Bitcoin (BTC) Price Prediction – September 21, 2020
Bitcoin reaches a high of $11,174 but retraced to a $10,812 low. After retesting the $11,000 resistance, BTC/USD plunged to the low of $10,321. Today, the BTC price has corrected upward and it is trading at $10,531 at the time of writing.
Resistance Levels: $10,000, $11, 000, $12,000
Support Levels: $7,000, $6,000, $5,000
Today, Bitcoin has fallen to the $10,000 psychological support level after failing to break the $11,000 overhead resistance. The bulls push BTC to the highs of $11,041 and $11,174 but failed to sustain the uptrend above the $11,000 resistance. The buying pressure dries up at a higher price level. Sellers overwhelming overpowered the bulls above the $11,000 resistance.
The bears have succeeded to push BTC price to the $10,000 support. Sellers may attempt to push BTC price beyond the $9,800 support level. In early … Read more