CandleFocus Bitcoin (BTC) Price Prediction for September 13
2024-09-13
Author: Content Editor
The majority of cryptocurrencies are showing positive gains, although there are some exceptions, according to CoinMarketCap. Bitcoin's price has increased by 0.11% in the past day and is currently trading at $57,763. On the hourly chart, BTC is approaching a local support level of $57,751, and if the daily bar closes around this level, a potential breakout to the $57,000 area could occur. Traders should also pay attention to the nearest level of $58,518 on a larger time frame, as closing far from this level may limit the chances of a resistance breakout. Bulls are currently trying to resist sellers' pressure in the midterm, but a weekly bar closing near $60,000 may prevent further upward movement. In this case, sideways trading in the range of $56,000-$60,000 is expected.
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