![](\"https:\/\/lh4.googleusercontent.com\/cXE1TO6WvwT_v-FMe3EgsoQpj6ey2kwoD56sg6yhJNsoBpa4hFWUHP5wRjG48Gv8eWrI4_aiS59tw0Re2583j9SbFngY2AvPgjdrHokOb8AWVA9ydXJx8lUiDWPwGOAOWk5tdqKIgbtv\")
<\/p>\n\n\n\nBitcoin is poised to conclude the week with gains, signalling a potential resolution of the ongoing uncertainty between buyers and sellers in favour of the bulls. On September 14th, Bitcoin managed to climb above the 20-day exponential moving average, currently situated at $26,303, which suggests a diminishing selling pressure. Since then, the bulls have successfully defended against multiple attempts by bears to drive the price below the 20-day EMA. While this recovery is still in its early stages, the upcoming Federal Open Market Committee meeting on September 20th could introduce additional volatility.<\/p>\n\n\n\n
At the time of writing, BTC was trading at $26,666.<\/p>\n\n\n\n
Chart Source: Trading View<\/em> Stay up to date with the latest crypto news on ZebPay blogs. Click on the button below and join the millions of traders already using ZebPay.<\/p>\n\n\n\n
BTC last week, again tested the critical support of $25,000 (Horizontal Trendline & 50% Fibonacci Retracement Level) as it made a low of $24,901. However, it failed to give a daily closing below the support and after that, the asset witnessed some recovery as it rallied up to $26,888 by forming four consecutive green candles. BTC has strong resistance at $28,500 and $32,500 and to catch a rally it needs to break, close and sustain above $32,500 whereas a break below the support of $25k will lead to further downfall.
Key Levels:<\/strong><\/p>\n\n\n\nSupport 2<\/strong><\/td> Support 1<\/strong><\/td> Asset<\/strong><\/td> Resistance 1<\/strong><\/td> Resistance 2.<\/strong><\/td><\/tr> $22,000<\/td> $25,000<\/td> BTC<\/strong><\/td> $28,500<\/td> $32,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n