Bitcoin Price Prediction – September 26
The Bitcoin worth is buying and selling properly above the $43,000 and the coin might climb above the $44,000 resistance to proceed increased.
BTC/USD Long-term Trend: Ranging (Daily Chart)
Key ranges:
Resistance Levels: $48,000, $50,000, $52,000
Support Levels: $38,000, $36,000, $34,000
BTC/USD begins the day with a draw back motion because the coin touches the low of $40,803 within the early hours of at present, however later, BTC/USD market begins to enhance, transferring it out of the draw back to the upside. However, inside a number of hours, the Bitcoin worth has moved up from $40,803 to $43,767 and now altering fingers at $43,345.
Bitcoin Price Prediction, Bitcoin (BTC) May Consolidate
At the time of writing, the Bitcoin worth is discovering it too troublesome to climb increased above the $44,000 resistance because the coin is seemingly to transfer between $43,000 and $44,000 beneath the 9-day and 21-day transferring averages. However, by the point the brand new uptrend actions are starting to play out, patrons will use the decrease boundary of the channel as the closest help stage. But in as a lot because the red-line of 9-day MA is beneath the green-line of 21-day MA, the market might stay on the draw back.
On the opposite hand, if the market decides to go down, BTC/USD might drop to $42,000, and may this help fails to comprise the sell-off, the market might even see an additional drop to $38,000, $36,000, and critically $34,000. Meanwhile, the resistance ranges to watch are $48,000, $50,000, and $52,000 respectively. More so, the Relative Strength Index (14) is already transferring beneath 45-level, suggesting sideways motion.
BTC/USD Medium – Term Trend: Ranging (4H Chart)
Looking on the 4-hour chart, the Bitcoin worth is at the moment buying and selling round $43,411 and above the 9-day and 21-day transferring averages after a reversal from $40,803 the place the market touched at present. Meanwhile, we are able to see that the bullish provide is arising slowly available in the market whereas the bears are additionally making an attempt to drag the worth down.
However, if the patrons might strengthen and energize the market, they can additional push the worth to the $45,000 resistance stage. Therefore, breaking the talked about resistance might additionally permit the bulls to hit the $45,500 and above. Meanwhile, the Relative Strength Index (14) is at the moment transferring above 50-level, however any motion beneath the transferring averages might welcome the sellers again into the market to hit the help stage of $41,500 and beneath.
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