Crypto Academy

Sep : ETH price also struggling along with BTC. But eth have good daily support at $3350. Day closing will be important for ETH. Daily candle closing below $3350 will give confidence to bears and they may push price $2900. Above $3350 give relief to traders.

Sep 10: #Bitcoin price strugle on Friday and drop below MA 200 ($46000). Bitcoin next Support on MA 50 ($44966). MA 50 should be strong support for continue bull trend. On Trend Lines, Bulls must eye on $43000 for  next long position. If Bitcoin able to hold this price than we will see Bullish golden crossover on chart too. On chain analyses showing that bitcoin Exchange reserved are near record low which may reduce sell pressure.

Sep7:Bitcoin give big correction of near $10000 after 48 days of rally from $28000 to $52800. Yesterday BTC gave bullish breakout of $51k but it turn into fake out. As BTC break 50k support today, we saw panic sell on btc. Its most probably due to future Market.   On daily chart BTC have support on $46000 and $44000 and so today candle will be important for btc. If BTC finish above $46000 than market will positive. At the time of writing BTC trading at $47000 after hitting $42843. This can be relief bounce. Market still in panic. We saw in Jan2021 -April 2021 that BTC took time after big quick dump and retest support  again. So a little chance that BTC spend somedays here and retest 42k-43k area. We are in Bull trend till BTC run above MA 50 Day.