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Bitcoin (BTC) Price Prediction for September 27

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Fri, 27/09/2024 - 15:53
Bitcoin (BTC) Price Prediction for September 27
Cover image via U.Today

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Buyers keep holding the initiative at the end of the week, according to CoinStats.

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BTC chart by CoinStats

BTC/USD

The price of Bitcoin (BTC) has increased by 2% since yesterday.

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Image by TradingView

Despite today's rise, the rate of BTC keeps looking bullish on the hourly chart. If the candle closes near the $65,781 level or above, growth may continue to the $66,000 zone.

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Image by TradingView

On the bigger time frame, traders should focus on the bar's closure in terms of yesterday's peak. If it happens far from it, traders may witness a correction to the $65,000 range on the weekend.

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Image by TradingView

On the weekly chart, the rate of BTC is in the middle of the wide channel. 

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If the candle closes around current prices, sideways trading in the zone of $65,000-$70,000 is the most likely scenario.

Bitcoin is trading at $65,781 at press time.

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