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  • Bitcoin Price Analysis: The price of Bitcoin is fixed at $ 54,000

Bitcoin Price Analysis: The price of Bitcoin is fixed at $ 54,000

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  Bitcoin

TL; Fault DR

  • Bitcoin price analysis shows that the cryptocurrency is fixed at $ 54,000.
  • The king of cryptocurrencies has been bullish for the past few days.
  • Current support is found at $ 53,933.
  • The current resistance is found at the $ 54,720 mark.

Bitcoin price analysis shows that the king of cryptocurrencies is fixed at $ 54,000 after entering an uptrend on October 6. The ascent lasted for two days and today the king is finally stable after a short fluctuation above the $ 55,000 mark. Over the past 24 hours, Bitcoin has risen 5.09% to 25.51 in the last seven days. The king enjoys running uphill with great zeal.

Bitcoin Price Analysis: The 1-day chart shows that cows are superior

One-day Bitcoin price analysis shows that the king of cryptocurrencies is fluctuating more than in previous days. The king is superior in the ascending trend. The upper bouts featured two cutaways, for easier access to the higher frets. The nine-day moving average is at the initial support level of $ 48,872, while the average of the Bollinger Bands acts as the second support point with $ 45,978.

Bitcoin Price Analysis: Bitcoin is fixed at $ 54,000
BTC / USD 1 day candlestick price chart. Source: Commercial View

The Bollinger Bands drop to the lowest support level at $ 37,570, the difference between opening and closing trends. The relative strength index (RSI) score is 67.15, which is slightly above the sell-off.

The 4-hour BTC / USD chart confirms the uptrend

The four-hour Bitcoin price analysis chart shows that volatility is on the rise, with the higher Bollinger Band showing the strongest resistance at $ 56,527 and the lower Bollinger Band showing the strongest support at $ 46,156. Gives. This difference indicates an increase in fluctuations compared to the past.

Bitcoin Price Analysis: Bitcoin is fixed at $ 54,0002
BTC / USD 1 day candlestick price chart. Source: Commercial View

The nine-day moving average is seen as close support at $ 53,740 and the Bollinger Bands average at $ 51,342. The Relative Strength Index (RSI) score at 73.19 is found in the over-the-counter area and helps provide room for the bears to regroup.

Bitcoin Price Analysis: Conclusions

Now, the king of cryptocurrencies is having a good uptrend over the past seven days. Now, the king is tired of the $ 54,000 price tag to try again for $ 55,000. If the current support level continues, the king of cryptocurrencies will probably put it in the $ 55,000 mark. If current support is shaken, the fall will depend on support errors, and the price is likely to fall to the $ 50,000 range.

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