Bitcoin er inden for et stramt område: Et udbrud eller et sammenbrud er nært forestående

Bitcoin (BTC) price has continued its selling pressure as the price action is dominated by doji candlesticks.

On September 22, the BTC price rose to the high of $19,524 and remained above the $19,000 support.

Bitcoin pris langsigtet prognose: bearish

Today, Bitcoin is trading at $19,209 as of press time. Last week, the price moved stably above the $19,000 support. The price movement was marginal due to indecision between buyers and sellers about the direction of the market. The cryptocurrency traded between $18,200 and $20,000.

One condition that buyers need to meet in order to resume the uptrend is to break the resistance at $20,000 or the 21-day line SMA. Moreover, a price recovery will break through the resistance levels and rally to the upper resistance at $25.205. Nonetheless, sellers have more advantages over buyers as Bitcoin is trading in the downtrend zone. A break below the $18,200 support will cause Bitcoin to fall to the low of $17,605.

Bitcoin (BTC) indikatoraflæsning

Bitcoin’s sideways movement has caused it to remain stable at the 44 level of the Relative Strength Index for the 14 period. BTC price bars are below the moving average lines, indicating further selling pressure. The moving average lines are tilted horizontally due to the long span of the sideways trend. Buyers have taken control of the prices as Bitcoin falls below the 20% area of the daily stochastic.

Teknisk indikator

Større modstandszoner: $30,000, $35,000, $40,000
Nøglestøttezoner: $25,000, $20,000, $15,000

Hvad er den næste retning for BTC / USD?

Bitcoin is in a tight trading range, and the direction of the market is unknown based on the Doji candlesticks. Bitcoin’s next direction will be an uptrend if the price rises above the 21-day line SMA. Otherwise, it will be a downtrend if the sellers overcome the support at $18,200.

Ansvarsfraskrivelse. Denne analyse og prognose er forfatterens personlige meninger og er ikke en anbefaling om at købe eller sælge cryptocurrency og bør ikke ses som en godkendelse af CoinIdol. Læsere bør lave deres egen research, før de investerer i fonde.