Bitcoin

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Bears are trying to seize the initiative at the end of the week, according to <a href="https://u.today/binance-coin-bnb-price-prediction-for-september-21" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="b06aa475-e8a4-474a-94fe-54ea4298c3ba" src="https://u.today/sites/default/files/inline-images/top10_1373.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has dropped by almost 1% since yesterday. Over the last week, the price has risen by 3.91%. <img data-entity-type="file" data-entity-uuid="f23e9a3a-45d8-4a26-b78b-3bfc69dddbd0" src="https://u.today/sites/default/files/inline-images/btc1_224.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC has made a false breakout of the local support level of $62,578. If the daily bar closes far from it, one can expect a bounce back to the $63,000 area. <img data-entity-type="file" data-entity-uuid="5ed7fb34-85aa-4c43-9eb4-830f021e18d8" src="https://u.today/sites/default/files/inline-images/btc2_205.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, buyers have failed to maintain the growth.
If the bar closes around the current prices, the correction may continue to the $61,000-$62,000 range next week. <img data-entity-type="file" data-entity-uuid="0d1defe9-7a51-4338-84f3-038085b8a755" src="https://u.today/sites/default/files/inline-images/btc3_203.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the rate of BTC is far from the key levels. As neither bulls nor bears have seized the initiative yet, ongoing sideways trading in the zone of $60,000-$65,000 is the more likely scenario until the end of the month.
Bitcoin is trading at $62,606 at press time.

Bitcoin (BTC) Price Prediction for September 22

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