Bitcoin BTC/USD is ending the trading week at 65370 and continues to move within the framework of growth and a bearish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of asset quotes growth. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near 58275. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above 76465.
Bitcoin Forecast and Analysis September 30 — October 4, 2024
An additional signal in favor of BTC/USD quotes growth in the current trading week from September 30 to October 4, 2024 will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the broken support line on the relative strength indicator (RSI). The cancellation of the Bitcoin fall option will be a fall and a breakout of the 49205 area. This will indicate a breakout of the support area and a continuation of the fall of BTC/USD quotes with a potential target below the level of 45045. Confirmation of the development of the bullish movement will be a breakout of the resistance area and closing of quotes above the level of 68505, which will indicate a breakout of the upper border of the descending correction channel.
Bitcoin Forecast and Analysis September 30 — October 4, 2024 suggests an attempt to the support area near the level of 58275. Then, the continuation of the growth of the cryptocurrency to the area above the level of 76465. An additional signal in favor of the rise in the Bitcoin rate this trading week will be a test of the trend line on the relative strength indicator. The cancellation of the growth option of Bitcoin cryptocurrency quotes will be a fall and a breakout of the 49205 area. In this case, we should expect a continuation of the decline with a target at the level of 45045.
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