Bitcoin: analysis for September 20
The market is in the uptrend on the Daily timeframe. The market reached the support level on September 19 and the bullish candle was formed. That formed the pullback buying opportunity.
The first target in the upward movement is the resistance level formed on September 11 – 13 with the borders of $22,355 – $22,780.
In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $24,500 – $25,210.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe. The borders of this support are $18,395 – $18,777.
The first target in the upward movement is the resistance level formed on September 11 – 13 with the borders of $22,355 – $22,780.
In case of successful development of the trend, a more distant target will be on the highs of August 12 – 15, where the next resistance is located with the borders of $24,500 – $25,210.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe. The borders of this support are $18,395 – $18,777.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.