BTC price ranges below 50 and 200 EMA on the daily timeframe. Price continues to range in an asymmetric triangle during the four-hourly timeframe. BTC price closes the week bearish for two weeks as the price gets stuck between bulls and bears. The price of Bitcoin (BTC) has seen more of a drawback than a rosy state this month as prices continue to decline against tether (USDT). September wasn’t a good month for the price of Bitcoin (BTC) as the market continued to stall in its movement to the upside. The statistics from the coupled Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) have affected the market negatively with hopes of a greener October. (Data from Binance) Related Reading: TA: Ethereum Price Needs To Clear $1,400 For Hopes of a Fresh Rally Bitcoin (BTC) Price Analysis On The Weekly Chart The price of BTC continues to stall in its price moving to an upside in the high timeframe as the past few weeks continue to show how difficult it has been trading in the financial market with no real chart pattern for a bullish structure. After falling from a high of $25,000 with the price of BTC rejected on the weekly timeframe, the price has continued to go on a spiral downtrend movement with so much agitation not to break the weekly low of $18,100. The price of BTC continues to hold a key support area of $18,000, which holds the key to either recovery or a breakdown in price in lower regions. A break in ...
