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  • Bitcoin Price Analysis: BTC is testing $ 41,000 again for the fourth time, are you ready to go back next week?

Bitcoin Price Analysis: BTC is testing $ 41,000 again for the fourth time, are you ready to go back next week?

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish today.
  • BTC / USD experienced another jump to $ 41,000.
  • Bitcoin cows are starting to rise again.

Bitcoin price analysis is bullish today as support for $ 41,000 witnessed another rejection with another negative rejection. Therefore, we expect the BTC / USD to reverse next week and eventually reach its highest level.

Bitcoin Price Analysis: BTC re-tests $ 41,000 for the fourth time, are you ready to go back next week?  1
Encrypted currency heat map Source: Coin360

The overall market traded with different results in the last 24 hours. Bitcoin, the market leader, grew 2.31 percent, while Atrium rose 3.69 percent. Meanwhile, the rest of the top altcoins are trading with different results, with Uniswap (UNI) having the best performance with almost 23% performance.

Bitcoin price movement in the last 24 hours: Bitcoin rose again from $ 41,000

BTC / USD traded in the range of $ 40,848.46 – $ 43,657.30, which shows a significant fluctuation in the last 24 hours. Meanwhile, total trading volume fell 8.81% to a total of $ 32.8 billion, while the total market value traded around $ 816 billion, leading to a 42.6% market dominance.

4-hour chart BTC / USD: Is BTC going to go higher?

In the 4-hour chart, we can see the price of Bitcoin move to the border of $ 44,000, which, if broken, could lead to a much higher rise.

Bitcoin Price Analysis: BTC re-tests $ 41,000 for the fourth time, are you ready to go back next week?
4-hour chart BTC / USD. Source: TradingView

The price of Bitcoin traded lower this month, which was very fat. Following a new swing at $ 53,000, a sharp reversal occurred on September 7, setting the trend for the rest of the month.

After consolidating above $ 44,000 in the middle of the month, the BTC / USD rose slightly to $ 48,500, with a major lower volatility. Then another strong move was found on Monday with the support of $ 41,000.

$ 41,000 has been re-tested three times since then, the last test re-rejected earlier today, indicating the formation of an uptrend. In general, we expect the price of bitcoin to start rising because the bears are probably out.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is rising as another support of $ 41,000 was seen today. Therefore, we expect the BTC / USD to be ready for further uptrend and a break above the previous local high to be seen early next week.

As you wait for more bitcoin to move, read our guide to NFT Games, CoinJar as well as Bitcoin Memes.

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.