Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptopolitan 2021-09-10 08:52:17

Bitcoin price analysis: BTC in bears at $46,000

TL;DR Breakdown Bitcoin price analysis shows that Bitcoin is engulfed in a bearish movement.The bearish movement started on the 7th of September with a flash crash.Strong support is currently found at the $46,000 mark.Strong resistance is currently found at the $47,320 mark. Bitcoin price analysis reveals that the king of cryptocurrency is engulfed in a bearish momentum that started with a flash crash on the 7th of September. The king of cryptocurrency has been trying to recover past the $47,000 mark since the flash fall to the $43,000 level. During the past 24 hours, Bitcoin’s price has been down by 0.21 percent, and it is down by 6.27 percent on the seven-day chart. The king is keeping the market in overall bearish momentum with hints of bullish sprints here and there. Bitcoin price analysis 1-day candlestick shows increase in volatility The one-day candlestick Bitcoin price analysis shows that the volatility is slightly increasing on the one-day chart analysis compared to the past few days. The upper Bollinger band, marking the strongest resistance, is found at the $52,094 mark. While the lower Bollinger band, marking the strongest support, is found at the $45,073 level. BTC/USD 1-day candlestick price chart. Source: Trading View The nine-day moving average (MA) and the Bollinger bands’ average are still presenting bearish crossover serving as strong resistance points for the king of cryptocurrency. The nine-d...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.