Baxia Markets
September 28, 2021

Bitcoin fights to complete breakout at $42,460

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The cryptocurrency could not complete the breakout in the last few days, but it is making another attempt; the price trades inside the Ichimoku cloud could be seen as market uncertainty.

The Bollinger bands are wide, and volatility should be higher this week as the bands are opening up at the edge, this usually indicates a trend change, but it is still too soon to tell.


BTC Sept 27th

The relative strength index is at the 42% level, where it has remained steady for the last few sessions. Our parabolic SAR indicator suggests that the price will continue to fall in the short term; however, anything can happen with cryptocurrencies.

The short and long-term moving averages crossed ten trading sessions ago. The gap between these lines continues to expand, indicating that the asset might continue its downward trend for longer than expected.


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