Cryptocurrency Bitcoin is trading at the level of 20350 and continues to move as part of a correction and a bullish channel. BTC/USD quotes are located above the upper border of the Cloud of the Ichimoku Kinko Hyo indicator. This suggests a short-term bullish trend for the digital asset. As part of the Bitcoin price forecast for September 15, 2022. It is expected to develop a correction in the value of the asset and test the area of the Ichimoku indicator signal lines near the level of 20165. Where can we expect a rebound and an attempt to continue the growth of the Bitcoin cryptocurrency with a potential target at the level of 22905.
Bitcoin Forecast and Analysis September 15, 2022
An additional signal in favor of the rise of the BTC/USD cryptocurrency will be a test of the support area on the coin price chart. The second signal will be a rebound from the lower border of the bullish channel. Earlier, a weak signal was received for the sale of the Bitcoin cryptocurrency. The signal was formed due to the crossing of the signal lines at the level of 21405. The nearest resistance area for BTC/USD on the chart is at the level of 22805. The support area for Bitcoin is at the level of 19855.
The cancellation of this option for the growth in the value of the digital asset Bitcoin tomorrow will be the fall and the breakdown of the lower border of the Ichimoku indicator Cloud with the closing of quotes below the level of 19205. This option will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall in the Bitcoin exchange rate against the US Dollar on September 15, 2022. Expect the acceleration of the growth of BTC/USD quotes stands with the breakdown of the resistance area and the closing of the price above the level of 21605.
Bitcoin Forecast and Analysis September 15, 2022 suggests an attempt to develop a cryptocurrency correction and a test of the support level near the area of 20165. Where should one consider the continued growth of the Bitcoin rate with a potential target near the level of 22905. Cancellation of the rise option will be a fall in the value of the asset and a breakdown area of 19205. This will indicate a continuation of the decline with a potential target near the level of 17455.