On Monday, August 30, at the end of the day, bitcoin fell by 3.66% to $46982. Against the background of the general weakening of the dollar and the growth of American stock indices, buyers tried to raise the price, and they even managed to get to $48696, but by the close of the day, sellers were in the majority and updated the minimum by $46853. This local downtrend originated a week ago, but it is moving slowly, with stops at local peaks, so the hope for the formation of an uptrend remains.
Altcoins are now putting some pressure on bitcoin, which are strengthening against BTC and the dollar
The share of bitcoin fell to 42.59%. Ether updated the maximum by $3442, having risen in price by 8.8% in three days, to 0.0716. Yesterday, the ether grew by 6.3%, but by the close of the day it followed the example of bitcoin and fell by 4.75%. Such swings speak of the extreme uncertainty of market participants as a whole, and to reverse the trend, fresh blood is needed in the ranks of sellers, who will strengthen the bullish trend with their mass.
At the time of writing the review, bitcoin is worth $47,873. Sellers are already ready to push the price down again, so buyers need to defend themselves more actively and close the day above $48800. The resistance is at $48500. For today, the forecast of bitcoin growth to $48,600 and ether growth to $3,500 is maintained.