The BTC/USD quotes are trading at 25935 and continue to move within the correction and bearish channel. The capitalization of the Bitcoin cryptocurrency at the time of publication of the forecast is $508,690,326,885. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, September 14, 2023, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the 26605 area. From where we should again expect a downward rebound and an attempt to continue the fall of the Bitcoin rate with a target below the 22565 area.
Bitcoin Forecast for September 14, 2023
An additional signal in favor of a fall in BTC/USD quotes will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of this option will be a rebound from the upper border of the bearish channel. Cancellation of the option of a fall in the coin exchange rate and the value of Bitcoin will be a strong increase in the value of the asset and a breakdown of the area of 28455. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at the level of 32805. Confirmation of the fall in the price of the asset will be a breakdown of the support area with the price consolidating below the level of 24165 .
Bitcoin Forecast for September 14, 2023 assumes an attempt to test the resistance level near the area of 26605. And then, a continuation of the fall of the cryptocurrency with a potential target at the level of 22565. An additional signal in favor of a decrease in the Bitcoin rate will be a test of the resistance line on the relative strength index (RSI). Cancellation of the digital currency fall option will be a breakdown of the 28455 area. This will indicate continued growth of the coin with a potential target above the 32805 area.
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