Cryptocurrency

Bitcoin

Dogecoin

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 <p class="paragraph">Amid <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> retracement by the majority of assets in the cryptocurrency market, Bitcoin (BTC) is also reversing the gains it attained earlier this week, but this does not necessarily mean a bad thing as it can provide an ideal opportunity to accumulate the maiden crypto before it potentially skyrockets.</p> 
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 <p class="paragraph">Specifically, as crypto trading expert Ali Martinez pointed out, Bitcoin has retraced every time its relative strength index (RSI) hit 73.31 on the 4-hour chart since mid-April, which could present a chance to <a rel="noopener noreferrer nofollow" title="‘buy" href="https://thebittimes.com/tag/buy.html">‘buy</a> the dip,’ as he highlighted in his X post published on September 20.</p> 
 <figure class="wp-block-image aligncenter"> 
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/LVd_zhZJQC8PKlgQdf0iFLXInWmBxUNMD4pGoxi-2U99GpGbKtopTjACMDguMr_Oo1mBtk6M6uEWizBXWd3q6tTg7Kwgt9JcnhQ7apy02tB_n4yOy_Bdse4lzFFB5Ic25BTDdi08sBzlwAsSgD5ERTY" alt> 
  <figcaption class="wp-element-caption"> <em>Bitcoin price action analysis. Source: </em><em>Ali Martinez</em> 
  </figcaption> 
 </figure> 
 <p class="paragraph">According to the cryptocurrency analyst’s observations:</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“We’re seeing this again as BTC approaches a descending resistance trendline at $27,440. A <a rel="noopener noreferrer nofollow" title="correction" href="https://thebittimes.com/tag/correction.html">correction</a> from here might take BTC to $25,200 or below, providing a potential <a rel="noopener noreferrer nofollow" title="‘buy" href="https://thebittimes.com/tag/buy.html">‘buy</a> the <a rel="noopener noreferrer nofollow" title="dip’" href="https://thebittimes.com/tag/dip.html">dip’</a> opportunity.”</p> 
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 <p class="paragraph">That said, Martinez also warned about a 4-hour candlestick closing above $27,440 “because it could signal the return of the bull run.”</p> 
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2> 
 <p class="paragraph">Meanwhile, the price of Bitcoin at the time of publication stood at $26,513, demonstrating a 2.39% dip in the last 24 hours and a decline of 0.11% across the previous seven days while still holding onto the 1.99% gain on its monthly chart, as per the latest data obtained on September 21.</p> 
 <figure class="wp-block-image aligncenter"> 
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh6.googleusercontent.com/rIrL2a416BaVZpKX41BgiBPNVpyxKdsC2vXareE1cXoapoj53WAawchy8QqHXg8Akr9_cxUPS4njqueK19ISOL7VWjzgDKTJz-7yIbQeXxRFGNM-DFbx47CM9rYxgBEaX8rFGkHz1stdUXHMS-3zSQ0" alt> 
  <figcaption class="wp-element-caption"> <em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em> 
  </figcaption> 
 </figure> 
 <p class="paragraph">It is also worth noting that Robert Kiyosaki, the author of the best-selling personal finance book <em>‘Rich Dad Poor Dad,’</em> also believes that the flagship decentralized finance (DeFi) asset’s current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> might be a bargain, urging his followers to invest in it “today, not tomorrow,” particularly in the face of a crisis he believes is just around the corner.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-correction-indicators-hint-at-buy-the-dip-bonanza-tbt63561.html">https://thebittimes.com/bitcoin-price-correction-indicators-hint-at-buy-the-dip-bonanza-tbt63561.html</a></p>

Bitcoin price correction: Indicators hint at ‘buy the dip’ bonanza

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