The post BTC Price Analysis: Will Bitcoin Price Boost To $28K This Week? appeared first on Coinpedia Fintech News
Following the sharp downfall in August, Bitcoin price is back at the $25K level, leading to a couple of range breakouts. Moreover, last month was extremely silent as the trading volumes fell to the lowest in the last four years.
With a death cross impending in the daily chart, BTC price action displays a relief rally attempt by bulls. However, the multiple bearish milestones in the 4-hour chart will be pivotal for Bitcoin.
Is Bitcoin Bullish in 4-Hour?
Despite a range breakout with the high sentiments of Bitcoin ETF, BTC price failed to surpass the resistance trendline. This is partly due to the SEC delaying the ETF dates, leading to a hopium shortage.
At present, Bitcoin price displays a similar breakout rally with a new bullish attempt to challenge the resistance trendline. Powered by the RSI divergence, the ongoing bounce back starts to display higher price rejec
We współpracy z: https://coinpedia.org/price-analysis/btc-price-analysis-will-bitcoin-price-boost-to-28k-this-week/
