9:01 AM · 27 September 2022

Chart of the day - BITCOIN (27.09.2022)

Cryptocurrencies are the best performing asset class on Tuesday. There is no clear, crypto-related reason behind today's rally and therefore it can be reasoned with an overall improvement in risk moods as well as weakening of the US dollar. Bitcoin trades 6% higher on the day and returns above the $20,000 mark. Ethereum adds around 5.5% while Ripple trades almost 2.5% higher. NEO and UNISWAP are top performers with each gaining around 15% at press time.

Taking a look at the BITCOIN chart at the H4 interval, we can see that the coin climbed to the highest level since September 15, 2022. Bitcoin price broke above the 50-session moving average yesterday (green line), that acted as the resistance in recent days (orange circles). Upward movement accelerated following a break above this moving average and the coin broke above the 200-session moving average ahead of the European open today. Price also broke above a psychological $20,000 handle but the rally lost momentum later on. The upward move has a lot of room to extend until the downtrend is snapped with the upper limit of market geometry sitting at around $22,400, or around 11% above the current market price. However, price zone marked with 38.2% and 50% retracement of a downward move started in mid-August.

Source: xStation5

30 September 2026, 6:42 PM

📊Daily Summary: PCE inflation slowdown brings relief to Wall Street, but oil continues gains despite return of supply

25 September 2026, 3:29 PM

Crypto News 📉 Bitcoin pulls back after reaching its highest levels since January. What’s next?

21 September 2026, 3:31 PM

SEC eases regulations: Does Bitcoin and Strategy benefit the most?

16 September 2026, 3:03 PM

Are Bitcoin ETFs selling again? Cryptocurrencies brace for the Fed

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits