BTC Price Prediction: All-Time Highs Broken After Surpassing $57,000

Bittime - As Bitcoin approaches the $57,000 resistance level, the price is likely to struggle to break through this level in the near term. This point is crucial—if Bitcoin fails to break through $57,000 soon, the market could return to a bearish trend.

What is Bitcoin?

Bitcoin is a digital asset that does not rely on a central authority and allows direct transactions between users through a peer-to-peer network. 

Its value is heavily influenced by market movements, so it is important for investors to understand its price fluctuations.

Latest Bitcoin Predictions in September

According to analyst Josh from Crypto World, Bitcoin recently bounced off a key support level around $52,500 (around Rp. 810,450,000), but is currently facing a major resistance area around $57,000 (Rp. 878,940,000). 

Despite a rebound from the support level between $51,000 (around Rp. 787,420,000) and $53,000 (around Rp. 816,360,000), the price has not managed to break through the resistance level.

For Bitcoin to be more bullish, it needs to pass $57,000 (Rp878,940,000) and make it a new support level. 

If this happens, Bitcoin could rise to the next resistance level, which is estimated to be between $59,000 (around Rp. 910,780,000) and $61,000 (around Rp. 942,620,000). 

For a stronger bullish signal, Bitcoin must break and hold above resistance levels such as $57,000, and then $59,000 to $61,000.

Also read Convert 1 BTC to IDR

Will Prices Stagnate in the Next Few Days?

In the short term, Bitcoin price is likely to struggle around the $57,000 level. 

If Bitcoin fails to break through this level in the next few days, the bearish trend could continue. 

However, if Bitcoin manages to break through $57,000 and stays above that level, it could signal a stronger bullish move.

Bitcoin Price Prediction According to Asset Liquidation

According to the Bitcoin liquidation map, a lot of liquidity was lost from higher price levels in the past day. 

Most of this liquidity is around $57,000 (Rp878,940,000) to $57,500 (Rp885,150,000), with a key area between $57,600 (Rp887,352,000) and $57,700 (Rp888,560,000). 

On the other hand, liquidity at lower levels is also minimal, so analysts predict that Bitcoin prices may stagnate around the current resistance level in the near future.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.