Bitcoin Price Prediction – September 18
The Bitcoin value prediction is seen dealing with the upside because the coin rises to commerce above $48,000.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Resistance Levels: $52,000, $54,000, $56,000
Support Levels: $44,000, $42,000, $40,000
BTC/USD shoots to the north because the latest transfer marks a tremendously upward motion, nevertheless it is vital to observe that the Bitcoin value has not exceeded any main technical degree. Looking on the day by day chart, BTC/USD has been attempting to begin the upward transfer because the European session nevertheless it is struggling to acquire momentum because the uptrend of your complete market comes to a standstill.
Bitcoin Price Prediction: Bitcoin Not Yet Ready for The Upside
At the time of writing, the Bitcoin value is buying and selling up 1.46% at its present value of $48,049 degree. Moreover, because the resistance mounts, the constructive motion in the direction of $50,000 could probably come into focus and the subsequent few days may reveal the place Bitcoin (BTC) and different altcoins will pattern. However, if the king coin decides to dig dip; it’s probably to hit the important helps at $44,000, $42,000, and $40,000 respectively.
Furthermore, ought to within the case of bulls retaining the value above the 9-day MA; transferring up additional to cross the 21-day transferring common may take the value in the direction of the higher boundary of the channel which can probably contact the resistance ranges of $52,000, $54,000, and $56,000. The technical indicator Relative Strength Index (14) is probably to face the upside to counsel extra bullish alerts into the market.
BTC/USD Medium – Term Trend: Ranging (4H Chart)
Looking on the 4-hour chart, BTC/USD is buying and selling at $48,060 as all eyes are glued to the $49,000 resistance degree. At the time of writing, the Bitcoin value is crossing beneath the 9-day and 21-day transferring averages as the present pattern is nonetheless ranging. However, the sellers could start to management the market however sideways motion could proceed to play out.
At the time of writing, the red-line of 9-day MA is nonetheless beneath the green-line of 21-day MA, and the coin could probably retest the assist degree of $47,000 and beneath if the value crosses this barrier. To verify this, the technical indicator Relative Strength Index (14) is seen following the downward motion beneath 55-level. Therefore, BTC/USD could probably contact the resistance degree of $49,500 and above if the value strikes above the higher boundary of the channel.
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