Bitcoin (BTC) Daily Price Forecast – August 14

2018-8-14 10:11

BTC/USD Medium-term Trend: Bearish

Resistance levels: $6,000, $6,100, $6,200
Support levels: $5,800, $5,700, $5,600

Yesterday, August 13, the Bitcoin price was in a sideways trend. On August 11th, after the bulls defended the $6,000 price level, the cryptocurrency moved up to the high of $6,46.87 and fell again to the low of $6,266.69. Today, the bears retested the $6,000 price level and the critital support level has been broken.

The price of Bitcoin will be weaker as price may likely fall to the next previous low of $5,500. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 30 which indicates that the market is oversold suggesting bulls to take control of the market.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a sideways trend before its eventual fall in price. The MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicate that a bearish trend is ongoing.

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

$ 68804.96 (-0.08%)
Объем 24H $41.351b
Изменеия 24h: 0.20 %, 7d: -4.04 %
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Фото:

‘We Couldn’t Get Any Foreign Currency’ – Turkey’s Capital Controls Show Why Bitcoin Exists

Turkey introducing capital controls to stem the impact of its currency crisis means traders can “expect” higher Bitcoin prices on local exchanges, a well-known online commentator has suggested. ‘Expect Price Premium’ Tweeting August 13, BambouClub eyed spreads on P2P platform Localbitcoins, forecasting buy and sell asks to increasingly diverge as the country’s economic situation worsens.

2018-8-14 22:00