Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Binance Coin – European Wrap 2 September

Bitcoin Weekly Forecast: BTC bears eye $17,500s if buyers do not step in here

Bitcoin price shows an ongoing consolidation as it hovers at the same level for the past six days with no signs of directional bias. A breakout from this tightening range could result in a bearish move that eyes a sweep of the sell-stop liquidity below recent lows.


BTC/USDT 1-day chart

Ethereum price turns into a battlefield with bulls trying to push higher

Ethereum (ETH) price is attempting to crack above a major moving average that, if it gives way, could open the door to a 20% rally back up to the August highs at $2000, with along the way $1,688 and $1,928 as good handles along the way to book some gains. If bulls can close above the MA by this evening it will give the green light for a jump higher; a close below, however, could trigger a fade lower towards supportive levels as September finally starts to get underway.


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