TradingSig

Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Sep 13 2021

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Technical Analysis and Outlook
Bitcoin has been moving upwards since Sept 14 by breaking out from a Mean Sup $44,530 accumulation channel and accelerated.

At that moment, the Bitcoin price is trading around weak resistance marked at $48,150 and is due to accelerate to our Mean Res $52,600 and Inner Coin Rally $54,550. However, BTC’s recovery at this level will face stiff resistance, indicating that bears will be very active at this higher tier prices.

On the upside, analysts remain bullish , as indicated on the August 9 chart and some other different fast-time charts that underline the bullish potential for Bitcoin . See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.