Will Bitcoin break out or crash? Find key trading signals and the next move. Read till the end to catch hidden Bitcoin targets most traders miss.
Bitcoin trades at $112153 today. $BTC is above the significant support level of $108000. Discover the next targets.
What are the support and resistance levels for $BTC?
Current Bitcoin Price: $112153
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $108000 | EMA100 Support |
| Support 2 | $105000 | Lower BB Support |
| Resistance 1 | $115000 | EMA50 Resistance |
| Resistance 2 | $118000 | Upper BB Resistance |
What are the Bitcoin moving averages indicating?
EMA50 is at $115000. EMA100 is at $108000. Bitcoin trades at $112153. Price is below EMA50. This shows a bearish short-term trend. Price is above EMA100. This suggests mid-term support holds.
How do Fibonacci levels affect Bitcoin price?
Fibonacci 61.8% level sits at $98900. Fibonacci 138.2% extension targets $138805. Price could find support near $98900. $138805 is a strong upside target.
What does $BTC momentum show?
Stochastic RSI K reads 25. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum. Stochastic RSI is in neutral zone. It approaches oversold conditions. This suggests weakness. Selling pressure may persist.
What should a buyer or seller do?
Buyers can enter near $108000 or $105000. Place stops below $105000. Sellers can exit near $115000 or $118000. Take profits at $138805. Manage your risk carefully.
Conclusion
Bitcoin shows weakness below $115000 resistance. Eyes on $108000 for breakdown risk. Momentum shows neutral-to-bearish signals. Another sell-off may follow. Stay cautious, and protect capital.
FAQ
What price targets should I consider for Bitcoin $BTC?
Support at $108000. Resistance near $115000. Extension target $138805.
Should I sell Bitcoin to take profits or wait?
Stochastic RSI is 25. Resistance sits at $115000. Place stop-loss below $105000.
How do I set stop-loss levels for Bitcoin?
Place stops below $105000 support. Consider using swing lows as reference points.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Bitcoin Technical Analysis — September 29 appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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