On Monday morning, Bitcoin fell below US$45,000 and current price is at US$44,500 with an intraday decline of 1.2%. BTC miners dug out the 700,000th block on September 11, and the Bitcoin transaction volume for more than one month is at a record high. Since February, long-term holders have accumulated nearly 1.86 million BTC. Report: 92% of Brazilians believe that Bitcoin is the most famous crypto asset in Brazil.
From a technical perspective, Bitcoin's daily graph continued to fluctuate weakly below the 50,000, and market confidence was insufficient. Once it drops below the previous low, it is very likely to accelerate the downward trend. The H4 graph shows that Bitcoin formed a small interval with the downward trend. BOLL is closing and there is a risk of market change. The indicators show bearish signal. Overall, prioritise Sell within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 44100.
Resistance：45500-46400-47400
Support：44100-42800-40000
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