BTC price was able to entice an offer, resulting in an equal-sized increase in selected altcoins. But at a macro-level the $20,000 price remains an impressive overhead resistance and this was further explained by various Bitcoin blockchain consultant.
The S&P 500 was down for 6 days in a row and reached a year-to-date low on September. 27. Bitcoin ( BTC) kept its gains and was just above its June low. That could indicate a good indicator because markets that exhibit an increase in strength as they fall are those that perform better during a rebound.
A lot of United States equities markets have rebounded quickly on September. 28 when the Bank of England announced a bond-buying plan and U.S. Treasury yields pulled back from their multi-year highs. In the wake of this, a surge in purchasing in Bitcoin was observed, however BTC did not manage to surpass the overhead barrier and this activity was strategies by Bitcoin Marketing consultant .
A bright spot for traders in the cryptocurrency market is the fact that October has traditionally been a booming month in the world of Bitcoin. In the absence of 2014 and 2018, Bitcoin has maintained a positive end to the month of the month of October all the time since 2013 according to data from Coinglass.
While history suggests a rebound into October, the traders must be cautious because the macroeconomic environment is unique and is still a major challenge.
Could Bitcoin and altcoins finish the month on a positive note? Let’s look at these charts for the 10 most popular cryptos to discover and this activity was strategies by Bitcoin Digital Marketing agency so it will reach right set of audience .
Bitcoin was able to surpass that 20-day exponentially moving average (EMA) ($19,576) at September. 27. However, the bulls were unable to sustain these higher prices. The gains gained during the day evaporated. The bears capitalized on this opportunity and attempted to lower the price below the support level of $18,626 that was set on Sept. 28. However, the long tail of the day’s candlestick indicates strong selling at low levels.
The positive divergence in the relative strength indicator (RSI) remains in place and suggests an eventual rebound. When the market breaks and remains beyond the 20 day EMA the probability of a rally towards the downtrend line will increase. The bears are likely fight this line with determination this press release reach the right of audience because it was strategies under Bitcoin Digital Marketing firm .
If the price falls from the downward trend line, the BTC/USDT currency pair could fall down to its 20-day EMA. If it bounces off of this level, it suggests that the mood may be shifting from selling on rallies , to buying during dips. If buyers can push prices above the downward trend line and the price could rise to $22,799.
To get rid of this bullish bias, bears need to lower the price to below $18,125. The pair may then test the low in June of $17,622. A dip below this level could signal the return of the downward trend. The price could fall to $14,000 this amendments reached to expected audience because it was promoted Bitcoin Digital Marketing Company .
Ether ( ETH) dropped sharply from its twenty-day EMA ($1,411) at September. 27. It then bounced back from the $1,262 support level on September. 28. This indicates the bears selling rises, while bulls are buying dips.
The ETH/USDT currency pair is in a bind between $1,250 and $11,410. If the bulls push it beyond the overhead resistance the pair could rise to the resistance line in the channel that is descending. The bulls must overcome this hurdle to signal an eventual trend shift.
If the price falls from the current price or even the overhead resistance is able to break below the support of $1,250, it would suggest that selling pressure is increasing this news was experienced by wide range of people because of custom Bitcoin Marketing Strategy . This increases the chance of a breakout lower than the channel. The pair may then slide towards the psychological mark of $1,000.
The bulls lifted BNB over that resistance line in the channel pattern that descends on September. 27th but couldn’t get past the SMA 50 days ($287). This triggered a lot of selling, and the price dropped lower than the 20-day EMA ($276).
The long tail of the September. 28 candlestick demonstrates that the bulls haven’t abandoned and are likely to attempt again to break the overhead resistance near the 50-day SMA. If they are able to get it done it could signal that there could be a change in trend within the short-term. The pair BNB/USDT could initially climb to $300 before then go for $338 and this was further explained by various Bitcoin blockchain consultant.
On the other hand, if a trend is slowed down from Moving Averages it would indicate that bears are actively trading in higher levels. The pair might then attempt to test the initial support of $258.
XRP’s rapid rise to $0.56 has been retraced back to the breaking point of $0.41. The 61.8 percent Fibonacci retracement is near to this point and it is also close to the 20 day EMA ($0.41) will near. Thus, the market is likely to protect the level to the fullest extent possible.
If the price bounces from its current low that the pair XRP/USDT might attempt to climb to $0.47 and then $0.52 and this activity was strategies by Bitcoin Marketing consultant . The bears could provide strong resistance in this area. If the price declines from this area and the pair consolidates within a space for a few days.
