Bitcoin

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bitcoin-btc-price-analysis-for-today-here-are-the-price-actions-for-the-next-24-hours/">Bitcoin (BTC) Price Analysis for Today: Here are the Price Actions for the Next 24 Hours</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
As expected, no change has been witnessed in the Bitcoin price action in the past 24 hours as it continues to trade within the same range. Besides, no specific change in market sentiment is seen as the volume remains drained along with the price moving sideways. In short, the BTC price is facing sluggish behaviour that may have annoyed the traders, who are now looking at other options to invest in. 
Although the price does not display any major movement, it carries the possibility of a short-term bounce that the traders need to keep a note of. As mentioned in the previous composition, the September month is expected to be a major setback for the BTC price. Hence, the traders may be expecting a huge plunge before the end. However, one of the prominent analysts, <a href="https://twitter.com/AltcoinSherpa/status/1699242754184782008" target="_blank" rel="noopener noreferrer nofollow">Altcoin Sherpa</a>, cautions his 196,200 followers not to trade actively at the moment.&nbsp; 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh3.googleusercontent.com/YWfYw8GbfWvend3-0OtATLF1V7QPKKFDn8eg3nJjUA8xDYmNSt4WgsRk5-FO-rTT-PJe_A4oDQWcDF8nqegMpI6twRe1whJsOw3zdake3fwzHfNwdJ90GTXrGd7EDAZcW7Bf1DeDSli9FaAFJRLBJmg" alt=""> 
</figure> 
The analyst refers to the above chart and says that nothing has changed in the past few days as the trend remains relatively low. However, the upcoming price action may determine the next course of action. The price is trading in a lower-low pattern, while the next higher high is most anticipated and is also unlikely considering the current trade setup. 
<blockquote class="wp-block-quote"> 
 “Nothing has happened the last few days; I’m still waiting to see where this next high goes. This was actually a lower low on many other exchanges and that wicked down. HTF market structure still seems v. shaky at best. Dont trade this actively IMO,” 
</blockquote>

Bitcoin (BTC) Price Analysis for Today: Here are the Price Actions for the Next 24 Hours

CoinPedia News

Other articles published on Sep 6, 2023

SBF Claims Prison Environment Is Impeding Discovery Process

Solana Foundation joins forces with Hong Kong university for crypto education

Cardano founder just commented on coming US elections

US DOJ freezes Alex Mashinsky’s assets in Celsius case

Visa Enables $USDC Transactions on Solana Blockchain

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

Join our free newsletter for daily crypto updates!