Bitcoin Price Analysis Sep 21 – Sep 27

Bitcoin Last Week

After a good week, Bitcoin approached 11K, bringing positive signals to investors.

In the week ending 20th September, Bitcoin’s price rose 5.84%, stopping at $10,935, compared with the previous week’s modest gain of 0.54%.

It was an extremely optimistic start to the week. Bitcoin has risen from a Monday intraweek low of $10,259 to a Saturday high of $11,185.

Avoid of the first major support at $9,935, Bitcoin broke out, going through the first major resistance at $10,675 and the second major resistance at $11,019. As predicted by many market experts that Bitcoin will soon surpass 11K.

After this milestone, expecting Bitcoin to go even further, but the market leveled off, it seems that investors are probing around 11K. The proof is that the end of the week Bitcoin has fallen again, but not much, but also caused its price to leave the 11K mark.

4 days in the green, including a 3.47% gain on Monday brought bullishness. However, the 1.47% slide on Sunday limited the week’s gain.

Bitcoin The Week Ahead

To run the first major resistance at $11,327, Bitcoin needs to stay away from the $10,793 pivot.

To do this requires a positive market move, a stronger impact on Bitcoin holdings for it to rise to $11,185.

If the market is not volatile, the first major resistance will be at $11,500, a break of this milestone will also help Btcoin recover strongly.

In the event of a breakout, Bitcoin could test a second major resistance at $11,719 and resistance at $12,000 before any pullback.

An inevitable decline across the $11,793 axis will take the first major support at $10,401.

Without a prolonged sell-off, Bitcoin should avoid levels below $10,000. The second major support level is $ 9,867.

At the time of writing, Bitcoin is up 0.28% to $10,964.6.