Bitcoin
BTC$19 030.21

-0.32%

Ethereum
ETH$1 326.48

0.13%

Tether
USDT$1.000084

0%

USD Coin
USDC$0.999981

-0.01%

Binance Coin
BNB$276.61

-2.41%

XRP
XRP$0.486640

-3.42%

Bitcoin (BTC) Reviews for September 2022

BTC Reviews $uppport&re$1$tance September 14, 2022
Bitcoin broke above the 50-day simple moving average (SMA)($21,902) on Sept. 12, but this proved to be a bull trap. Buyers attempted to extend the recovery on Sept. 13 but the rally reversed direction from $22,799. Aggressive selling by the bears pulled the price back below the 20-day exponential moving average (EMA) ($20,722). A minor positive is that the bulls are attempting to stall the decline at $20,000. If buyers push the price back above the 20-day EMA, it will suggest that lower levels continue to attract buyers. The BTC/USDT pair will then attempt to rise to the 50-day SMA and later retest $22,799. A break and close above this resistance could open the doors for a possible rally to $25,211. Contrary to this assumption, if the price slips below $19,860, the pair could drop to the $18,510 to $17,622 zone. The bulls are expected to defend this zone with vigor.

BTC Reviews FairyCrypt0 September 12, 2022
Bitcoin is attempting to form a bottom. Buyers pushed the price above the 20-day exponential moving average (EMA) ($20,831) on Sept. 9 and the 50-day simple moving average (SMA) ($21,944) on Sept. 12. This suggests that the bears may be losing momentum. If buyers sustain the price above the 50-day SMA, the BTC/USDT pair could attempt a rally to the overhead resistance at $25,211. The bears are expected to defend this level with vigor. If the price turns down from this level, the pair could spend some time inside a large range between $18,626 and $25,211. During such periods of consolidation, the weaker hands sell their holdings fearing a further fall while the stronger hands buy expecting that a bottom may be close by. This completes the transfer of assets from the weaker hands to the stronger hands. After the accumulation is complete, the asset usually starts a new bull move. Another possibility is that the price turns down and breaks below the 20-day EMA. If that happens, it will indicate that traders continue to sell on rallies. The pair could then once again revisit the strong support at $18,626.

BTC Reviews $uppport&re$1$tance September 2, 2022
The total crypto market cap continues to crumble as the dollar index hits a 20 year high. The total crypto market capitalization dropped by 6.9% in one week, while derivatives metrics reflect increasing demand for bearish bets. From a bearish perspective, there’s a fair probability that the crypto market entered a descending channel (or wedge) on Aug. 15 after it failed to break above the $1.2 trillion total market capitalization resistance. Even if the pattern isn’t yet clearly distinguishable, the last couple of weeks have not been positive. For example, the $940 billion total market cap seen on Aug. 29 was the lowest in 43 days. The worsening conditions have been accompanied by a steep correction in traditional markets, and the tech-heavy Nasdaq Composite Index has declined by 12% since Aug. 15 and even WTI oil prices plummeted 11% from Aug. 29 to Sept. 1. Investors sought shelter in the dollar and United States Treasuries after Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by tightening the economy. As a result, investors took profits on riskier assets, causing the U.S. Dollar Index (DXY) to reach its highest level in over two decades at 109.6 on Sept 1. The index measures the dollar’s strength against a basket of top foreign currencies.

BTC Reviews Edwardd August 28, 2022
Bitcoin closed below the psychological level of $20,000 on Aug. 28 but the bears could not build upon their advantage. Buyers have pushed the price back above $20,000 on Aug. 29, which shows strong demand at lower levels. The BTC/USDT pair could rise to the 20-day exponential moving average (EMA) ($21,620), which is an important level to keep an eye on. If bulls push the price above this resistance, it could signal that the bearish momentum is weakening. A break and close above the moving averages could open the doors for a possible rally to $25,211. Alternatively, if the price turns down from the downtrend line or the moving averages, it will suggest that bears are selling on every minor rise. The pair could then decline to the strong support zone of $18,910 to $18,626. The bulls are expected to defend this zone with all their might because if the support cracks, the pair could drop to the June low at $17,622.

