Bitcoin Price Prediction – September 30
It is currently on the note that the BTC/USD price averages the immediate resistance level of $45,000. The crypto-fiat currency pair experiences an increased rate of about 5.20 percent to trade around the value line of $43,503 as of writing. It shows that there is an intrigue to push the market line higher more.
Resistance levels: $45,000, $47,500, $50,000
Support levels: $40,000, $37,500, $35,000
BTC/USD – Daily Chart
The BTC/USD daily chart reveals that the crypto-economic price averages the resistance line of $45,000, serving as the main barrier line to achieving a sustainable trading situation to the upside. The 14-day SMA trend line is above the 50-day SMA trend line, slightly bending southward at a close range. The support baseline drew at the level of $40,000. The Stochastic Oscillators have had a situation; whereby the blue line crosses briefly northbound to touch the red line beneath the range 40. That gives a promissory sign of getting some amount of ups in the near time.
Should traders expect more sustainable ups as the BTC/USD price averages $45,000 level?
Long-position takers of the BTC/USD market operations may keep hopes alive as there has been an indication that price averages a significant resistance level of $45,000. However, a pit stop may also play out while the market lacks the timely breaking out momentum at the point. Such a trading scenario could potentially result in a continued range-bound pattern that it keeps over time.
On the downside of technical analysis, the $45,000 trading line remains the immediate area of resistance against the upward motion of the BTC/USD market. Therefore, short-position takers needed to be on the lookout for active price rejection around that zone before placing a sell order with levity. The reason for that is that that point has been long-awaited to breach northward to reset the crypto business operations to the moon path designed for on the blockchain technology.
BTC/USD 4-hour Chart
The BTC/USD medium-term chart exhibits that the crypto-fiat market’s price averages the trend line of the bigger SMA, positioning around the level of $45,000. The 14-day SMA indicator is underneath the 50-day SMA. The Stochastic Oscillators have moved northbound, briefly touching the range of 80. That signifies that some degrees of uprisings are relatively ongoing. A forceful breakout of that point mentioned earlier is needed to fine-tune settings to achieve better ups in this market.
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