Bitcoin (BTC) Daily Price Forecast – August 13

2018-8-13 12:55

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,500, $6,600, $6,700
Support levels: $6,100, $6,000, $5,900

Last week the overall trend of Bitcoin was bearish. The price of Bitcoin was above the $7,000 price level. The bears broke the $7,000 price level and were approaching the $6,000 price level. The assumption last week was that price is not likely to break the support level at $6,000. One of the reasons is that the level had not been broken since November 2017. On August 11, price tested the level at a price of $6,081.80 and pulled back.

Today, the BTC price is in a bullish trend at a price of $6,462.78 as at the time of writing. The BTC price is getting stronger as the bears were to defend the $6,000 price level. Traders are looking out for buy setups to initiate long trades. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 54 which indicates that price is in a sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin (BTC) на Currencies.ru

$ 78145.27 (-0.13%)
Объем 24H $43.198b
Изменеия 24h: 0.17 %, 7d: 4.29 %
Cегодня L: $77600.59 - H: $78827.68
Капитализация $1564.436b Rank 1
Цена в час новости $ 6500.58 (1102.13%)

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