• 1 Bitcoin price is showing a bearish market trend since last month.
• 2 Due to this bearish trend, the RSI of Bitcoin reached its oversold zone.

2 이러한 약세 추세로 인해 비트코인의 RSI는 과매도 영역에 도달했습니다.

Bitcoin (BTC) price is following a downward market trend that took its price to drop nearly 12% in one month. This recent month’s downward trend is similar to last week’s bearish trend which shows the increased bears’ activity. Notably, in the recent week, BTC price further dropped over 11%, which is quite similar to its monthly price drop.

Due to the current bearish market trend, BTC’s price marked its 30-day low at $25,409.11 last week. However, its 30-day high was noted at $30,330.64, which is up over 14% from the current trading price of BTC. The market dominance of Bitcoin is currently 48.07%, with an almost null decrease over the day.

Bitcoin Price Analysis in A Month

According to TradingView, a web-based social network for traders, Bitcoin’s price is trading at $26,020.45 with a 24-hour trading volume of $9.33 Billion. BTC is down nearly 0.64% in the last 24 hours while having a current market cap of almost $506.45 Billion. The monthly price analysis of BTC further shows a downward trend that clearly shows its selloff in the last week.

트레이더를 위한 웹 기반 소셜 네트워크인 TradingView에 따르면 비트코인 ​​가격은 $26,020.45에 거래되고 있으며 24시간 거래량은 $93억 3천만입니다. BTC는 지난 24시간 동안 거의 0.64% 하락했으며 현재 시가총액은 거의 5,064억 5천만 달러에 달합니다. BTC의 월별 가격 분석은 지난 주 매도세를 명확하게 보여주는 하락 추세를 보여줍니다.

Since the beginning of last week, with the increased bears’ dominance, BTC price dropped nearly from its 20-day moving average. At press time, the bearish trend has taken control over the BTC price due to which the RSI has reached slightly down from its oversold zone. 

Notably, increased bears’ activity has also been observed that hampered the trading performance of Bitcoin.

특히, 비트코인의 거래 실적을 저해하는 곰의 활동 증가도 관찰되었습니다.

How are Other Cryptocurrencies Performing?

As Bitcoin is the most-traded cryptocurrency by market cap, the present bearish trend in its price has also affected the rest of the cryptocurrencies. Due to this, the fear and greed index is also indicating “fear” at 35 out of 100, as per the data sourced from CoinMarketCap, a cryptocurrency price tracking site.

비트코인은 시가총액 기준으로 가장 많이 거래되는 암호화폐이기 때문에 현재 가격 하락 추세는 나머지 암호화폐에도 영향을 미쳤습니다. 이로 인해 암호화폐 가격 추적 사이트인 코인마켓캡(CoinMarketCap)에서 가져온 데이터에 따르면 공포 탐욕 지수도 100점 만점에 35점으로 '공포'를 나타내고 있습니다.

The global crypto market cap also shows a 0.25% decline as is at $1.05 Trillion over the last day. Moreover, the total crypto market volume over the last 24 hours is $23.02 Billion, which further records a 0.62% decrease.

글로벌 암호화폐 시가총액도 지난 하루 동안 1조 5000억 달러로 0.25% 감소한 것으로 나타났습니다. 또한 지난 24시간 동안 전체 암호화폐 시장 규모는 230억 2천만 달러로 0.62% 감소했습니다.

Furthermore, the other cryptocurrencies which also experienced almost similar price drops last week are XRP, DOGE, and SOL. The price of XRP fell over 16% in the last 7 days, while at press time, it is trading at $0.522 with a 1.08% decline in the last 24 hours.

Dogecoin (DOGE) also showed over 15% price decline last week, while being down by 1.54% in the last 24 hours with a current trading price of $0.063183. Additionally, the price of Solana (SOL) also noted a more than 12% price decline in the last week. SOL also showed a downtrend with a 1.99% price decline in the last 24 hours, while it is trading at $21.34.

Dogecoin(DOGE)도 지난 주 15% 이상의 가격 하락을 보였으며, 현재 거래 가격은 $0.063183로 지난 24시간 동안 1.54% 하락했습니다. 또한 솔라나(SOL)의 가격도 지난 주에 12% 이상 하락했습니다. SOL 역시 지난 24시간 동안 1.99%의 가격 하락세를 보이며 21.34달러에 거래되고 있습니다.

다음 가격 분석에 따르면 비트코인 ​​가격이 반등하기는 상당히 어려울 것이라고 할 수 있습니다. 그러나 다시 한 번 암호화폐 시장을 강세장에서 거래하려면 적극적인 강세자들의 막대한 지원이 필요합니다.

Disclaimer

부인 성명

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

저자 또는 이 기사에 언급된 사람들이 언급한 견해와 의견은 정보 제공을 위한 것일 뿐 재정, 투자 또는 기타 조언을 확립하지 않습니다. 암호화폐나 주식에 투자하거나 거래하면 금전적 손실이 발생할 위험이 있습니다.