Bitcoin news and forecast for September 16, 2023

According to the data, the price of Bitcoin rose 0.87% to $26,569 and added 1.24% over the week.

The market capitalization of the world's largest cryptocurrency rose 1.46% to $519.22 billion.Bitcoin's outlook is moderately optimistic.

However, although Bitcoin's price is showing signs of upward strength, the overall trend on the price chart remains bearish as long as the price remains below the $29,500 resistance level.

Unless this trend changes, a significant upward movement of Bitcoin is unlikely.