BTC Reviews Wanderer August 24, 2022
Bitcoin slipped below the 20-day exponential moving average (EMA) of $22,864 on Aug. 17 and then below the 50-day simple moving average (SMA) of $22,318 on Aug. 19. The bulls are attempting to arrest the decline at the support line of the ascending channel. The 20-day EMA has started to turn down and the relative strength index (RSI) is in negative territory, indicating advantage to bears. If the price reverses direction from the moving averages, it will suggest that bears are selling on rallies. That could increase the possibility of a break below the support line of the channel. If that happens, the crucial support zone of $18,626 to $17,622 may come under attack. To avoid this situation, the bulls will have to push and sustain the price above the moving averages. If they do that, the BTC/Tether (USDT) pair could rise toward the resistance line of the channel. The buyers are aggressively defending the support line of the channel, but the downsloping moving averages and the RSI in the negative territory suggest that higher levels are likely to attract selling by the bears. If the price turns down from the current level or the 20-EMA, the likelihood of a break below the channel increases. If that happens, the bearish momentum could pick up and the pair could drop toward $18,626. The first sign of strength will be a break above the 20-EMA. Such a move will indicate that the selling pressure may be reducing. That could improve the prospects of a rally to the 50-SMA.

BTC Reviews l00k$_1ntere$1ng August 23, 2022
Bitcoin slipped below the 20-day exponential moving average (EMA) of $22,864 on Aug. 17 and then below the 50-day simple moving average (SMA) of $22,318 on Aug. 19. The bulls are attempting to arrest the decline at the support line of the ascending channel. The 20-day EMA has started to turn down and the relative strength index (RSI) is in negative territory, indicating advantage to bears. If the price reverses direction from the moving averages, it will suggest that bears are selling on rallies. That could increase the possibility of a break below the support line of the channel. If that happens, the crucial support zone of $18,626 to $17,622 may come under attack. To avoid this situation, the bulls will have to push and sustain the price above the moving averages. If they do that, the BTC/Tether (USDT) pair could rise toward the resistance line of the channel. The buyers are aggressively defending the support line of the channel, but the downsloping moving averages and the RSI in the negative territory suggest that higher levels are likely to attract selling by the bears. If the price turns down from the current level or the 20-EMA, the likelihood of a break below the channel increases. If that happens, the bearish momentum could pick up and the pair could drop toward $18,626. The first sign of strength will be a break above the 20-EMA. Such a move will indicate that the selling pressure may be reducing. That could improve the prospects of a rally to the 50-SMA.

BTC Reviews l00k$_1ntere$1ng August 11, 2022
Bitcoin turned down from $24,245 on Aug. 8 and dropped to the 20-day exponential moving average (EMA) ($22,966) on Aug. 9. The bulls aggressively purchased the dip on Aug. 10 and are attempting to push the price above the overhead resistance at $24,668. If they succeed, the BTC/USDT pair could pick up momentum and rally to $28,000. The bears may mount a strong resistance at this level but if bulls overcome this barrier, the pair could rise to $32,000. The gradually upsloping 20-day EMA and the relative strength index (RSI) in the positive territory indicate the path of least resistance is to the upside. Conversely, if the price turns down from $24,668, the bears will again attempt to sink the pair below the 20-day EMA. If they manage to do that, the pair could decline to the 50-day simple moving average (SMA ($21,708). A break below this level could tilt the advantage in favor of the bears.

BTC Reviews $0und0f$ilence August 7, 2022
Bitcoin bounced off the 20-day exponential moving average (EMA)($22,846) on Aug. 7 and the momentum picked up on Aug. 8. The buyers pushed the price above $24,000 and could challenge the overhead resistance at $24,668. The 20-day EMA is sloping up and the relative strength index (RSI) is in the positive territory, indicating that bulls are in control. If buyers propel the price above the overhead resistance, the BTC/USDT pair could pick up momentum and rally to $28,000 as there is no significant resistance in between. The bears may try to stall the recovery at this level but if bulls overcome this barrier, the up-move could reach $32,000. Contrary to this assumption, if the price turns down from $24,668, the pair could drop to the 20-day EMA. This is an important level to watch out for because a break below it could drag the price to the 50-day simple moving average (SMA($21,594). A break below this level could put the bears back on top.

