Bitcoin Price Analysis: Weeks of Consolidation Are Coming to a Head

Bitcoin Price Analysis: Weeks of Consolidation Are Coming to a Head 1

[embedded content]

Summary:

  1. The bitcoin market has been consolidating for several weeks and the volume and price volatilities are coming to a head. The price is beginning to narrow between heavy resistance and macro support and soon either the bulls or the bears will give way.
  2. As we draw near the monthly candle close, we can see that there is a heavy level of resistance we are failing to break at the $10,300s. The bulls want to see a strong push above, reclaiming that level as support. However, the lower time frames are finding this level as resistance and the demand seems to be absent.
  3. If we fail to maintain demand to push above the $10,300 level, bitcoin will likely see a retest of the $10,000s and, if that doesn’t hold, we will surely see a visit to the $9,500 range.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc. They should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

Bitcoin Price Analysis: Weeks of Consolidation Are Coming to a Head 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,204.00
ethereum
Ethereum (ETH) $ 2,863.23
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 0.999612
binance-coin
Binance Coin (BNB) $ 341.07
xrp
XRP (XRP) $ 0.9234
solana
Solana (SOL) $ 130.60
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.86
dogecoin
Dogecoin (DOGE) $ 0.205415
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,204.00
ethereumEthereum (ETH)
$ 2,863.23
tetherTether (USDT)
$ 0.999612
bitcoin-cashBitcoin Cash (BCH)
$ 508.96
litecoinLitecoin (LTC)
$ 148.32
bitcoinBitcoin (BTC)
35.956,54
ethereumEthereum (ETH)
2.439,39
tetherTether (USDT)
0,851639
bitcoin-cashBitcoin Cash (BCH)
433,62
litecoinLitecoin (LTC)
126,36
bitcoinBitcoin (BTC)
30,795.63
ethereumEthereum (ETH)
2,089.26
tetherTether (USDT)
0.729402
bitcoin-cashBitcoin Cash (BCH)
371.38
litecoinLitecoin (LTC)
108.23

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,238 0.03 % 1.77 % 12.49 %
Ethereum2,863.3 0.71 % 2.77 % 16.46 %
Cardano2.240 0.68 % 5.90 % 5.43 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin341.27 0.22 % 5.43 % 17.06 %
XRP0.9235 0.01 % 3.26 % 14.16 %
Solana130.66 0.03 % 7.56 % 23.19 %
USD Coin1.000 0.05 % 0.23 % 0.16 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2057 0.01 % 3.38 % 14.98 %

bitcoin
Bitcoin (BTC) $ 42,204.00
ethereum
Ethereum (ETH) $ 2,863.23
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 0.999612
binance-coin
Binance Coin (BNB) $ 341.07
xrp
XRP (XRP) $ 0.9234
solana
Solana (SOL) $ 130.60
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 28.86
dogecoin
Dogecoin (DOGE) $ 0.205415