BTC/USD are trading at 48146 and continue to move as part of the correction and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 895,838,740,054. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from the buyers of ”Digital Gold” and the potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 1, 2021, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 47355 area. Where can we expect a rebound and an attempt to grow the Bitcoin rate with a target above the 53505 area.
Bitcoin Forecast and Analysis BTC/USD September 1, 2021
An additional signal in favor of raising the BTC/USD quotes will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the 45405 area. This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin exchange rate with a potential target at 38455. Confirmation of the rise in the price of the asset will be a breakdown of the resistance area with the price fixing above the level of 51565.
Bitcoin Forecast and Analysis BTC/USD September 1, 2021 suggests an attempt to test the support level near the area of 47355. And further, the cryptocurrency will continue to grow with a potential target at 53505. An additional signal in favor of the Bitcoin rate rise will be a test of the support line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 45405 area. This will indicate a continued decline with a potential target below the 38455 area.
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