Month: September 2021

A bearish start of the week indicating that bears are active at higher levels. We may be expecting another leg down in the short term as Bitcoin is still meeting strong sell pressure near the key resistance levels. This move showed weakness, as there wasn’t any sign of whales stepping in for more upside.

Bitcoin is once again, making a renewed push toward the psychological level of $50,000 after rallied to $48,429 on Sept. 15, before pulling back to test the underlying support levels. This signals that, a recovery process has started and a possible retest of $50,000 is on the horizon. We should keep a close eye on the relative strength as that will provide an insight about the next possible move.