Bitcoin BTC/USD ends the trading week at 77892 and continues to move within a developing correction and descending channel. Moving averages indicate a bearish trend. Prices have broken above the area between the signal lines, which is leading to downward pressure from asset buyers and potential continued growth in BTCUSD quotes. Currently, we expect an attempt at a bearish correction in the coin price and a test of the support area near 70505. From there, we expect another upward rebound and continued growth in the Bitcoin price, with a potential target above 95405.
Bitcoin Forecast BTCUSD August 31 – September 4, 2026
An additional signal favoring growth in BTC/USD quotes during the current trading week (August 31 – September 4, 2026) will be a rebound from the upper boundary of the descending channel. The second signal will be a rebound from the downward trend on the relative strength indicator (RSI). A decline and breakout of the 67505 area would cancel out Bitcoin’s upward trend this trading week. This would indicate a breakout of the support area and a continued decline in BTC/USD quotes, with a potential target below 60205. A breakout of the resistance area and a close above 86605 would confirm the bullish trend, signaling a breakout of the key resistance level.
Bitcoin Forecast BTCUSD August 31 – September 4, 2026 suggests a breakout of the support area near 70505. Subsequently, continued growth in the cryptocurrency to above 95405. A test of the trendline on the relative strength indicator would be an additional signal in favor of Bitcoin’s upward trend this trading week. The Bitcoin cryptocurrency’s upward trend would be cancelled if it declines and breaks above 67505. In this case, we should expect continued declines with a target of 60205.
