Bitcoin September 12, 2022 – One resistance at a time

The ultimate bear wall – The price of Bitcoin (BTC) rebuked them for $22,000, as the bulls still face a major hurdle, before they can get to the midway point of the $20,000-$30,000 range.

This Bitcoin price analysis is brought to you in collaboration with the Coin Trading and its algorithmic trading solution finally accessible to individuals.

A red chandelier to absorb the Bitcoin price

Bitcoin price rises to $22,473 on Bitfinex today, September 12, 2022. Cryptocurrency traded at $22,414 at the time of writing this article. They are currently seeing a daily gain of 3.57%.

Bitcoin is expected to close the day in the green for the sixth straight time today. It broke through the resistance zone around $21,500 last weekend.

The cryptocurrency, however, is not yet able to absorb the big red luster of last August 19, which had the price of the cryptocurrency from $23,000 and above, to levels just under $21,000 in the space of 24 hours. Bitcoin price must round trip from $23,200to erase this significant loss, recorded during this day.

The analysis of trader Michaël van de Poppe, who would like “preferably he will keep his top of $21.6-21.8K for the moment”, incidentally criticizes these key levels for Bitcoin price. Michaël van de Poppe estimates that the next resistance could be around $23,300.

Publication by Michaël van de Poppe – Source: Twitter

Bitcoin price: the last resistance before the reconquest of $25,000

Data from Whalemap provides more detail as to the resistance the bulls now face. Based on the levels where the high concentrations of whales are, Whalemap pointed the $22,780-$23,400 area as the new key resistance area to watch.

Bitcoin September 12, 2022 – One resistance at a time
Publication Whalemap – Source: Twitter

Whalemap points out that this resistance zone is “serious”, but it is nevertheless the last “ In the range of $19,000 – $25,000. Should we then expect a relatively easy rise in the price of Bitcoin to $25,000, if the bulls become able to overcome this final obstacle?

The crypto winter is certainly still far from over. Nevertheless, patterns are beginning to emerge as to a possible takeover – which will not be easy – from $30,000 or more. In the very short term, the markets will have to pay attention to potential rejections at the levels near $23,000.

Is it possible to be gwinner every time? Whether the price of Bitcoin is in great shape, or through turbulence, Coin Trading offers you to increase your chances of success. Indeed, Trading Du Coin allows individuals to access an algorithmic and 100% automated trading tool. A real trend mechanism, this tool has been designed to adapt to market reversals and position itself on active cryptos with the dynamics of the moment.

Source link


Related Articles

Leave a Reply

Your email address will not be published.

Back to top button