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According to CoinMarketCap, buyers were unable to maintain their lead through the weekend.
BTC/USD
Bitcoin (BTC) rates have increased by 0.39% since yesterday. Over the past week, the price has increased by 10.60%.
Despite today’s slight upside, BTC price is testing the local support at $59,903. If a breakout occurs, it could lead to an ongoing correction towards the $59,500 zone.
On larger time frames, attention should be focused on the nearest level, $60,670.
Related
While the rate remains below that, traders may witness a correction towards the $59,000 range within the next few days.
From a medium-term perspective, the weekly candle is trying to close in the green zone. However, a further upswing is unlikely as not enough energy has been accumulated yet. Overall, a sideways trade in the $58,000-$61,000 area is the more likely scenario.
At the time of writing, Bitcoin was trading at $60,163.
https://u.today/bitcoin-btc-price-prediction-for-september-15
