TL; Fault DR
- Bitcoin price analysis shows that the digital currency is improving after the fall of Flash.
- The sharp drop pushed the price to $ 43,173 before climbing.
- Strong support is currently found in the $ 46,100 range.
- Strong resistance is currently found in the $ 46,500 range.
Bitcoin price analysis shows that the king of cryptocurrencies is now recovering after falling sharply, bringing its price down to $ 43,173. The king of cryptocurrencies reached $ 46,000 immediately after falling sharply on September 7th. In a sudden fall, the king of cryptocurrencies fell from $ 50,800 to about $ 7,000 below $ 43,200. King fell 11.4 percent in the past 24 hours and 1.27 percent in the past seven days.
Bitcoin Price Analysis: The 1-day chart shows bearish crossovers
The overnight bitcoin price analysis chart shows the increase in price volatility due to a sharp drop in price in the last 24 hours. However, this fluctuation is still lower than last month. The upper bouts featured two cutaways, for easier access to the higher frets.
The nine-day moving average (MA) also shows the first bearish crossover at $ 49,229, while the Bollinger Bands average shows the second bearish crossover at $ 48,880. The current price at the time of writing is $ 46,424. The Bollinger Strip is a strong support signal below the current price of $ 45,757. The relative strength index score is found at 46.87, which indicates that there is enough space for buyers to once again change this trend in favor of cows. However, the move is approaching the sales area too.
The 4-hour BTC / USD analysis shows excessive sales acceleration
Contrary to the one-day Bitcoin price analysis chart, the four-hour chart shows that the Relative Strength Index (RSI) with a score of 27.97 has sold very fast. Fluctuations have also increased several times compared to the past few weeks. The upper bouts featured two cutaways, for easier access to the higher frets. The upper bouts featured two cutaways, for easier access to the higher frets.
The average Bollinger Bands is above the nine-day moving average at $ 50,138, while the moving average is at $ 49,100. There are no other downtrends in the four-hour charts other than the poor RSI score, which is such that buyers have to work harder to increase it in the four-hour move.
Conclusion Bitcoin price analysis
Bitcoin price analysis charts show a downward trend after a sudden fall. The reason for the flash failure is still unknown at the time of writing this article. However, speculation is rife in the cryptocurrency market. If the current support levels continue, Bitcoin is likely to return to the $ 50,000 mark in a slow and steady upward movement. If the current support level is shaken again, the king of cryptocurrencies is likely to fall to the $ 43,000 price level, as seen in the previous abrupt fall.
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