$BTC As of today, September 6, 2024, Bitcoin's price is experiencing bearish momentum, trading around the $57,000 to $58,000 range. Currently, there is pressure from sellers, and the price is close to breaking the immediate support level of $55,000. If this support holds, we may see a bounce back toward the $60,000 to $64,000 range, but if it fails, Bitcoin could continue to drop to around $49,000.
Technically, most moving averages (both simple and exponential) suggest a bearish trend, signaling a sell across different time frames. However, some analysts are still optimistic, noting that if Bitcoin manages to hold support at $55,000 and regain upward momentum, there could be a recovery toward $64,000.
In the short term, expect continued volatility as buyers and sellers battle around these key levels. If you're looking to trade or invest, it’s essential to keep an eye on these support and resistance levels. plz read the feed post also like or share👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
