Bitcoin BTC/USD ends the trading week at 10944 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from 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 9565. Where can we again expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 14255.
Bitcoin Forecast and Analysis September 21 — 25, 2020
An additional signal in favor of the growth of BTC/USD quotes in the current trading week of September 21 — 25, 2020 will be a rebound from the lower border of the ascending 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 8155 area. This will indicate a breakdown of the support area and a continued fall in BTC/USD quotes with a potential target below 6255. Confirmation of the development of an upward trend will be a breakdown of the resistance area and closing of quotations above 12705.
Bitcoin Forecast and Analysis September 21 — 25, 2020 suggests an attempt at a support area near the level of 9565. Then, the cryptocurrency will continue to grow to the area above the level of 14255. An additional signal in favor of an increase in the Bitcoin exchange rate in the current trading week will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option for Bitcoin cryptocurrency quotes will be a fall and a breakdown of the 8155 area. In this case, we should expect a continuation of the fall with the target at 6255.
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