Market Analysis of Bitcoin on Friday 24 September 2021

2021-09-24 14:00Source:BtcDana

On Thursday Bitcoin went up and closed at 45000, an increase of 2.9%, and the current price is at $44,300. The U.S. House of Representatives passed a defense budget bill that includes cryptocurrency provisions and is awaiting approval by the Senate. Central Bank of Ukraine: Supports cryptocurrency but will not let it replace the legal currency. Bloomberg: While US stocks are falling, Bitcoin will be one of the biggest long-term beneficiaries. ANZ Bank: Temporarily will not provide banking services to cryptocurrency exchanges.


Technically, the daily graph continued to close bullish, entering the area where MA overlap and will rebound. Indicators tend to be bearish. On H4 graph, crude oil reached the lowest point then slowly rose again. The short-term MA formed the Golden Cross. The RSI was around 50. The indicator was relatively neutral. Overall prioritize operation 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 45000.

https://asset.onetrader.online/upload/file/1632412800000/1632466830636.jpeg

Resistance:45000-45900-46800

Support:43500-42800-41500


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