BTC price is rising ahead as it targets the $24k high.

Bitcoin In Minor Retracement As It Hits $24K Top Target – September 12, 2022

Bitcoin (BTC) price will break when it reaches the resistance level of $24,000. But the major cryptocurrency is on a minor retracement as it trades above the $22,000 support. If buyers defend the support at $22,000, the rally may continue.

Bitcoin Price Statistics Information:
• Bitcoin price now – $22,212.11
• Bitcoin market value – 425,344,734,886 dollars
• Bitcoin Transfer Offer – 19,149,231.00 BTC
• Total supply of Bitcoin – $466,454,210,751
• Bitcoin Coinmarketcap Rank – #1

Levels of resistance: $50,000, $55,000, $60,000
Support Levels: 25,000, 20,000, $15,000

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Bitcoin (BTC) price rebounded as it broke the resistance at $20,540 and broke above the moving average lines. As prices fall above the moving average lines, upward movements can be accelerated. Today, buyers also breached the $22,000 resistance level. When the market reaches the overbought region, the upward movement is doubtful. BTC price is currently trading above the $22,000 support. However, Bitcoin will continue higher and revisit the next resistance levels at $24,000 and $25,200. After the resistance at $24,000 and $25,205 is breached, the largest cryptocurrency will continue higher. This will push Bitcoin to $31,775 or $32,503.

Bitcoin is a ‘wild card’ ready to take off – Bloomberg analyst Mike Magglone.

Bloomberg Product Strategist Mike McGlone has dubbed Bitcoin a ‘wildcat’ as it bounces back strongly from a bear market. According to him, the United States Federal Reserve may determine the direction of the stock market, but Bitcoin remains a “wild card” that can buck the trend: “Bitcoin is a wild card that is ripe for more color when stacked up in stocks, but it’s moving.” To be like gold and bonds.

Meanwhile, the price of BTC continues its upward movement as it targets the $24K high. Buyers are poised to push Bitcoin towards the $24,000 potential resistance. The crypto is at 60 on the Relative Strength Index for the period of 14 months. This indicates that Bitcoin is in a bullish zone and may rise further.

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