Cryptocurrency Bitcoin is traded at 20269 continues to move in the framework of a slight bull correction and bear canal. BTC/USD quotes are located below the lower boundary of the ICHIMOKU Kinko HYO indicator cloud. This implies the presence of a short-term bearish trend in a digital asset. As part of the prediction of the bitcoin course for September 2, 2022. It is expected to develop the value of the asset value and the upper boundary of the Ishimoku indicator cloud near the level of 20905. Where to expect a bouncer and an attempt to continue the Bitcoin cryptocurrency with a potential goal at 17505.
Bitcoin Forecast and Analysis September 2, 2022
An additional signal in favor of reducing the cryptocurrency BTC/USD will be the resistance area on the coin price schedule. The second signal will be the rebound from the upper boundary of the bull channel. Previously, a strong signal for Bitcoin cryptocurrency sales was received. The signal was formed due to the intersection of signal lines at the level of 20805. The nearest resistance area by BTC/USD on the graph is located at 21055. The Bitcoin support area is located at 19105.
The cancellation of this option of falling the value of the Bitcoin digital asset tomorrow will be a strong growth and breakdown of the upper boundary of the Ishimoku indicator cloud with the closure of the quotes above 22305. This option will indicate a change in a bear’s trend in favor of a bull tendency and continue the growth of the Bitcoin exchange rate for the US dollar on September 1, 2022. To expect an acceleration of the fall of the BTC/USD quotations with a breakdown of the support area and closing the price under a level of 19005.
Bitcoin Forecast and Analysis September 2, 2022 implies an attempt to develop cryptocurrency correction and a test level of resistance near the area 20905. Where it is worth considering the continuation of the Bitcoin course with a potential target near the level of 17505. The cancellation of the decrease option will be a strong increase in the cost of the asset and The breakdown of the region is 22305. This will indicate a continuation of the rise with a potential goal near the level of 24855.