BTC Reviews Leg0la$ August 1, 2022
The bulls repeatedly failed to sustain Bitcoin above the overhead resistance at $24,276 in the past few days, indicating that the bears are defending the level with all their might. The price has pulled back to the 20-day exponential moving average (EMA) ($22,515), which is likely to act as strong support. If the price rises from the 20-day EMA, the bulls will again try to clear the overhead hurdle. If they succeed, the BTC/USDT pair could pick up momentum and a rally to $28,171 is possible. The up-sloping 20-day EMA and the relative strength index (RSI) in the positive territory indicate advantage to buyers. This positive view could invalidate in the near term if the price turns down and breaks below the 50-day simple moving average (SMA) ($21,310). The pair could then decline to the support line, which is an important level for the bulls to defend.

BTC Reviews l00k$_1ntere$1ng July 14, 2022
Bitcoin dropped back to the support line of the symmetrical triangle on July 12, indicating that the break above the triangle on July 7 may have been a bull trap. The buyers are trying to defend the level but the long wick on the July 13 candlestick shows that the bears are selling near the 20-day exponential moving average (EMA) ($20,796). Both moving averages are sloping down and the relative strength index (RSI) is in the negative zone, indicating that bears are in command. If the price breaks below the support line, the BTC/USDT pair could drop to the $18,626 to $17,622 support zone. This is an important zone for the bulls to defend because if it gives way, the pair could decline to $15,000. The first sign of strength will be a break and close above the 20-day EMA. Such a move will suggest strong buying at lower levels. That could increase the possibility of a rally to the 50-day simple moving average (SMA)($24,084).

BTC Reviews l00k$_1ntere$1ng July 5, 2022
The failure of the bears to extend Bitcoin’s decline below $19,637 suggests a lack of sellers at lower levels. The bulls will now attempt to push the price back above the resistance at $19,637. If that happens, the BTC/USDT pair could rise to the 20-day exponential moving average (EMA) ($21,255). This level could again act as a stiff resistance but if bulls clear this hurdle, the pair may rise to the overhead zone between $22,000 and $23,362. A break above this zone could open the doors for a possible rally to the 50-day simple moving average (SMA) ($25,710). The bulls will have to overcome this barrier to signal a potential trend change. On the contrary, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains bearish and traders are selling on rallies. That could increase the possibility of a retest of the critical support at $17,622. If this support cracks, the decline could extend to $15,000.

BTC Reviews RealSatoshi June 27, 2022
The general mood of the market is fully consistent with this Extreme Fear. The Internet is talking again about the death of bitcoin. According to Google Trends, the number of search queries on this topic has returned to its maximum levels, close to December 2017. Recall that at that moment, approaching the coveted $20,000, the main cryptocurrency turned around and flew down, losing more than 40% of its value in a few days. The only difference with that long-standing situation is that bitcoin was approaching the $20,000 level from below then, and it is from above now. And the market was looking for a top then, and for a bottom now. Moreover, according to a number of influencers, it is not at all necessary that the bottom is at this particular mark.

BTC Reviews Know1tAll June 19, 2022
Bitcoin plummeted below the crucial support of $20,111 on June 18, indicating the resumption of the downtrend. A minor positive is that the bulls purchased the dip as seen from the long tail on the day’s candlestick. The buyers are attempting to push the price back above the breakdown level of $20,111. If they manage to do that, it will suggest that the drop to $17,622 on June 18 may have been a bear trap. The BTC/Tether (USDT) pair could then rally to $23,362, where the bears may again mount a strong resistance. The relative strength index (RSI) has been trading in the oversold zone for the past few days which suggests a relief rally in the near term. This positive view could invalidate if the price turns down from $20,111. That will suggest the bears have flipped the level into resistance and increase the possibility of a break below $17,622. The next support on the downside is $16,000.

