BTC and ETH Price Analysis for September 23


Not all coins could keep yesterday’s sharp growth as some cryptocurrencies have come back to the bearish zone.

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BTC/USD

Bitcoin (BTC) is one of the biggest losers with a decline of 1.47% over the past 24 hours.

BTC/USD chart by TradingView

Despite the drop, the fall may continue as the price is on the way to the support level at $18,271 after a false breakout. This means that sellers tend to be more powerful than buyers.

If bulls cannot seize the initiative in the near future, there are chances to see a sharp decrease to the closest level at $17,592 by the end of the current month.

Bitcoin is trading at $18,635 at press time.

Related:  Bitcoin Cash Analysis: Bulls Aim Upside Break above $120

ETH/USD

Ethereum (ETH) is looking better than Bitcoin (BTC) as the price has changed since yesterday by +0.49%.

ETH/USD chart by TradingView

Ethereum (ETH) could not keep the rise going after yesterday’s bullish candle, which means it is too early to think about a midterm rise. If the bar closes near the $1,230 mark, one can expect a sharp price drop to the zone around $1,000 as enough power has been accumulated for that.

Ethereum is trading at $1,285 at press time.


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