Bitcoin 7 day forecast Sept 14th
1. Bullish Trend Continuation: With Bitcoin currently trading near the upper Bollinger Band and above key moving averages, there is potential for continued upward momentum. Watch for price action above $60,500 as confirmation.
2. Support Levels: The nearest support appears around $58,000, based on the recent consolidation phase, with moving averages acting as additional support.
3. Resistance Zones: The price might face resistance near $61,000–$62,000, as it approaches psychological levels.
4. Volatility: As indicated by the widening Bollinger Bands, expect increased volatility in the coming days.
If Bitcoin breaks below its key support levels or the moving averages cross negatively, it could signal a short-term correction.
Keep an eye on volume and any larger market news, which can impact this trend further.
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