• Possible resistance at $ 11062.1
• Possible support at $ 10834.4
• This week’s highest: $ 12,067.08
• This weeks lowest: $ 10,839.66
• Last 1 months highest: $ 12,359.06
• Last 1 months lowest: $ 10,839.66
There is some resistance around $ 11062.1, next resistance sits at $ 11165.2 and strong support level at $ 10834.4 and thereafter at $ 10709.6.
There is no major resistance before $ 11062.1 and if it crosses resistance, $ 11165.2 will be the next strong resistance. BTC is also showing strong support at $ 10834.4 levels and thereafter at $ 10709.6.
If the resistance of $ 11062.1 is crossed, price is likely to move towards next strong resistance levels at $ 11165.2. However, if Bitcoin fails to cross this resistance level, the price might move down towards next support levels at $ 10834.4. If support of $ 10834.4 is crossed, Bitcoin price may move down further to $ 10709.6 levels.
Newsherder’s BTC/USD Daily Price & Forecast of September 18, 2020 reveals that downward movement from current levels is expected for Bitcoin’s current price with Bitcoin showing neutral to bearish signals. BTC price is expected to move up towards the next support level of $ 10834.4 and thereafter towards $ 10709.6 .