FX.co ★ Bitcoin/BTCUSD forecasts

BITCOIN TODAY SATURDAY,26/09/2026 Good morning fellow traders. This morning I will analyze the movement and create a trading plan on Bitcoin. Based on the Bitcoin chart on the H4 time frame, below is the analysis and projection of price movement using moving average indicators (MA100&200), RSI (12) as well as support and resistance. Moving Average Analysis (MA100 & 200) Price Position Relative to MA: The MA line in blue (faster period/100) and the red line (slower period/200) are observed rising below the current price movement. Trend: The price being above both Moving Average lines indicates that the medium to long-term trend remains bullish (up). Dynamic Support: These two MA lines act as dynamic support areas. If the price corrects downward in the short term, the area around these MA lines could halt further price declines. Relative Strength Index / RSI (12) Analysis Current Value: The RSI (12) indicator is at 45.15, which is slightly below the midpoint (level 50). Momentum: A reading around 45 shows that market momentum is currently in a neutral phase tending to weaken slightly (short-term bearish momentum), where selling and buying pressure are relatively balanced but sellers have slightly dominated in recent candles. Potential: Since it has not reached the oversold area (below 30) or overbought area (above 70), RSI (12) leaves plenty of room for the price to move in either direction depending on the price's response to the nearest support or resistance levels. Support and Resistance Analysis Nearest Resistance Level: The nearest resistance is around the range 87,624.80 to 90,783.73. If the price can break through this resistance area with strong volume, there is an opportunity for Bitcoin to continue its upward trend toward higher targets. Nearest Support Level: The nearest support is around the level 82,048.27. Stronger support is around the area 75,023.05 which is also close to the lane of the Moving Average indicator.

Projected Next Moves Bullish Scenario (Continued Upside): As long as the price holds above the crucial support area and the Moving Average lines, Bitcoin has a chance to bounce back to test the resistance level in the range 87,624.80 to 90,783.73. Bearish Scenario (Correction): If the price fails to hold above its nearest support and RSI continues to drop, it is possible the price will undergo a healthy correction first, testing lower support areas or the MA line around the level 75,023.05 before determining the next trend direction. Trading Plan Plan Buy (Long) - Following the Main Trend (Bullish Trend) Entry Conditions (Entry): Enter buy if the price bounces from the nearest support area around 82,048.27. Or wait for confirmation when the price approaches the dynamic Moving Average support lines (blue/red) if a healthy correction occurs. Profit Target (Take Profit): Target 1: 87,624.80. Target 2: 90,783.73 (upper resistance area). Stop Loss (Stop Loss): Place stop loss a few pips below the strong support level or below the Moving Average line (below the area 75,023.05 or the lower boundary of consolidation) to anticipate a deeper trend reversal. Plan Sell (Short) - Short-term Correction Entry Conditions (Entry): A short sell option (scalping/day trading) can be considered if the price fails to penetrate the strong resistance area around 87,624.80 with indications of RSI (12) momentum weakening again. Profit Target (Take Profit): Aim for the nearest support area around 82,048.27 or the dynamic MA support boundary. Stop Loss (Stop Loss): Place a tight stop loss above the resistance level 90,783.73 to avoid the risk of a false breakout (fakeout). This concludes the analysis and trading plan for Bitcoin going forward. This technical analysis is based on the probability of historical chart data and is not an absolute certainty. Always apply risk management in every trading decision you make.