Bitcoin Floats Flat
Bitcoin Floats Flat – BTC / USD trading at 10225 favorably flat when analyzing and flowing at a pace of -0.75%. For a couple of days, the cryptocurrency industry has acquired bulls and has been affected by bears from the previous 2 days. The market is currently affected by the bears and demonstrates the market’s dip. Bitcoin showcased a flat trend with light bears and bulls throughout the day on the 18th of September. After that it gave way to the bears and since yesterday pitched back to the bulls. BTC currently embodies the flats with a hint of bull. The aim of the coin is to test the resistance area.
BTC/USD Price Analysis And Forecast For September 20th, 2019: Flat Trend Pitching Bull. The pair slightly inclines at a rate of -0.71%. The Exponential Moving Averages at 10220.9 (EMA) depict a flat zone with slight bulls. A positive blue and orange MACD of 49.3 and 43.7 confirms a slight bullish flat trend. The RSI at 58.52 shows the trend lines forming a straight line with significant influence by the sellers. The price for today may range from $10225 to $10400.
From the graph above, 50 percent of the lines have the opportunity to change direction and switch to the bears. The alternative to this shift may be achieving the level of resistance owing to supply.