BTC/USD are trading at 45624 and continue to move as part of the fall and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $847,953,469,622. Moving averages indicate a short-term bullish trend for Bitcoin. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 21, 2021, we should expect an attempt to develop a growth in the value of a digital asset and a test of the resistance level near the 47805 area. Where again should we expect a rebound and an attempt to drop the Bitcoin rate with a target below the 36025 area.
Bitcoin Forecast and Analysis BTC/USD September 21, 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 fall in the rate and value of Bitcoin will be a strong increase in the value of the asset and a breakdown of the area of 51655. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at 55045. Confirmation of the fall in the price of the asset will be a breakdown of the support area with the price fixing below 41505.
Bitcoin Forecast and Analysis BTC/USD September 21, 2021 suggests an attempt to test the resistance level near the 47805 area. And further, the cryptocurrency will continue to fall with a potential target at 36025. 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 51655 area. This will indicate a continued rise with a potential target above the 55045 area.
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