Bitcoin, which has shown an upward performance of close to 5% in the last 24-hour period, is at $ 24,070 at the time of writing. In this article, we have examined the technical view of Bitcoin for you.
BTC/USDT 4 Hours
Today close to 5% Bitcoin on the rise, $24,200 received a reaction from the resistance zone at the level. In case Bitcoin, which is above both MA50 and MA200 from its moving averages, breaks this resistance zone. 25,200 It is expected to rise to $. If Bitcoin cannot break its resistance, 22500 dollars It is thought that it can touch the “rising trend” at the levels and start to rise again.
22,500 If it breaks the rising trend of the dollar to the downside, you can buy it. 20800 dollars levels can be considered. Your strongest support 19 thousand dollars level is presumed to be.
If the inflation data to be announced this week is below expectations, many analysts and commentators think that the price will continue to rise. However, the previously announced inflation data from 9.1% If it’s high, the Fed’s 100 basis point rate hike Since there is a possibility of planning, the price of Bitcoin may decrease for short-term investors. This decrease is expected to start a few weeks before the interest rate to be announced on September 20-21.
Total value of the cryptocurrency market with Bitcoin’s recent rise of $1.1 trillion got on top of it again. Also, if Bitcoin 450 billion dollars reached market value.