 BTC coins and a circulating supply of 19,236,818 BTC coins. On Sunday, the BTC/USD is expected to locate initial support near $16,560. With RSI and MACD in the oversold zone, BTC prices could surge to the 23.6% Fibonacci retracement level of $17,000. Bitcoin Price Chart - Source: Tradingview Up forward, the 38.2% Fibonacci retracement point and the 50-day simple moving average at $17,250 will act as new resistance for the BTC/USD pair. However, if BTC prices drop below $16,570, the $16,150 support level could become vulnerable.
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