BTC Reviews l00k$_1ntere$1ng June 18, 2022
Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United States Federal Reserve’s aggressive monetary tightening, a crisis at crypto lending platform Celsius and liquidity issues at investment fund Three Arrows Capital are creating a sense of panic among traders. Markets commentator Holger Zschaepitz said that Bitcoin has crashed more than 80% four times in history. That puts the current fall of about 74% within historical standards. Previous bear markets have bottomed out just below the 200-week moving average, according to market analyst Rekt Capital. If history repeats itself, Bitcoin is unlikely to stay at the current depressed levels for a long time. Coinglass data suggests that Bitcoin’s 39% loss in June of this year is the worst ever since 2013. While several investors expect Bitcoin to bottom out soon, crypto critic Peter Schiff warned that the selling could continue and the largest cryptocurrency may drop to $3,000. Could bulls arrest the decline in Bitcoin in the short term? If that happens, let’s study the charts of the top-5 cryptocurrencies that may outperform the other coins.

BTC Reviews MrBigMoney June 15, 2022
Bitcoin remains in a firm bear grip. The bulls tried to start a recovery on June 14, as seen from the long wick on the day’s candlestick, but the bears were in no mood to relent. They sold aggressively and pulled the price to $20,111 on June 15. The sharp selling in the past few days has pulled the relative strength index (RSI) near 21. This suggests that a rebound is possible in the short term. The BTC/USDT pair could rise to the 38.2% Fibonacci retracement level of $24,562 and then to the 50% retracement level at $25,938. The bears are expected to mount a strong defense in this zone. If the price turns down from this overhead zone, the bears will attempt to resume the downtrend by pulling the pair below $20,000. If they succeed, the pair could drop to the next support at $17,500 and later $16,000. The buyers will have to push and sustain the price above the 20-day exponential moving average (EMA)($27,748) to indicate a potential trend change.

BTC Reviews D0nald0 June 14, 2022
Bitcoin (BTC) plummeted close to the crucial support of $20,000 as traders panicked and dumped their holdings, fearing an aggressive rate hike by the United States Federal Reserve on June 15. Another reason for the sell-off could be fears of possible contagion if lending platform Celsius and crypto venture capital firm Three Arrows Capital (3AC) go belly up. Data from on-chain analytics platform CryptoQuant showed 24-hour exchange inflows of 59,376 Bitcoin on June 14, the highest inflows since November 30, 2018. The Bitcoin miners also joined other investors in sending Bitcoin to the exchanges. The Bitcoin Miners to Exchange flow metric reached a seven-month high of 9,476, indicating that the miners may be anticipating a further fall in the near term. Prominent investors are divided on whether a bottom has been made in Bitcoin or not. Galaxy Digital Holdings chairman and CEO Mike Novogratz believes that Bitcoin could hold $20,000 and Ether (ETH) may bottom out at $1,000. These levels were also referred to by Arthur Hayes, co-founder and former chief of BitMEX, who cautioned that if the levels crack, it may lead to “massive sell pressure in spot markets.” What are the important levels to watch out for on Bitcoin and major altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.

BTC Reviews l00k$_1ntere$1ng June 9, 2022
Bitcoin plunged below the 20-day exponential moving average (EMA) ($30,565) on June 7 but a positive sign is that the bulls aggressively purchased the dip to the trendline of the ascending triangle pattern. This resulted in a strong recovery as seen from the long tail on the day’s candlestick. The ascending triangle pattern remains intact favoring the buyers. However, a minor negative is that the bulls could not build upon the momentum on June 8. This gave an opportunity to the bears who have again pulled the price back below the 20-day EMA. This suggests that bears continue to sell in the zone between the 20-day EMA and $32,659. If bears sink the price below the trendline, the BTC/USDT pair could drop to $28,630 where buying may emerge. If that happens, it will suggest that the pair may remain range-bound between $32,659 and $28,630 for a few more days. The next directional move is likely to begin on a break above $32,659 or below $28,630. Until then, volatile range-bound action is likely to continue.

