TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Bitcoin Price Consolidating Within $45K ! Where BTC Price is Heading Next? – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
September 24, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

6 Fantastic Uses Of Cryptocurrency

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

Bitcoin Price Action 

Bitcoin and the larger crypto market have had a mixed morning. The $48,000 levels would be in play if Bitcoin moved back through the $45,000 levels.

Bitcoin fell to an early morning low of $43,102.0 before recovering support, indicating a mixed start to the day.

Bitcoin surged to a mid-morning high of $44,356.0, avoiding the 38.2 percent FIB of $41,592 and the first major support level at $41,450.

Despite the rally, Bitcoin fell short of the first significant resistance level at $44,849, resulting in a drop to below $44,000.

At the time of writing, Bitcoin is trading at $44,231 up by 3.8% in the last 24 hours. Looking ahead, the first major resistance is at $44356. If there isn’t a broad-based crypto rally, the resistance at $45,000 will likely cap any further gains.

Before any retracement, Bitcoin might hit resistance above $48,000 if it continues to rise through the afternoon. $46,124 is the second significant resistance level.

If the price falls below the $42,725 pivot, the 38.2 percent FIB of $41,592 and the first major support level at $41,450 will be tested.

However, unless there is a sustained sell-off into the afternoon, Bitcoin should avoid falling below the $40,000 support level. $39,326 is the second significant support level.

Volatility Always an Opportunity!

Pentoshi, a trader, compared this year’s bull market to past years’ bull markets, which experienced numerous deeper falls from local highs on the route to a wider cycle top.

He says, peaks without valleys is not possible. He draws parallel to 2017, were 5 corrections lasted between 13-34 days greater than 20%. Similarly, This year there have been 5 corrections of greater than 20% and $BTC is still currently 42.5k 

“The volatility is all opportunity at the end of the day” he added.

Can’t have peaks w/o valleys

In 2017 there were 5 corrections lasted between 13-34 days greater than 20%

This year we have had 5 corrections of greater than 20% and $BTC is still currently 42.5k

The volatility is all opportunity at the end of the day

— 🧸🔫🐧Pent◎shi Wont DM You (@Pentosh1) September 22, 2021





Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Philippe Aghion: “The crisis has revealed that Europe is not as good as the US at innovating” | Economy

Next Post

Ex-convicts find second chance in the exercise

souhaib

Recommended For You

6 Fantastic Uses Of Cryptocurrency

by souhaib
May 19, 2022
0

While cryptocurrency is definitely a trending topic these days, many people are still unsure of how exactly they could make the most of it. In fact, even 14...

Read more

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more
Next Post

Ex-convicts find second chance in the exercise

No Result
View All Result

Recent Posts

  • Salvador Ramos, the author of the shooting in Texas, a withdrawn young man who sowed terror in a Uvalde school | International
  • What requirements are necessary to buy a gun in the US? | Video
  • Steve Kerr, a voice that carries in the face of America’s ills
  • The Sao Paulo Stock Exchange closes stable with a sharp fall in banking
  • NBA: Ben Simmons lists his seven-bedroom LA mansion for $32.5million

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.