Bitcoin Trend Analytics September 26

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Bulls met strong resistance at $19568.12 at the weekend. Data shows weakness, with shorts taking control.

BTC runs along the center of a short-term downward channel, which forms a triangle with the current key support. In this triangle will it cultivate a breakout. The longer it stays within this area, the stronger a breakout will occur.

Only by breaking up and holding $20083.65 will BTC reach a balance between bulls and bears. Taking hold of $21307.62 could bulls reclaim their dominance.

The support before a second slide now diverts to $18138.17, which is keeping the price up and shielding the key support. If this target point is broken down, the price would slide to a certain extent.

Feragatname

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