TL;DR Breakdown Bitcoin price analysis reveals that Bitcoin is now stable above the $46,000 range.A big flash crash of over seven thousand dollars pushed the coin into bears.Strong support is currently found at the $45,550 mark.Strong resistance is currently found at the $46,700 mark. Bitcoin price analysis reveals that the king of cryptocurrency is now stable above the $46,000 range but there are high fluctuations of over 500 dollars occurring regularly at the time of writing. Bitcoin price plunged over seven thousand dollars on the 7th of September and the king has been trying to stabilize since then. The big flash crash did not only plunge the king coin into a bearish momentum but also the industry as a whole. At the time of Bitcoin is trading hands for $46,194 with small fluctuations. Bitcoin price analysis: 1-day chart shows normalizing behavior The one-day Bitcoin price analysis shows that the king of cryptocurrency is finally moving into normal routine movements with bearish crossovers that were evident on the chart until yesterday as well. With a definitive increase in volatility, the current volatility is still less than the last month. The upper Bollinger band is found at the $52,079 mark, also showing the strongest resistance at the time of writing. The lower Bollinger band is found below the price at the $45,331 mark showing the strongest resistance point. BTC/USD 1-day candlestick price chart. Source: Trading Vi...
