Bitcoin price is experiencing a momentary downswing as it sets up a falling wedge pattern. Similar to the big crypto, Ethereum price is also forming a bullish pattern. However, Ripple seems to be bouncing off a support floor without any technical formations in play.
SafeMoon (SAFEMOON) price is in a downtrend for most of September. With the Relative Strength Index (RSI) nearing the oversold region, bulls will start to gain an appetite to pick up some SAFEMOON. Bulls can easily match and squeeze sellers out of any short-term position with the volume on the thin side. To the upside, the 10-day Simple Moving Average (SMA) will be the first resistance bulls should face around $0.00000140.
Bitcoin price faces continued bearish sentiment across the broader risk-on market. Very high probability of a test lower to $40,000 as the final support leg before bears continue to thrust Bitcoin lower.
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