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Thread: Bitcoin (BTC) Daily Price Forecast – September 17

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    Bitcoin (BTC) Daily Price Forecast – September 17

    BTC/USD Medium-term Trend: Ranging


    Resistance Levels: $6,400, $6,600, $6,800
    Support levels: $6,100, $5,900, $5,700

    Last week the price of Bitcoin has been in a sideways trend. The BTC price fluctuates between the levels of $6,400 and $6,200.The BTC price reached the high of $6,520.51 and was repelled because of the selling pressure at the $6,400 price level. The price ranges more at the upper-level of price . Last week it was assumed that the bulls can overcome the upper level of price by introducing more buyers to push the price above the $6,400 price level.

    Today, the price will continue its range at the support zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend zone.


    BTC/USD Short-term Trend: Ranging

    On the 1-hour chart, the BTC price is in a sideways trend. The MACD signals are all bullish. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com


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    Bitcoin has seen phenomenal growth in popularity and value over the last decade. Despite this, Bitcoin is still considered to be in its early stages according to the vision set out by its creator’s.


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