Bitcoin Soars As Crypto’s Utility Continues To Increase: What Does the Chart Say Comes Next?

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Bitcoin Soars As Crypto’s Utility Continues To Increase: What Does the Chart Say Comes Next?

By Crypto Global News

Bitcoin (CRYPTO: BTC) gained further utility on Thursday when Twitter Inc (NYSE: TWTR) announced its tipping feature will be available to all users and will offer an option for paying and receiving tips in the apex cryptocurrency. The option will be available on iOS soon and to Android users over the following few weeks.

The Bitcoin Chart: Following the announcement, Bitcoin rose about 2.5% in the 45 minutes between 1 p.m. and 1:45 p.m. ET. The crypto then began to consolidate the move on lower timeframes.

By mid-afternoon Bitcoin was trying to gain support of the eight-day exponential moving average (EMA) on the daily chart. If Bitcoin can regain the level as support, it will negate the bear flag pattern created between Sept. 19 and Thursday.

Bitcoin was in the process of printing a bullish Marubozu candlestick, which indicates higher prices may come on Friday and into the weekend. Technical traders may have seen the reversal to the upside setting up on Sept. 21 when Bitcoin’s relative strength index reached near overbought territory at the 35% level.

Bitcoin is trading below both the eight-day and 21-day EMAs with the eight-day trending below the 21-day, which is bearish for the short term. The crypto is also trading slightly below the 200-day simple moving average (SMA), which indicates overall sentiment is bearish. If Bitcoin trades up toward the $46,700 level over the coming days, it will cause the eight-day EMA to cross back above the 21-day and 200-day SMA which would be bullish.

  • Bulls want to see continued high bullish volume to drive Bitcoin up above its closest resistance level at $44,850 and then for a trend change with higher lows and lower highs to develop when the crypto eventually consolidates.
  • Bears want to see big bearish volume keep the crypto below the eight-day EMA and for selling pressure to then drop the coin back toward the $42,233 level. If Bitcoin loses the area as support, it could fall back down to the $39,600 mark.
btc_sept._23.png

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Join www.truthbook.social our new social media platform backed by Independent Media. where you can speak the truth, and not be banned. Plus you'll receive $50 USD in www.truthcoin.social,the crypto currency backing the project, when you join, plus a lot more for sharing posts. www.truthbook.social

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Truthcoin Offer

$1000 USD turns into Now $6000 Truthcoin
$2,500 USD turns into Now $25,000 Truthcoin
$5000 USD turns into Now $65,000 Truthcoin
$10,000 USD turns into Now $150,000 Truthcoin
$15,000 USD turns into Now $250,000 Truthcoin
$50,000 USD turns into Now $1.15 Million Truthcoin
$100,000 USD turns into Now $2.5 Million Truthcoin

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.10 on Azbit

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY