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Bitcoin Price Analysis: BTC retests $41,000 for the fourth time, ready to reverse next week?

Bitcoin Price Analysis: BTC retests $41,000 for the fourth time, ready to reverse next week?


Cryptopolitan
2021-09-26 12:39:35
Bitcoin Price Analysis: BTC retests $41,000 for the fourth time, ready to reverse next week?

TL;DR Breakdown Bitcoin price analysis is bullish today.BTC/USD saw another spike to $41,000.BTC bulls start to gain momentum again. Bitcoin price analysis is bullish today as the support at $41,000 saw another retest with a rejection for further downside. Therefore, we expect BTC/USD to reverse next week and look to finally set higher highs. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leader, Bitcoin, gained 2.31 percent, while Ethereum is up by 3.69 percent. Meanwhile, the rest of the top altcoins trade with mixed results, with Uniswap (UNI) being the top performer, with a gain of almost 23 percent. Bitcoin price movement in the last 24 hours: Bitcoin bounces from $41,000 again BTC/USD traded in a range of $40,848.46 – $43,657.30, indicating a substantial amount of volatility over the last 24 hours. Meanwhile, the total trading volume has declined by 8.81 percent and totals $32.8 billion, while the total market cap trades around $816 billion, resulting in market dominance of 42.6 percent. BTC/USD 4-hour chart: BTC set to break higher?  On the 4-hour chart, we can see the Bitcoin price action approaching the $44,000 mark, which, if broken, could lead to a lot more upside. BTC/USD 4-hour chart. Source: TradingView Bitcoin price action has traded in a bearish momentum so fat this month. After setting a new swing high at $53,000, a sharp...

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