BITCOIN 1H FULL ANALYSIS✅

15 сент. 2021 г.

#Bitcoin resumed a good uptrend move after breaking the $ 46,000 resistance.
Now with the return above the $47,000 level, the $47,600 is a hard resistance for its move.
#Bitcoin was in high demand above the $45,000 price level. So, it started an uptrend move above the $46,000 resistance and broke the 100-hour moving average resistance.
The resistance levels of $46,200 and $46,500 followed one after another.
The BTC/USD hourly chart also shows a break above the downtrend line with resistance around $46,000. After that Bitcoin crossed the $47,000 resistance area.
Bitcoin is currently struggling with resistance around $47,500; It is trying to consolidate its current position by conquering the peak of $47,464!
#BTC is still above the 23.6% Fibonacci retracement level from $43,374 to $47,464. The nearest resistance level is considered to be around $ 47,400.
The main resistance level is in the range of $ 47,500, which must be crossed to climb further.
The next resistance will be in the $ 48,000 range; By climbing to the top, It will dream of climbing to $ 50,000. But if Bitcoin fails to cross the $ 47,500 resistance, a bearish correction is likely to begin. In this case, the nearest downstream support level would be around $ 46,500. The first strong resistance is in the range of $ 46,000. And $45,400 range is the key support.
The Fibonacci level of 50% has doubled its strength by being in this range.