TL; Fault DR
- Bitcoin price analysis is bullish for today.
- BTC / USD witnessed a strong uptrend overnight.
BTC returned to $ 44,000 previous support.
Bitcoin price analysis is bullish today as cows have hit the market in the last 24 hours, while the previous support of the previous $ 44,000 has already been tested as a resistance. Therefore, we expect BTC / USD to continue to this day and make even more losses.
The overall market traded green in the last 24 hours, with the market-leading Bitcoin growing 4.34%. Atrium is next with 7.09%, while the rest of the top altcoins perform even better.
Bitcoin price movement in the last 24 hours: Bitcoin price increase reached $ 44,000 in the previous main support
BTC / USD traded in the range of $ 42,326.97 – $ 44,316.50, which shows a slight fluctuation in the last 24 hours. Total trading volume decreased by 10.37% and the total is $ 38.4 billion, while the total market value is traded at about $ 830.9 billion, resulting in 41.9% market dominance.
4-hour chart BTC / USD: Does BTC seem to cross the $ 44,000 resistance?
In the 4-hour chart, we can see the price of Bitcoin testing $ 44,000 resistance, as cows seek to increase the market today.
Bitcoin prices have been trading strongly in recent weeks. After reaching $ 53,000 on September 7, the initial drop was more than 15%.
Support was found several times at $ 44,000 and re-tested, with a sudden increase last week, the new major swing at its lowest level reached $ 48,500. What happened next was a sharp drop again on Monday.
The price of Bitcoin showed an initial reaction just below $ 41,000, and was tested again early yesterday. From there, the cows returned and raised the price of Bitcoin to $ 44,000 previously significant support.
Bitcoin Price Analysis: Conclusions
Bitcoin price analysis is bullish for today because a strong bullish move was observed in the last 24 hours. Therefore, we expect BTC / USD to cross the nearest current resistance of $ 44,000 and continue to move higher.
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