BTC Reviews Leg0la$ June 8, 2022
Bitcoin (BTC) continues to trade in a range with the local tops and bottoms coinciding with increased whale activity in the region, according to on-chain analytics resource Whalemap. The range-bound action in Bitcoin has kept the analysts guessing and a few expect the consolidation to continue for some more time, while others anticipate another leg lower. A June 6 Glassnode report said that the aggregated realized losses from long-term holders reflected more than 0.006% of the market capitalization on May 29. This is in comparison to the peak of 0.015% of the market capitalization reached during the 2018 to 2019 bear market. Along with the quantum of losses, investors may also have to be prepared for a longer duration of subdued prices. The duration of the current loss for long-term investors is only one month old, while the previous losses remained roughly for a year. Could the lackluster trading action in Bitcoin and other major altcoins continue? Let’s study the charts of the top-10 cryptocurrencies to find out.

BTC Reviews l00k$_1ntere$1ng June 5, 2022
Bitcoin plunged below the 20-day exponential moving average (EMA) ($30,459) on June 1. The bulls attempted to push the price back above the 20-day EMA on June 2 and 3 but the bears did not relent. The bears will try to pull the price below the strong support at $28,630. If they manage to do that, the BTC/USDT pair could drop to the vital support at $26,700. The buyers are expected to defend this support zone with all their might because if they fail to do that, the downtrend may resume. On the upside, the bulls will have to push and sustain the price above $32,659 to suggest that a new uptrend could be starting. The bullish momentum could pick up on a break and close above the 50-day simple moving average (SMA) ($33,778). The pair could then rally to the pattern target of $36,688 and thereafter to $40,000. The four-hour chart shows that the price action is getting squeezed. Although bulls pushed the price above the 20-EMA, they are facing stiff resistance at the 50-SMA. This suggests that bears are active at higher levels. A minor positive in favor of the bulls is that they have not allowed the price to break below the support at $29,282. If the price rises from the current level and breaks above the downtrend line, the bulls will attempt to push the pair to the 200-SMA. Conversely, if the price breaks below $29,282, the next stop could be $28,630.

BTC Reviews l00k$_1ntere$1ng May 30, 2022
Bitcoin broke above the downtrend line on May 30 and the bulls are attempting to sustain the price above the 20-day exponential moving average (EMA) ($30,562). If they succeed, it will be the first indication that the bears may be losing their grip. If the price sustains above the 20-day EMA, the BTC/USDT pair could rise to $32,659 and later to the 50-day simple moving average (SMA) ($34,954). The 20-day EMA is flattening out and the relative strength index (RSI) has risen above 46, suggesting that bulls are attempting a comeback. Conversely, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then make another attempt to pull the pair below $28,630 and challenge the May 12 intraday low at $26,700. A break below this support could signal the resumption of the downtrend.

* Crypto Rating accepts no liability for content of the Bitcoin reviews made by the site users. The entire responsibility for the contents rests with the authors.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84.4% 28 $19 030.21 -0.32% -5.10% $364 618 489 584 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.4% 56 $1 326.48 0.13% -8.81% $162 515 564 561 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000084 0% 0% $67 960 431 405 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $0.999981 -0.01% -0.01% $49 713 550 202 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 86.4% 17 $276.61 -2.41% -0.50% $44 627 031 173 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 64.8% 72 $0.486640 -3.42% 30.75% $24 258 385 474 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000205 0.02% 0.07% $20 521 449 661 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 80% 32 $0.454931 -1.45% -5.80% $15 571 509 175 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 84% 31 $33.80 0.27% 0.09% $11 987 371 735 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 86.8% 14 $0.063036 -4.59% 2.47% $8 363 011 604 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 79.6% 43 $6.31 -2.20% -9.86% $7 073 245 562 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.2% 1 $1.000136 0.03% 0.02% $6 930 359 263 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 72.8% 54 $0.761561 -1.51% -7.49% $6 651 718 356 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.8% 42 $0.000011 1.38% -3.89% $6 272 885 542 SHIB 7 days price change

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