Bitcoin price on September 9, 2021

Green near futureBitcoin (BTC)

continues to fluctuate around the $46,000 mark. Traders and analysts remain optimistic for the time being about an upcoming bullish recovery.

The daily Bitcoin (BTC) price is brought to you in collaboration with Coin Trading and its algorithmic trading solution finally available to individuals. And by using the code JDC5, get 5% discount on TDC services

Attacking the $48,000 during loading

Markets are experiencing high volatility today, September 9, 2021. The price of Bitcoin is fluctuating between the $45,500 and $47,400 on Bitfinex. Bitcoin is trading at $46,561 at the time of writing, with a daily mini-gain of 0.41%.

Should we now expect the next rise, a drop to lower levels, or a consolidation around $46,000 after the flash crash that took Bitcoin down to $50,000

? Trader Crypto Ed shared a chart in his tweet today, showing a bullish pennant, which should lead to a bullish impulse for Bitcoin to break resistance around $48,300. Les marchés présentent actuellement une configuration sous forme de fanion haussier, qui devrait déboucher sur une impulsion haussière vers les 48 000 $ et plus.Les marchés présentent actuellement une configuration sous forme de fanion haussier, qui devrait déboucher sur une impulsion haussière vers les 48 000 $ et plus.Crypto Ed’s post – Source: Twitter

Bullish test and buy dips for Bitcoin

Is this bullish scenario realistic or is Crypto Ed just too optimistic in his forecast? Trader Rekt Capital has drawn attention to the fact that Bitcoin is retesting the 50-day exponential moving average for the first time since he managed to turn it into support in late July 2021. This average, which currently sits around $45,100, is critical “to understanding the bullish momentum, as it tends to support established uptrends.”

Bitcoin reteste le support haussier de la moyenne mobile sur 50 jours, une première fois depuis fin juillet 2021.Bitcoin reteste le support haussier de la moyenne mobile sur 50 jours, une première fois depuis fin juillet 2021. Rekt Capital publication – Source: <a href=”https://twitter.com/rektcapital/status/1435714522476687363/photo/1″ target=”_blank” rel=”noopener”>Twitter

Despite the crash, Bitcoin could be about to start another bullish rally if another indicator is to be believed. Decentrader analyst Philip Swift shared a chart in his tweet today showing that the “Spent Output Profit Ratio turned negative (green) yesterday as on-chain

speculators were selling at a loss.” Le SOPR est devenu négatif après le krach. Les investisseurs pourraient acheter les creux, permettant une reprise haussière durable de Bitcoin.Le SOPR est devenu négatif après le krach. Les investisseurs pourraient acheter les creux, permettant une reprise haussière durable de Bitcoin. Publication by Philip Swift – Source: Twitter

See also  DEX Thorchain platform suffers two attacks of more than USD $13 million in one week

The Spent output profit ratio

(SOPR) last turned negative on July 20, 2021, before Bitcoin rallied to re-attack the $50,000 mark. This negative SOPR means that the markets are now oversold, and investors can take advantage of this to buy Bitcoin at lower prices.

Traders and analysts are already working out bullish scenarios just under 48 hours after the latest crash. The latter would not stop the conquest of new ATH. Bitcoin would therefore still have every chance of reaching 6 figures by the end of 2021, other crypto personalities even see beyond $100,000 already.

Is it possible to be a winner every time?s it possible to be successful every time? Whether Bitcoin’s price is in great shape, or going through turbulence, Trading Du Coin offers you the opportunity to increase your chances of success. Indeed, Trading Du Coin gives individuals access to a 100% automated algorithmic trading tool. Real trend mechanism, this tool was designed to adapt to market reversals and position on the most dynamic crypto assets of the moment. Currently, take advantage of a 5% discount on TDC offers by entering the code JDC5 when subscribing