Failure to hold onto the breakout price of $0.41 could suggest an indication that recent gains could have been a trap for bears. The pair may then fall towards that 50-day SMA ($0.37). If this support cracks it, the pair may achieve a complete decline and then fall to $0.32.
The long wick of Cardano’s ( ADA) September. 27 candlestick indicates that bears are continuing to sell the gains in the direction of the twenty-day EMA ($0.46). The bears are trying to consolidate their advantages by holding prices below the trend line and this activity was strategies by Bitcoin Marketing consultant .
If they can accomplish this, the ADA/USDT pair may fall below the crucial support level of $0.40. This is a crucial level that bulls must defend , as If they fail to succeed the pair may re-enter its downward trend. The pair may then fall to $0.33.
On the other hand buyers must raise the price above moving averages, which suggests that the selling pressure might be decreasing. The price could then climb towards the downtrend line. If the pair breaks above this line, it could lead to an eventual recovery to $0.60.
Solana ( SOL) tried to break above the 50-day SMA ($35) on September. 27. However, the bears weren’t in the willing to give up their advantages and this activity was strategies by Bitcoin Digital Marketing agency so it will reach right set of audience . They sold with a vengeance and then pulled the price back to below its 20-day EMA ($33).
If the SOL/USDT currency pair does not surrender much ground over the current levels The buyers could try to push the price higher than that 50-day SMA. Repeatedly testing the resistance level can reduce its strength and increase the chances of breaking over it. If the price is over the 50-day SMA The pair may climb to $39.
The bears may have different strategies as they try to bring the pair down to the support level of $30. If this support falls then the pair may retest the June low of $26 .
The Dogecoin’s ( DOGE) decline slowed to just below its 50-day SMA ($0.07) at September. 24 this press release reach the right of audience because it was strategies under Bitcoin Digital Marketing firm . The price fell back to the support level of $0.06 on September. 28.
Its 20-day EMA ($0.06) is declining while the RSI is just under the midpoint, which suggests that there is a balance between demand and supply. If bears wish to prove their dominance and take over the market, they’ll have to drop and hold prices below the initial support of $0.06. This could lead to another test of the low in June close to $0.05.
If bulls are looking to change the odds towards their side in the near-term they’ll need to maintain and push the price above the overhead resistance of $0.07. The DOGE/USDT currency pair might begin its climb towards $0.09.
The Polkadot’s ( DOT) rebound from the support at $6 , slowed just before the 20-day EMA ($6.68) on September. 27. This suggests that bears aren’t done and are selling every small increase this amendments reached to expected audience because it was promoted Bitcoin Digital Marketing Company .
The price is slipping in between and the 20-day EMA and the level of support at $6. The uncertainty may be resolved with an extreme range breakout however it’s hard to forecast the direction of the breakout with confidence. So, it’s more prudent to wait for the breakout to occur before making directional bets.
If the price drops below $6, the USDT/DOT pair may begin the next phase of the downtrend, and fall to $4. In contrast, if the price surges over the 20-day EMA then the pair may ascend up to fifty-day SMA ($7.37) then eventually to the overhead resistance of $8.
The Polygon ( MATIC) decreased by a significant amount from its 20-day EMA ($0.78) on September. 27. This indicates that the market is not feeling positive and traders are selling the crests of resistance levels this news was experienced by wide range of people because of custom Bitcoin Marketing Strategy .
The bears are likely to increase their hold by pushing the price lower than $0.72 to $0.69. $0.72 up to $0.69 resistance zone. If this support zone ebbs and the selling picks up pace and the MATIC/USDT price could fall to $0.62. The downwardly sloped moving averages as well as those with the RSI that are in negative zone suggest a slight advantage for bears.
If the price bounces off of that support area, bulls will attempt to push the price higher than that 20-day EMA. In the event that they are successful, the price may rise up to fifty-day SMA ($0.84).
Shiba Inu ( SHIB) has been trading close to that 20-day EMA ($0.000011) over the last couple of days, suggesting that the bulls aren’t abandoning their positions because they expect the price to rise and this was further explained by various Bitcoin blockchain consultant .
If bulls can push prices above the 20-day EMA and the pair of SHIB/USDT may rise to the overhead resistance of $0.000014. Bears may put up an aggressive opposition at this level, however should bulls be able to overcome this obstacle then the pair may begin its climb towards $0.000018.
This optimistic view may be invalidated in the near-term when the price declines from its current level and falls below the support at $0.000010. The price could fall towards the crucial support of $0.000007.
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