Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Most of the coins keep in the red zone, according to <a href="https://u.today/ethereum-eth-price-analysis-for-september-3" rel="noopener noreferrer nofollow">CoinStats</a>. 
<img data-entity-type="file" data-entity-uuid="f8f0e8dd-6e9a-4a5e-ad17-72b9850984fb" src="https://u.today/sites/default/files/inline-images/top10_636.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a> 
<h2 dir="ltr" id="btc-usd">BTC/USD</h2> 
The price of Bitcoin (BTC) has declined by 0.06% since yesterday. 
<img data-entity-type="file" data-entity-uuid="0f6295bf-1d88-48bf-93bb-22ca2e0ae51d" src="https://u.today/sites/default/files/inline-images/btc1_131.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of Bitcoin (BTC) is looking bearish as it is on the way to testing the support level of $25,829. If nothing changes, traders are likely to see a blast to the $25,700 zone shortly. 
<img data-entity-type="file" data-entity-uuid="ecb5859c-8987-4485-a16a-304078bdd5e5" src="https://u.today/sites/default/files/inline-images/btc2_116.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. At the moment, one should focus on yesterday's low at $25,807. 
If the candle closes with no long wick, the accumulated energy might be enough for a further drop to the $25,000-$25,500 area soon. 
<img data-entity-type="file" data-entity-uuid="d6644576-fd81-4d09-98c4-490c70faae19" src="https://u.today/sites/default/files/inline-images/btc3_114.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, it is too early to make any predictions as the bar is far from the closure yet. However, if the drop continues to the $25,000 zone, there is a high possibility of expecting a test of the support level of $24,756 within the next days. 
Bitcoin is trading at $25,843 at press time.

Bitcoin (BTC) Price Analysis for September 4

Table of Contents

U_Today

Other articles published on Sep 4, 2023

Near Protocol Price Forecast: Will NEAR Price Break Out Now?

"TOKYO BEAST" - A Crypto Entertainment Game By Renowned Web 3 Companies Announces Launch On Korea...

LPT Price Pops 99% in a Month, Now a Top Gainer – What Needs to Happen for Livepeer to Hit New ATH

How to invest in Web3 – The ultimate guide

Shiba Inu: If Shibarium Burns 100T Tokens, Will It Reach $0.01 Soon?

Bitcoin ETF News: Analyzing the 2023 Approval Odds

Join our free newsletter for daily crypto updates!