Bitcoin (BTC) Price Prediction for September 13
09/13/2024 21:50Does Bitcoin (BTC) have strength to keep rising from current prices?
Original U.Today article
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Most of the coins remain in the green zone, however, there are some exceptions to the rule, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has gone up by 0.11% over the past day.
On the hourly chart, the rate of BTC is coming back to the local support of $57,751. If the daily bar closes around it, one can expect a level breakout, followed by a move to the $57,000 area.
On the bigger time frame, traders should pay attention to the nearest level of $58,518. If the candle closes far from it, there are low chances to see a resistance breakout shortly, as not enough energy has been accumulated yet.
From the midterm point of view, bulls are trying to withstand sellers' pressure. However, it the weekly bar closes near $60,000, traders are unlikely to witness a further upward move.
In this case, sideways trading in the zone of $56,000-$60,000 is the more likely scenario.
Bitcoin is trading at $57,763 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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