Bitcoin (BTC) Price Prediction for September 19
09/19/2024 23:25Does Bitcoin (BTC) has enough energy to grow?
Original U.Today article
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The fall has not lasted long, and most of the coins have returned to the green zone, according to CoinMarketCap.
BTC/USD
Bitcoin (BTC) is one of the biggest gainers today, rising by 5.93%.
On the hourly chart, the price of BTC might have set a local resistance level of $63,363. If the daily bar closes far from it, one can expect a correction to the $62,000 range soon.
On the bigger time frame, one should pay attention to the candle's closure in terms of the level of $63,236. If it happens near that mark or above, there is a chance to see a breakout, followed by a further upward move to $65,000.
From the midterm point of view, neither bulls nor bears are dominating, as the rate of BTC is far from important levels.
However, if the weekly bar closes near its peak, traders may witness a test of the $70,000 area soon.
Bitcoin is trading at $62,923 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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