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Author Topic: Time for a breakout? Bitcoin price pushes at key resistance near $23K  (Read 158 times)

Rakin343

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Traders watch closely as BTC price presses at a long-term trendline resistance that has previously capped previous rallies. On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline which appears to have resistance at $23,000. Perhaps BTC and the wider market are turning bullish ahead of the Ethereum Merge which is scheduled for Sept. 14, or maybe the elusive bottom is finally in. Weekly chart data from TradingView shows that on June 27 and Aug. 15, Bitcoin’s relative strength index had dropped to lows not seen since 2019. source
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