Can traders expect Bitcoin (BTC) to test $110,000 zone soon?
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only.
U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the rate of BTC keeps looking bullish as it is near the local resistance of $113,229. If its breakout happens, the upward move is likely to continue to the $114,000 mark.On the longer time frame, the price of the chief crypto has made a false breakout of yesterday's bar's low. If the daily bar closes far from that level, bulls may come back to the game, which may lead to the test of the $114,000-$116,000 zone soon.A less bullish picture can be seen on the weekly chart. If the weekly candle closes around the current prices or below, there is a high chance of seeing a test of the $108,000 range by the end of the month
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Prediction for September 21Can traders witness drop of Bitcoin (BTC) to $114,000 zone next week?
Read more »
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP dips as bearish pressure lingersBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) faced renewed selling pressure on Monday, following corrections of 0.3%, 3.5%, and 2%, respectively, in the previous week. Weakening momentum across these top three cryptocurrencies signals the risk of further downside.
Read more »
Bitcoin (BTC) Week Ahead: Faces Price Slide as DXY Prints Dragonfly Doji, XRP MACD BearishImpending Federal Reserve speeches and the upcoming PCE report could add to market volatility.
Read more »
Bitcoin Price Analysis: More Trouble Ahead for BTC if This Support CracksCrypto Blog
Read more »
Bitcoin Network Hits Record Activity High: What Does it Mean for BTC’s Price?Crypto Blog
Read more »
Bitcoin (BTC) News: 3 Make-or-Break Bitcoin Price Floors as Sell-Off Gathers SteamAnalysts pointed to three key resistance price levels that could shape the cryptocurrency's near-term trend.
Read more »