Bitcoin

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The situation has almost not changed on the <a href="https://u.today/binance-coin-bnb-price-analysis-for-september-9" rel="noopener noreferrer nofollow">cryptocurrency market</a> as most of the coins remain in the red zone. 
<img data-entity-type="file" data-entity-uuid="a20f7e2f-d027-44ae-aa1d-eeb3fc612ba0" src="https://u.today/sites/default/files/inline-images/top10_647.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 0.29% over the last 24 hours. 
<img data-entity-type="file" data-entity-uuid="eaf1e59b-91d8-4a51-8e35-9d34f3d53fd9" src="https://u.today/sites/default/files/inline-images/btc1_133.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 returning to the recently formed support level of $25,755. If the situation does not change, the breakout may lead to a blast to the $25,700 zone soon. 
<img data-entity-type="file" data-entity-uuid="4e662a5f-3bec-44a8-a204-959e0131df91" src="https://u.today/sites/default/files/inline-images/btc2_118.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
Today's candle is about to close below the previous bar low on the daily time frame. If that happens, there is a high chance to see a continued decline to the nearest support level of $25,350. Such a scenario is relevant until the end of the upcoming week. 
<img data-entity-type="file" data-entity-uuid="160907a9-d524-4724-a2c7-3686e7b892d1" src="https://u.today/sites/default/files/inline-images/btc3_116.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
The situation is a little bit better on the weekly chart as the price of Bitcoin might have found the support level of $25,350. However, it is too early to think about a reversal as the rate has not accumulated enough energy for that yet. 
In this case, the more likely scenario is sideways trading in the area of $25,500-$26,500 for the next couple of days. 
Bitcoin is trading at $25,783 at press time.

Bitcoin (BTC) Price Analysis for September 10

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