BTCUSDT: Narrow Range, High Volatility Between 53,000 and 56,700

Od Henny-Lu
Zaktualizowano
BTCUSDT is forecasted to continue fluctuating within the range of 54,000 to 56,700, with a potential pullback toward support before testing resistance levels again.

The EMA 34 and EMA 89 act as dynamic resistances. Currently, BTCUSDT is trading below both EMA 34 and EMA 89, indicating a mild downward trend.

The chart highlights two key resistance levels: Target 1 at 56,065 and Target 2 at 56,690, where price may struggle due to increasing selling pressure.

The critical support level at around 53,000 USD could trigger a bounce if retested, as strong buying demand may emerge.

Additionally, many Bitcoin derivatives contracts are expiring this month, creating significant volatility for BTCUSDT, with prices potentially rising or falling depending on market sentiment.
Zlecenie aktywne
This morning, on September 11th, 2024, Bitcoin (BTCUSDT) is trading around 56,816 - 56,950 USDT, down approximately 1.14% over the past 24 hours. The market is showing slight downward momentum following weeks of high volatility, with a short-term bearish trend driven by economic and market events. Bitcoin's price has decreased by around 0.99% over the past week and 3.23% over the past month.
Bitcoin (Cryptocurrency)BTCBTCUSDTbuyChart PatternsHarmonic PatternslongsetupSELLTechnical AnalysisTrend Analysis

Wyłączenie odpowiedzialności