The price movement of BTC in the next three days shows significant uncertainty. Based on technical indicators and market sentiment, there is a possibility of both continued fall and a rebound.


From the analysis of technical indicators: As of September 24, the price of Bitcoin hovers around $112,157, with the relative strength index (RSI) on the daily chart at 42, below the neutral level of 50, indicating strong bearish momentum. The moving average convergence divergence (MACD) indicator showed a bearish crossover on September 23, issuing a sell signal. If BTC continues its ongoing correction, it may extend the fall and retest the next daily support level of $107,245. However, if BTC recovers and closes above the 50-day EMA ($113,794), it may extend the rebound towards the daily resistance level of $116,000.
From the market sentiment perspective: Coinglass data shows that most traders are still optimistic about BTC/USD, with the long-short ratio of all accounts and positions hovering above 1, indicating that more participants are buying the dip. At the same time, net capital inflow into major spot and perpetual Bitcoin exchanges is increasing, suggesting that new capital inflow may accelerate the recovery.
Overall, if the BTC price cannot effectively recover above the 50-day EMA in the next three days, it may fluctuate between $107,245 and $113,794. If it can close above the 50-day EMA, it is expected to attempt to reach the resistance level of $116,000. However, the cryptocurrency market is highly volatile and influenced by various unforeseen factors, so the above predictions are for reference only.
BTC1,55%
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