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BTC/USD Trades Above $43,000 Level

Bitcoin Price Prediction – September 22

The Bitcoin worth prediction is displaying constructive indicators and it is possible to speed up additional greater if the bulls put extra strain.

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key ranges:

Resistance Levels: $49,000, $51,000, $53,000

Support Levels: $35,000, $33,000, $31,000

BTCUSD – Daily Chart

According to the every day chart, BTC/USD is seen buying and selling nicely above the resistance stage of $43,000. More so, the Bitcoin worth is inside touching distance of forming a brand new pattern above the decrease boundary of the channel, which is fairly exceptional. However, the technical indicator additionally confirms because the Relative Strength Index (14) retains transferring above 40-level.

Bitcoin Price Prediction: Bitcoin (BTC) May Trade Above $45,000 Level

At the time of writing, the Bitcoin worth is buying and selling comfortably in direction of the 9-day and 21-day transferring averages as the worth establishes a brand new bullish sign. With the look of issues, merchants might see that the long-term outlook is favoring the bulls, giving the every day shut produced a big bullish engulfing candle with eyes now set on the every day resistances at $49,000, $51,000, and $53,000 respectively.

However, any drop from the present stage beneath the decrease boundary of the channel could lead on the king coin to the important help ranges. Therefore, in case BTC touches the low of $40,000 help, the primary digital asset can depend on the long-term help ranges at $35,000, $33,000, and $31,000 whereas the technical indicator suggests extra bullish alerts into the market.

BTC/USD Medium-term Trend: Bearish (4H Chart)

According to the 4-hour chart, the Bitcoin worth is seen buying and selling inside the 9-day and 21-day transferring averages at $43,490. However, at this time’s worth transfer occurs to be a powerful one because it climbs above the resistance stage of $43,000 with a pointy upsurge. More so, BTC/USD is now sustaining its bull-run above this stage because the technical indicator RSI (14) strikes to contact 45-level.

BTCUSD – 4 Hour Chart

However, BTC could take a downward transfer if the bulls failed to push the worth greater and the coin could breach beneath the 9-day transferring common which might attain one other help at $41,000 and beneath. Nevertheless, if the bulls discover a respectable motion above the 21-day transferring common, the coin could hit the resistance stage of $46,000 and above.

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