On Tuesday, September 14, Bitcoin rebounded to its yesterday’s price of $45K following a drop to $44K in early trading. Likewise, Ethereum also bounced back to $3.3K.
The world’s largest cryptocurrency by market cap increased 0.76% to $45,261.51 with a 24-hour change of $343.18.
Currently, Bitcoin has a market capitalization of $851.59 billion. Then, it has a 24-hour volume of $1.30 billion with a low of $43,480.54 and a high of $46,843.67.
In early trading, BTC extended its losses under the level of $45,000. It even sharply fell to the support level of $44,200 and stayed beneath the 100 hourly simple moving average.
Fortunately, there was no downtrend continuation below the level of $43,500. Besides, a low was created at just about $43,374 then it started a steady upturn.
Additionally, Bitcoin broke over the $44,200 resistance level. It cracked the 50% Fibonacci retracement level of the recent fall to $43,374 low from $46,879 high.
Now, the price faces a robust resistance close to $45,500 and the 100 hourly simple moving average.
Also, the 61.80% Fibonacci retracement level of the previous slide to $43,374 low from $46,879 serves a resistance near $45,550.
Still, the major resistance is approximately near the zone of $46,000.
An analyst said that Bitcoin must surpass the 100 hour SMA, the trend line zone, and the $46,000 level to reach a positive area.
Then, the next important resistance sets up close to the level of $47,350. This is where the price could climb approaching the key resistance of $48,500.
However, BTC could make another decline if it failed to clear the resistance zone of $46,000.
Crypto Mixed as Bitcoin Bounced Back
Furthermore, Ethereum also rebounded to yesterday’s price. It rose 1.19% to $3,310.76 with a market cap of 388.38 billion and a 24-hour volume of $22.32 billion.
Likewise, XRP jumped 0.84% to $1.07 with a market capitalization of $50.00 billion and a 24-hour volume of $4.6 billion.
Meanwhile, Solana was flat at $167.548 with a market cap of $49.58 billion and a 24-hour volume of $5.60 billion.3
On the other hand, Bitcoin Cash plummeted 1.66% to $617.46 with a market capitalization of $11.63. Then, it has a 24-hour volume of $6.14 billion.
The same with Dogecoin which fluctuated 0.92% to $0.24 with a market capitalization of $31.07 billion and a 24-hour volume of $1.65 billion.
