Bitcoin BTC/USD ends the trading week at the level of 47433, continues to move as part of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 38455. Where can we again expect a rebound and a continuation of the rise in the Bitcoin rate with a potential target above the level of 60505.
Bitcoin Forecast and Analysis August 30 — September 3, 2021
An additional signal in favor of the growth of BTC/USD quotes in the current trading week August 30 — September 3, 2021 will be a rebound from the upper border of the descending channel. The second signal will be a rebound from the support line on the relative strength index (RSI). Cancellation of the Bitcoin growth option will be a fall and a breakdown of the area of 29405. This will indicate a breakdown of the support area and a continued fall in BTC/USD quotes with a potential target below the level of 24505. Confirmation of the development of the bullish movement will be the breakdown of the upper curtain of the descending channel and closing of quotations above the level of 53405.
Bitcoin Forecast and Analysis August 30 — September 3, 2021 assumes an attempt at a support area near the level of 38455. Then, the cryptocurrency will continue to rise to the area above the level of 60505. An additional signal in favor of the growth of the Bitcoin rate in the current trading week will be a test of the trend line on the relative strength. Cancellation of the option to raise Bitcoin cryptocurrency quotes will be a fall and a breakdow
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