BTC/USD are trading at 10625 and continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $197 495 796 643. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 25, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and a test of the support level near the area of 10085. Where can we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with a target above the area of 12015.
Bitcoin Forecast and Analysis BTC/USD September 25, 2020
An additional signal in favor of the growth of BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound of the upper border of the descending channel. Cancellation of the option to raise the rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the 9505 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 8725. With the breakdown of the resistance area and closing of cryptocurrency quotes above the level of 11655, we should expect confirmation of the rate growth digital asset.
Bitcoin Forecast and Analysis BTC/USD September 25, 2020 suggests an attempt to test the support level near the area of 10085. And further, the cryptocurrency will continue to grow with a potential target at 12015. 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 9505 area. This will indicate a continued decline with a potential target below the 8725 area.
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