{"id":379904,"date":"2023-03-14T11:40:28","date_gmt":"2023-03-14T11:40:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=379904"},"modified":"2023-03-14T11:40:28","modified_gmt":"2023-03-14T11:40:28","slug":"bitcoin-price-prediction-for-today-march-14-btc-price-is-recovering-as-it-approaches-the-25k-mark","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-march-14-btc-price-is-recovering-as-it-approaches-the-25k-mark","title":{"rendered":"Bitcoin Price Prediction for Today, March 14: BTC Price Is Recovering as It Approaches the $25K Mark"},"content":{"rendered":"
On March 13, buyers kept the price above the moving average lines and the resistance at $23,000 as it approaches the $25k mark. As it advanced in the direction of the $25,000 overhead barrier today, BTC\/USD<\/a> climbed to a high of $24,516. The largest cryptocurrency’s price will begin to climb after it passes the $25,000 overhead resistance. Mining a valid Bitcoin block solo is so unusual that it has only happened 270 times in the last 13 years out of 700,000 blocks created. A single Bitcoin miner successfully mined the 780,112th block in the Bitcoin blockchain and was paid 6.25 Bitcoin (BTC) as the block reward. Almost $150,000 is anticipated for the payment. The occurrence itself is rare, and it can take months for a lone miner to get a valid hash, but the lone miner was also fortunate to get one after just two days of mining. In the 13-year history of Bitcoin, the unusual incident took place on March 10 and was the 270th solo mined block. The occurrence is unusual because a lone miner of this magnitude typically solves a block once every 10 months or so.<\/p>\r\n
Bitcoin Price Statistics Data:
•Bitcoin price now – $24,516.55
•Bitcoin market cap – $473,454,854,819
•Bitcoin circulating supply – 19,317,256 BTC
•Bitcoin total supply – $514,697,944,221
•Bitcoin Coinmarketcap ranking – # 1
Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $25,000, $20,000, $15,000
The BTC price recovered yesterday after rising above the moving average lines. The breakout has intensified the price movement. The price of Bitcoin today peaked at $24,867<\/a> before declining. In earlier market activity, the price of BTC five times retested the resistance at $25,000 but was unable to surpass the most recent high in February. While the price of BTC fluctuates below the $25,000 overhead resistance today, the bullish impulse has stalled. Although the asset’s price is in the bullish trend zone, the market has become overbought. Further upward rise of the cryptocurrency is improbable as the market moves into the overbought region. The cryptocurrency saw a large rejection at its peak of $25,227 on February 21, which led to the crash on March 10. If buyers keep the price over $25,000 and the bullish trend continues, the price of Bitcoin will rise to the next psychological price threshold of $30,000 high.<\/p>\r\nOne Bitcoin Miner Manages To Produce a Valid BTC Block and Earn $150,000<\/h2>\r\n