Bitcoin Begins Recovery
Recently, Bitcoin has been trapped in a range between $9,800 and $10,500. After failing to break the resistance several times, BTC finally achieved a breakthrough four days ago on September 14.
Where to Next?
After achieving the breakthrough, BTC’s price has slowly crawled its way up to $11,000. Due to the slow increase of only 4% in two days, BTC has been unable to achieve another breakthrough at $11,000.
The price may pull back to the previous resistance level at $10,500 before retesting $11,000. If the market becomes bullish, the price may not even reach $10,500 before retesting the resistance. However, the chances of that occurring are low.
If the new support at $10,500 breaks, then we will probably see the price retrace to $9,800, or even further to $9,000.
Where to Next?
After achieving the breakthrough, BTC’s price has slowly crawled its way up to $11,000. Due to the slow increase of only 4% in two days, BTC has been unable to achieve another breakthrough at $11,000.
The price may pull back to the previous resistance level at $10,500 before retesting $11,000. If the market becomes bullish, the price may not even reach $10,500 before retesting the resistance. However, the chances of that occurring are low.
If the new support at $10,500 breaks, then we will probably see the price retrace to $9,800, or even further to $9,000.
The best cryptocurrency automated trading platform.
-Cryptohopper-
cryptohopper.com/
-Cryptohopper-
cryptohopper.com/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.