TL;DR Breakdown Bitcoin price analysis is bullish for today.BTC/USD retraced to $44,000 overnight.Bitcoin started to move higher today. Bitcoin price analysis is bullish for today as the market retested the $44,000 mark and set a higher low overnight. Therefore, we expect BTC/USD to rally over the next 24 hours and regain more of the loss seen earlier this week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours. Bitcoin lost 0.5 percent, while Ethereum 0.41. Meanwhile, Cardano (ADA) is the best performer, with a gain of 11.41 percent. Bitcoin price movement in the last 24 hours: Bitcoin sets a higher low at $44,000 BTC/USD traded in a range of $44,344.49 – $45,899.09, indicating a moderate amount of volatility over the last 24 hours. Trading volume has decreased by 16.7 percent and totals $39.36 billion. Meanwhile, the total market capitalization trades around $858.7 billion, resulting in market dominance of 41.2 percent. BTC/USD 4-hour chart: BTC starts to rally again? On the 4-hour chart, we can see the Bitcoin price starting to move higher over the past hours as bulls have regained momentum. BTC/USD 4-hour chart. Source: TradingView Bitcoin price action has seen strong volatility this week. After rallying from the $46,500 support at the beginning of September, BTC/USD eventually peaked at $53,000 on the 7th of September. From there, Bitcoin s...
