Bitcoin

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The <a href="https://u.today/ethereum-eth-price-analysis-for-august-30" rel="noopener noreferrer nofollow">market</a> is trading sideways today, according to the CoinMarketCap ranking. 
<img data-entity-type="file" data-entity-uuid="8974fa99-e9d5-42c3-9cfa-2e431ca60973" src="https://u.today/sites/default/files/inline-images/top10_624.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 dir="ltr" id="btc-usd">BTC/USD</h2> 
The rate of Bitcoin (BTC) has fallen by 0.63% over the last 24 hours. 
<img data-entity-type="file" data-entity-uuid="b7904e88-af1b-4475-bfe7-7a0005fea08f" src="https://u.today/sites/default/files/inline-images/btc1_130.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily chart, the price of Bitcoin (BTC) is trading sideways, between the support at $26,950 and the resistance of $27,493. There are low chances to see any sharp moves today, as most of the ATR has been passed. 
In this case, consolidation in the range of $21,100-$21,300 is the more likely scenario until tomorrow. 
<img data-entity-type="file" data-entity-uuid="4af5716e-6d6c-4bd4-84c8-93f628ef7988" src="https://u.today/sites/default/files/inline-images/btc2_115.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
A similar situation can be seen on the daily time frame, as the rate is far from main levels. However, until the price is above the support level of $26,818, buyers have the chance to move upward. Such a scenario is relevant until mid-September. 
<img data-entity-type="file" data-entity-uuid="96e4e46e-23e7-46c9-a220-b8a5db9ba0a1" src="https://u.today/sites/default/files/inline-images/btc3_113.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, one should pay attention to the nearest level of $26,806. If the weekly bar closes above it, traders are likely to see growth to the $27,500-$28,000 zone soon. 
Bitcoin is trading at $27,182 at press time.

Bitcoin (BTC) Price Analysis for August 31

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