BTC/USD are trading at 48083 and continue to move as part of the correction and the bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $903,303,898,863. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 17, 2021, we should expect an attempt to develop the growth in the value of a digital asset and a test of the resistance level near the 48765 area. Where again should we expect a rebound and an attempt to drop the Bitcoin rate with a target below the 38765 area.
Bitcoin Forecast and Analysis BTC/USD September 17, 2021
An additional signal in favor of a fall in BTC/USD quotes will be a test of the downward trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the Bitcoin rate and value will be a strong growth in the value of the asset and a breakdown of the 51605 area. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at 55005. Confirmation of the fall in the price of the asset will be a breakdown of the support area with the price fixing below the level of 41655.
Bitcoin Forecast and Analysis BTC/USD September 17, 2021 suggests an attempt to test the resistance level near the 48765 area. And further, the cryptocurrency will continue to fall with a potential target at 38765. An additional signal in favor of the Bitcoin rate decline will be a test of the resistance line on the relative strength index (RSI). Cancellation of the cryptocurrency fall option will be a strong growth and a breakdown of the 51605 area. This will indicate a continued rise with a potential target above the 55005 area.
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