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Bitcoin Price Analysis: BTC Tests $ 44,000 Again, Ready to Accumulate?

 تاریخ انتشار :
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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis is bullish for today.
  • BTC / USD rose to $ 44,000 overnight.
  • Bitcoin started to rise today.

Bitcoin price analysis is bullish for today as the market re-tested the $ 44,000 benchmark and hit a one-night low. Therefore, we expect the BTC / USD to rise over the next 24 hours, offsetting most of the losses seen earlier this week.

Bitcoin Price Analysis: BTC Tests $ 44,000 Again, Ready to Accumulate?  1
Encrypted currency heat map Source: Coin360

The cryptocurrency market traded with different results in the last 24 hours. Bitcoin fell 0.5 percent and Atrium 0.41 percent. Meanwhile, Cardano (ADA) has the best performance with 11.41% increase.

Bitcoin price movement in the last 24 hours: Bitcoin set its lowest level at $ 44,000

BTC / USD traded in the range of $ 44,344.49 – $ 45,899.09, which shows a moderate fluctuation in the last 24 hours. Trading volume fell 16.7 percent to $ 39.36 billion. Meanwhile, the total market capitalization is about $ 858.7 billion, which leads to a 41.2% dominance of the market.

4-hour chart BTC / USD: BTC start rising again?

In the 4-hour chart, we can see the bitcoin price rising in the past few hours as the cows move again.

Bitcoin Price Analysis: BTC Tests $ 44,000 Again, Ready to Accumulate?
4-hour chart BTC / USD. Source: TradingView

The bitcoin price trend fluctuated sharply this week. After rising to $ 46,500 in early September, BTC / USD finally reached $ 53,000 on September 7.

Since then, Bitcoin has experienced a rapid decline of 15% and its support was $ 43,000. In the middle of the week, slow motion increased and resistance was found at $ 47,000.

Within 24 hours, the Bitcoin price action fell further, this time to $ 44,000 in support. As further downtrends are ruled out, we expect the BTC / USD to rise over the next 24 hours and appear to cross the $ 46,500 resistance.

Bitcoin Price Analysis: Conclusions

Bitcoin price analysis is bullish as the new low was set overnight after the correction on Friday. Therefore, we expect the BTC / USD to reverse in the next 24 hours and appear to cross the $ 46,500 resistance again.

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.