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BTC, ETH and BNB Price Analysis for September 25

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Mon, 25/09/2023 - 18:00
BTC, ETH and BNB Price Analysis for September 25
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Bulls could not hold the initiative for long, according to CoinStats.

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Top coins by CoinStats

BTC/USD

The price of Bitcoin (BTC) has fallen by 1.43% since yesterday.

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Image by TradingView

On the daily time frame, the price of Bitcoin (BTC) is in the middle of the wide channel, accumulating energy for a further move. At the moment, there are low chances to expect any shapely moves. 

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All in all, ongoing sideways trading in the area of $26,000-$27,000 is the more likely scenario for the next few days.

Bitcoin is trading at $26,254 at press time.

ETH/USD

Ethereum (ETH) has lost less than Bitcoin (BTC), going down by 0.82%.

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The price of Ethereum (ETH) has once again made a false breakout of the support level of $1,571. If today's bar closes far from that mark, buyers might seize the initiative that can lead to a short-term rise to the $1,650 area soon.

Ethereum is trading at $1,583 at press time.

BNB/USD

Binance Coin (BNB) is not an exception to the rule, falling by 0.77%.

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The price of BNB remains more bearish than bullish as the rate is not far from the support of $203.4. If the drop continues, the bar closure near the mentioned mark might be a prerequisite for a blast to the zone of $200 and below.

BNB is trading at $209.3 at press time.

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