Cryptocurrency Price Analysis September 25: Bitcoin, BTC to USD, slid by 4.54% on Friday. Reversing a 3.01% gain from Thursday, Bitcoin ended the day at $42,856.0. A mixed beginning to the day saw Bitcoin rise to a mid-morning intraday high $45,164.5 before hitting reverse.
Falling short of the primary major resistance degree at $45,555, Bitcoin slid to a late morning intraday low $40,755.0. Bitcoin fell by way of the primary main help degree at $43,658 and the second main help degree at $42,431.
More considerably Bitcoin additionally fell through the 38.2% FIB of $41,592 earlier than briefly revisiting $43,200 levels. Bitcoin broke again by way of the 38.2% FIB and the second main help degree to finish the day at $42,800 ranges.
The near-term bullish trend remained intact, despite the most recent return to sub-$40,000 levels. For the bears, Bitcoin would need a sustained fall by way of the 62% FIB of $27,237 to form a near-term bearish trend.
Across the Other Major coins was a bearish day on Friday.
Chainlink and Bitcoin Cash SV slid by 8.64% and by 8.55% respectively to lead the way down. Binance Coin (-7.40%), Crypto.com Coin (-6.30%), Ethereum (-7.10%), Litecoin (-7.10%), and Ripple’s XRP (-5.82%) also struggled. Cardano’s ADA (-2.10%) and Polkadot (-3.41%) saw relatively modest losses, however.
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