<![CDATA[<figure class="image"><img src="https://cimg.co/news/124251/328025/5-2.jpg" srcset="" width="" class="content-img" alt=""></figure><p>As <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin</a> takes the limelight once again, its live valuation stands at $25,702, experiencing a minor slump of nearly 1% over the past 24 hours.&nbsp;</p><p>According to the latest metrics from <a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>, Bitcoin proudly retains its #1 position with a monumental market capitalization of approximately $500.6 billion.&nbsp;</p><p>The current circulation encapsulates 19,477,231 BTC coins, edging closer to its maximum supply limit of 21 million BTC.&nbsp;</p><p>With an active trading volume of $11.6 billion, the recent downturn prompts the question: Is this the opportune moment for investors to buy the dip?</p><h2 id="strong-bitcoin-price-prediction-strong"><strong>Bitcoin Price Prediction&nbsp;</strong></h2><p><a href="https://cryptonews.com/news/bitcoin-price-prediction-as-btc-rebounds-from-recent-bottom-where-next-btc-target.htm">Bitcoin</a> 's valuation is facing challenges in surging past the $26,200 mark. Recent trends suggest a potential decline below $25,500 in the imminent future.&nbsp;</p><p>Although there was an attempt to rally from the $25,350 threshold, the digital currency encountered resistance, particularly at the pivotal $26,200, maintaining its bearish disposition.</p><p>Currently trading beneath $26,000, multiple indicators foreshadow an amplified bearish sentiment below this figure, accompanied by the 100-hourly Simple Moving Average.&nbsp;</p><p>Additionally, a prominent downward trend line, with its resistance around $25,650, can be discerned on the BTC/USD pair's hourly chart.</p><figure class="image"><img src="https://cimg.co/news/124251/328023/btc.jpg" srcset="https://cimg.co/news/124251/328023/responsive-images/btc___media_library_original_1728_955.jpg 1728w, https://cimg.co/news/124251/328023/responsive-images/btc___media_library_original_1200_663.jpg 1200w, https://cimg.co/news/124251/328023/responsive-images/btc___media_library_original_900_497.jpg 900w, https://cimg.co/news/124251/328023/responsive-images/btc___media_library_original_720_398.jpg 720w, https://cimg.co/news/124251/328023/responsive-images/btc___media_library_original_600_332.jpg 600w, https://cimg.co/news/124251/328023/responsive-images/btc___media_library_original_300_166.jpg 300w" width="1728" class="content-img" alt=""></figure><p>The immediate overhead resistance is pinpointed around $25,650, with a consequential significant resistance close to the $26,000 mark.&nbsp;</p><p>This latter resistance correlates with the 23.6% Fibonacci retracement level of the descent from a high of $28,150 to a low of $25,332. Any further notable resistance lies at approximately $26,200.</p><p>Surpassing this could potentially initiate a more substantial recovery, aiming for the $26,500 region, and potentially targeting an even more optimistic $27,800 upon breaching the $27,000 resistance.</p><p>Conversely, a descending trajectory might persist if Bitcoin cannot navigate past the $26,000 resistance.&nbsp;</p><p>Immediate floor support is identifiable near $25,350, followed by a critical support at $25,000. Breaking beneath this pivotal point might accelerate the bearish momentum, potentially driving values as low as $24,500.</p><h2 id="strong-top-15-cryptocurrencies-to-watch-in-2023-strong"><strong>Top 15 Cryptocurrencies to Watch in 2023</strong></h2><p>Explore our meticulously chosen collection of the top 15 digital assets to watch in 2023 to stay updated on the latest initial coin offering (ICO) projects and alternative cryptocurrencies.&nbsp;</p><p>This list has been compiled by industry experts from Industry Talk and Cryptonews, ensuring that you receive professional recommendations and valuable insights.&nbsp;</p><p>As you navigate the ever-changing world of digital assets, stay ahead of the game and discover the potential of these cryptocurrencies.</p><div class="raw-html-embed"><div style="background: #920047;margin-bottom: 20px;width: 50%;text-align: center;padding: 8px;border-radius: 5px;background-image: linear-gradient(107deg,#930046,#59008a);color: white;padding-left: 1em;padding-right: 1em; font-size: 16px;"><a style="text-decoration:none;color:white" href="https://cryptonews.com/news/new-cryptocurrency.htm" target="_blank" rel="nofollow noindex">See the 15 Cryptocurrencies</a></div></div><h2 id="strong-find-the-best-price-to-buy-sell-cryptocurrency-strong"><strong>Find The Best Price to Buy/Sell Cryptocurrency</strong></h2><figure class="image"><img src="https://cimg.co/news/124251/328024/tracker.jpg" srcset="https://cimg.co/news/124251/328024/responsive-images/tracker___media_library_original_1537_582.jpg 1537w, https://cimg.co/news/124251/328024/responsive-images/tracker___media_library_original_1200_454.jpg 1200w, https://cimg.co/news/124251/328024/responsive-images/tracker___media_library_original_900_341.jpg 900w, https://cimg.co/news/124251/328024/responsive-images/tracker___media_library_original_720_273.jpg 720w, https://cimg.co/news/124251/328024/responsive-images/tracker___media_library_original_600_227.jpg 600w, https://cimg.co/news/124251/328024/responsive-images/tracker___media_library_original_300_114.jpg 300w" width="1537" class="content-img" alt=""></figure><p><i><sup>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.</sup></i></p>
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Bitcoin Price Prediction as BTC Drops 1% – Time to Buy the Dip?

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