Bitcoin (BTC/USD) Market Consolidates at $57,000

Bitcoin Price Prediction – October 14The BTC/USD market consolidates at the trading level of $57,000 after the crypto trade pushed above a key resistance point at $55,000. As of writing, the price trades around the line of $57,079 at a relatively negative percentage rate of about 0.89.BTC/USD Market Key Levels: Resistance levels: $60,000, $62,500, $65,000Support levels: $55,000, $52,500, $50,000BTC/USD – Daily ChartThe BTC/USD daily chart reveals that the crypto market consolidates at $57,000, coupled with some efforts made to average higher lines close beneath the resistance level at $60,000. The 50-day SMA trend line is beneath the 14-day SMA trend line as the bullish drew across the SMAs to the north side. The Stochastic Oscillators are in the overbought region consolidating in it. Buy Bitcoin Now Will the BTC/USD trade operation continues to hold at a higher point as the market consolidates at $57,000? There is the possibility that the BTC/USD trade operation, continue to hold at a higher point as the market consolidates at $57,000. The support level at $55,000 is the main crucial point that the market would have to continually build up to find energies to upkeep its bullish trend. However, a sudden emergence of a bearish candlestick engulfing immediate bullish candlesticks may lead the market to rebuild energy at lower trading support lines.On the downside, the BTC/USD market bears must be cautious of their re-positioning at this time as there have been no active depression signs that have shown up. Even at higher trading zones presently. It is most likely that a decent sell entry will observe while the market tests a higher line around the $60,000 resistance level. Meanwhile, it may take a while. BTC/USD 4-hour Chart The BTC/USD 4-hour chart showcases that the crypto market oscillates between $55,000 and $60,000 levels. The lower bullish channel trend line drew alongside the smaller SMA trend line. The 50-day SMA indicator is under the 14-day SMA indicator. The Stochastic Oscillators have conjoined the lines to point to the east, suggesting that the market may soon witness a short-line of range-bound trading situations. Looking to buy or trade…

Source: Bitcoin (BTC/USD) Market Consolidates at $57,000

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