BTC price analysis, 09.19.2021

BTC-USDT, daily chart

Price action: the 46k level has been recovered in the past days. The price is ranging between 47k and 49k approximately, regaining the trend prior the big spike. That spike was an anomaly of the system, probably a real manipulation from whales. The most important liquidity zone is the 44k one, where mini-dumps were bounced back. As long as the 47k level holds, or in a more real case the 46k one, the accumulation is in progress. If reaches again the 44k, it becomes a little bit more worrying situation for BTC.

RSI indicator: the RSI line seems to hold in the overbought zone. It has also retested the middle line, so in my opinion there is a slighter favorable situation for a bullish trend.

Volume analysis: volumes are still not confirming any bullish pattern for now. There is no big sign of control neither from bulls nor from bears.

BTC-USDT, weekly chart

The big down candle closed above the most dangerous levels, so macroscopically the situation is under control of the bulls. Anyway, it can't be excluded another correction towards the 44k in the next days due to low volumes.

Recap: taken all these considerations, there is no hurry to take any kind of medium-long term position.