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Bitcoin Price Analysis: Bitcoin quickly broke $ 46,500, continuing to rise?

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish for today.
  • BTC / USD crossed the $ 46,500 resistance.
  • Bitcoin will reach $ 48,000 in the future.

Bitcoin price analysis is bullish today as the market crosses the $ 46,500 resistance and is currently trading at the highest level of around $ 47,500. Therefore, we expect BTC / USD to continue today and reach the highest level.

Bitcoin Price Analysis: Bitcoin quickly broke $ 46,500, continued to rise?  1
Encrypted currency heat map Source: Coin360

The cryptocurrency market traded slightly higher in the last 24 hours. Bitcoin, the market leader, rose 2.19 percent, while Atrium rose 2.02 percent. Polkadot (DOT) has the worst performance with a loss of 7.15%.

Bitcoin price movement in the last 24 hours: Bitcoin resistance crossed $ 46,500.

BTC / USD traded in the range of $ 46,210.87 – $ 47,665.88, which shows a strong fluctuation in the last 24 hours. Trading volume decreased by 24.97% to a total of $ 2.5 billion, while the total market value is about # 839.7 billion.

4-hour chart BTC / USD: Does BTC seem to increase further?

In the 4-hour chart, we can see the increase in the price of Bitcoin today because the cows have not lost their momentum yet.

Bitcoin Price Analysis: BTC sets higher and will continue to rise?
4-hour chart BTC / USD. Source: TradingView

Bitcoin price action has fluctuated sharply this month. After rising to $ 53,000 on September 7, a sharp change followed in the next 24 hours.

BTC / USD initially fell nearly 20 percent until it hovered below $ 46,500. From there, several days of downward movement were predicted for the bears to test the previous low again.

On September 13, the price of Bitcoin stabilized and was supported at $ 44,000. From there, BTC rallied in the last 24 hours, breaking the $ 46,500 resistance, which indicates an uptrend.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish in the next 24 hours as the highest figure was set above $ 46,500 today. Therefore, we expect BTC / USD to continue to this day and $ 48,000 to be used as the next target.

As you wait for more bitcoin to move, read our articles on packaged Bitcoin, decentralized exchanges, and the NFT market.

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.