{"id":29202,"date":"2024-09-23T13:26:55","date_gmt":"2024-09-23T13:26:55","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=29202"},"modified":"2024-09-23T13:26:56","modified_gmt":"2024-09-23T13:26:56","slug":"bitcoin-technical-analysis-report-23rd-september-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-23rd-september-2024","title":{"rendered":"Bitcoin Technical Analysis Report | 23rd September 2024"},"content":{"rendered":"\n

On September 22, Bitcoin briefly dipped below $63,000, signalling potential profit-taking by short-term traders. Analysts suggest that Bitcoin may undergo a brief consolidation phase before making another attempt to breach the critical resistance at $65,000. Despite this dip, Bitcoin has maintained support around $62,000 as the weekly close approaches, benefiting from a strong rebound off the September support level, which sits $10,000 lower. This recovery has sparked renewed buying interest in select altcoins, several of which have successfully broken through their respective overhead resistance levels.<\/p>\n\n\n\n

At the time of writing, BTC was trading at $64,446. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BTC, after taking good support at the crucial level of $52,500, surged almost by 22% up to $64,130. The asset continues to trade in a \u2018Descending channel\u2019 pattern, where the upper downsloping line is acting as the resistance and the lower downsloping line is the support. The lower longer shadows around $52,000 indicate buying around these levels. Once BTC gives a breakout above the Descending channel pattern, then we may expect the prices to rally and cross the previous all time high of $73,777.

Key Levels:<\/strong><\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$56,000<\/td>$62,000<\/td>BTC<\/strong><\/td><\/td>$66,500<\/td>$73,777<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

On September 22, Bitcoin briefly dipped below $63,000, signalling potential profit-taking by short-term traders. Analysts suggest that Bitcoin may undergo a brief consolidation phase before making another attempt to breach the critical resistance at $65,000. Despite this dip, Bitcoin has maintained support around $62,000 as the weekly close approaches, benefiting from a strong rebound off […]<\/p>\n","protected":false},"author":1,"featured_media":29203,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29202"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=29202"}],"version-history":[{"count":2,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29202\/revisions"}],"predecessor-version":[{"id":29209,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29202\/revisions\/29209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/29203"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=29202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=29202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=29202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}