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  • Bitcoin Price Analysis: Bitcoin is back above $ 42,000 and is set to rise further by the weekend?

Bitcoin Price Analysis: Bitcoin is back above $ 42,000 and is set to rise further by the weekend?

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish today.
  • Bitcoin is currently at around $ 42,000.
  • More climbs are likely to occur in the next 24 hours.

Bitcoin price analysis is bullish for today because the cows overcame a further downtrend yesterday and the price stabilized above $ 42,000. Therefore, we expect the BTC / USD to continue at its highest level in the next 24 hours and appear to reach $ 45,000 in the previous swing.

Bitcoin Price Analysis: Bitcoin is back above $ 42,000 and is set to rise further by the weekend?  1
Encrypted currency heat map Source: Coin360

The general market turned green in the last 24 hours. Bitcoin and Atrium market leaders grew 2.9% and 3.55%, respectively. Meanwhile, LUNA and XTZ have the best performance today with an increase of more than 15%.

Bitcoin price movement in the last 24 hours: Bitcoin rises to $ 42,000

BTC / USD traded in the range of $ 40,967.32 – $ 43,168.39, which shows a slight fluctuation in the last 24 hours. Trading volume totaled $ 35.8 billion, down 7.74% from yesterday. Meanwhile, the total market capitalization is about $ 800 billion, which leads to a 42.16% dominance of the market.

4-hour chart BTC / USD: BTC targets next $ 45,000 price?

In the 4-hour chart, we can keep the price of Bitcoin fixed at around $ 42,000 right now, as the cows prepare to climb further.

Bitcoin Price Analysis: Bitcoin is back above $ 42,000 and is set to rise further by the weekend?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price performance this month has seen a strong increase. After falling below $ 53,000, a decline of more than 15% was observed on September 7.

Finally, support was found at around $ 44,000, with a higher move last week showing lower volatility. Since then, BTC / USD has fallen more than 15 percent on September 20, while support was around $ 40,000.

Earlier this week, the cows recovered some of their losses, reaching $ 45,000. However, another jump was observed yesterday, this time setting its lowest level at around $ 41,000. Since then, the cows have gained momentum in the market and are slowly preparing to climb further.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish in the next 24 hours as we saw a decline yesterday and the market has since returned above $ 42,000. Therefore, we expect BTC / USD to rise further in the next 24 hours, reaching a high above $ 45,000.

While you wait for more bitcoin to move, read our guide to decentralized exchanges, NFT Crypto as well as bitcoin.

Disclaimer. The information provided is not a commercial recommendation. Ramzifa.ir is not responsible for the investments made based on the information provided on this page. We strongly recommend independent research and / or consultation with a qualified professional before making an investment decision.