{"id":274259,"date":"2020-09-26T17:56:54","date_gmt":"2020-09-26T21:56:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=274259"},"modified":"2020-09-26T18:05:50","modified_gmt":"2020-09-26T22:05:50","slug":"bitcoin-btc-price-prediction-september-26-2020-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-btc-price-prediction-september-26-2020-2","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Is Relatively Stable Above $10,700, May Resume the Uptrend"},"content":{"rendered":"\r\n

Bitcoin (BTC) Price Prediction \u2013 September 26, 2020<\/strong>
After the last bearish impulse on September 3, BTC\/USD<\/a> is range bound between $10,000 and $11,000. Bitcoin price is yet to break these range-bound levels for the past three weeks. Presently, BTC is in a tight range between $10,620 and $10,800.

Resistance Levels<\/strong>: $10,000, $11, 000, $12,000
Support Levels:<\/strong> $7,000, $6,000, $5,000<\/p>\r\n

\"\"<\/a>
BTC\/USD – Daily Chart<\/figcaption><\/figure>\r\n

Since September 24, Bitcoin is trading in a tight range after its recent upward move to the previous highs. The bulls have retested the $10,800 resistance on four occasions to break it, whereas the bears have retested the $10,620 on two occasions to break it. The current resistance can easily be broken if BTC makes a strong bounce within a tight range. A strong bounce will propel price to break the resistance at $10,800 and the momentum will extend to retest or break the $11,000. BTC will resume upside momentum if the price breaks the $11,000 resistance and the momentum is sustained above it. However, if the price breaks the current support at $10,620, the coin will drop sharply to the $10,260. Meanwhile, the sideways move will continue to linger if the key levels remain unbroken.

Bitcoin Is \u201cJust One Big Ponzi Scheme\u201d by Dave Portnoy<\/strong>
Dave Portnoy is a popular Famous day trader and founder of Barstool Sports. According to reports that he bought $1.25 million worth of Bitcoin even though he thought its \u201cjust one big Ponzi scheme\u201d. Portnoy made a categorical statement about crypto trading as: \u201cYou get in, and you just have to not be the one left holding the bag.\u201d He commenced trading the Bitcoin (BTC) market in mid-August, after his discussion with the billionaire Winklevoss twins.

However, Dave Portnoy has a bad experience when his Chainlink investment took a sharp hit, at which time Portnoy announced his withdrawal from crypto investment. After the famous trader pulled out, he said to himself: \u201cI\u2019ll get back into Bitcoin. I don\u2019t know when,” he said. “I don\u2019t have much liquid really \u2014 it\u2019s all invested,\u201d Pompliano advised Portnoy that when he comes back, rather than trade, he should hold Bitcoin until the end of next year:<\/p>\r\n

\"\"<\/a>
BTC\/USD – 4 Hour Chart<\/figcaption><\/figure>\r\n

Bitcoin is stable above $10,700 as it retests the resistance at $10,800. If the bulls break the current resistance, the Fibonacci tool analysis will hold. As a result of the retraced candle body testing the 78.6% Fibonacci retracement level, the market will rise and reach the high of 1.272 Fibonacci extension or $11,019.70.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 September 26, 2020After the last bearish impulse on September 3, BTC\/USD is range bound between $10,000 and $11,000. Bitcoin price […]<\/a><\/div>","protected":false},"author":1742,"featured_media":274306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7812,8009],"acf":[],"yoast_head":"\nBitcoin Price Prediction: BTC\/USD Is Relatively Stable Above $10,700, May Resume the Uptrend<\/title>\n<meta name=\"description\" content=\"Since September 24, Bitcoin is trading in a tight range after its recent upward move to the previous highs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274259\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction: BTC\/USD Is Relatively Stable 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