Bitcoin (BTC) Daily Price Forecast – 6 August

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<img class = "aligncenter wp-image-52293 size-full" src = "https: //3mgj4y44nc15fnv8d303d8zb-wpengine.netdna-ssl .com / wp-content / uploads / 2018/07 / cryptocurrency-webinar.jpg "alt =" cryptocurrency-event-2018 [19659003] Mid-term trend BTC / USD: bearish resistance levels

: $ 7,100, $ 7,200, $ 7,300
Levels of support: $ 6,900, $ 6,800, $ 6,700

Last week the price of Bitcoin was falling and later on lateral trend after its inability to break the $ 8,400 price level. The break of the $ 8.400 price level would have seen the cryptocurrency reach the highs of $ 9,000 and $ 10,000. Today, the price of BTC is in a sideways trend at a price of $ 7, 116.46.

The price should increase because it is in the previous support zone, where the price has had a bullish trend, all via the MACD line and the signal line are below the zero line indicating a sales signal. the 12-day EMA and the 26-day EMA indicating the downward trend is underway. The period relating to the strength index 14 is level 35 which indicates that the market is oversold which suggests that the bulls take control of the market.

Short-term trend BTC / USD: uptrend

hourly chart, the price of Bitcoin is in a lateral trend. The MACD line and the signal line are below the zero line indicating a sales signal. However, Bitcoin price bars are below the exponential moving averages indicating that the price of Bitcoin has declined.

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

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