Jump to content
Advertise your business on Top Gold Forum today for as low as $100 per month. Contact us.
Sign in to follow this  
Cryptoglobe

BitcoinExchangeGuide Coins Update

Recommended Posts

Bitcoin (BTC) Daily Price Forecast – June 4

 

BTC/USD Medium-term Trend: Bullish

Resistance: $8,000, 8,500, $9,000
Support: $7,000, $6,500, $6,000
Last week price of Bitcoin was in a bearish market. The asset fluctuates below and above the price of $7,500. In other words, it fluctuates between the levels of $7,613 and $7,303. However, if the asset traded above the price of $7,500 it would be resisted at $ 7,613. Similarly, if the asset traded below the price of $7,500, it would fall to the low of $7,303.

Today, Bitcoin is currently trading at $7,697.52 and has broken the resistance level attempting to reach the high of $8,000. However, from the 4- hour chart, the price of Bitcoin has broken the trend line and the candlestick closed on the opposite of the trend line. The implication of this movement is that the bearish pressure of the asset might have ended. However, the 20-day moving average is above the 50-day moving average indicating that price of Bitcoin is rising.

 

BTC/USD Short-term Trend: Bullish

On the hourly chart, the price of Bitcoin is in a bullish market. Price of the asset fell to the low of $7,039.41 and commenced a bullish movement. A trend line is drawn showing the support levels of price of the asset where traders can place their long trades.

 

 

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

https://bitcoinexchangeguide.com

 

Share this post


Link to post
Share on other sites

Litecoin (LTC) Daily Price Forecast – June 11

 

LTC/USD Medium-term Trend: Ranging

Resistance: $108, $109, $110
Support:$106, $105, $104

Last week, price of Litecoin was also in a ranging market. Price of the asset was fluctuating between the levels of $119 and $123. However, it was suggested that if the asset fell to its previous low at $115, traders should initiate long trades. Litecoin is presently trading at $107.75 as at the time of writing.

However, from the 4-hour chart , the asset has fallen to the low of $104.75 . This was the previous low of the asset, and price has commenced a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal . Also, 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing.

 

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a bearish trend. Price of the asset has fallen to the low of $102.77 but has commenced a bullish movement. The MACD line and the signal line are deep below the zero line indicating a sell signal. If the bearish pressure continued the support levels would be breached.

 

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

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – June 14

 

BTC/USD Medium-term Trend: Bearish

 

Resistance Levels: $6,600, $6,700, $6,800
Support levels: $6,300, $6,200, $6,100

 

Yesterday, June 13, price of Bitcoin is still in a downtrend. There are indications that price of Bitcoin might fall and reach the lows of $6,000 or $6,500. The asset fell to the low of $6,225.04 as at yesterday. Today, price of  Bitcoin is making some bullish movement, and the price has appreciated to the high of $6,406.32. Now from the MACD indicator, the MACD line and the signal line are below the zero line indicating that the price is still falling.

 

The 12-day EMA and the 26-day EMA are above the price bars of Bitcoin indicating that bearish trend is still ongoing. Meanwhile, the relative index period 14 is level 33 indicates that the market is oversold suggesting bulls to take control of the market.

 

 

BTC/USD Short-term Trend: Bearish

 

On the hourly chart, price of Bitcoin is still in a downtrend. From the chart, the MACD line and the signal line are still below the zero line indicating a sell signal. The 12-day EMA and 26-day EMA are neither above nor below the price bars of the asset indicating a neutral signal. The moving averages are at par with the price bars.

 

 

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

Share this post


Link to post
Share on other sites

Ethereum (ETH) Daily Price Forecast – June 18

 

ETH/USD Medium-term Trend: Bearish

 

Resistance Levels : $500, $505, $510
Support Levels: $485, $480, $475

 

Price of ETH/USD pair was also in a bearish trend. The asset was trading at $520.92 and later fell the low of $460.78. From the 4-hour chart, price touched the lower Bollinger band and also at the second low. This gives the asset a buy signal. Nevertheless, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

 

In addition, the 12-day EMA and the 26-day EMA are neither below nor above the price of the asset indicating a neutral signal. However, from the price action, the asset had been in a range bound movement.Meanwhile, the relative strength index period 14 is level 45 indicates that price is in the range bound zone.

 

 

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line indicating a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of the asset which indicates that the bearish trend is ongoing.

 

 

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

Share this post


Link to post
Share on other sites

Litecoin (LTC) Daily Price Forecast – June 21

 

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday, June 20, price of Litecoin was in a sideways trend but closed trading at a price of $97.60. Price reached the top of the upper band of the Bollinger Bands and it fell. Bollinger Bands acts as a resistance  and a support in the market. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, price of the cryptoasset is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging. The relative strength index period 14 is level 50 indicates that price of Litecoin is in the range bound zone. The price of a cryptoasset is likely to continue its range bound movement between the levels of $100 and $90.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin rose and reached the upper band of the Bollinger Bands. Bollinger Bands acted as a resistance to the price and it fell. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.

 

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

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – June 25

 

BTC/USD Medium-term Trend: Bearish

 

Resistance Levels: $6,200, $6,300, $6,400
Support levels: $6,000, $5,900, $5,800

 

Last week, price of Bitcoin had been in a bearish trend. The cryptoasset fell from $6,637.59 to the low of $6,178.09. The 26-day EMA and the 12-day EMA are also trending southward. Today, the cryptoasset is now in a sideways trend after the bearish movement last week.

 

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The 26-day EMA and the 12-day EMA are above the price bars of Bitcoin which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 44 which indicates that price of Bitcoin is in the range bound zone.

 

 

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the bulls took control of the market from the bears and brought price above the $6,000 price level. At the $6,000 price level, the market is now in a sideways trend.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Bitcoin are above the 12-day EMA and the 26-day EMA which indicates that the bullish 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.

Share this post


Link to post
Share on other sites

Ethereum (ETH) Daily Price Forecast – June 28

 

ETH/USD Medium-term Trend: Bearish

 

Resistance Levels : $440, $445, $450
Support Levels: $430, $425, $420

Yesterday, June 27, price of Ethereum was on a downward trend. Today, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing.Yesterday, the bulls had resisted the bears at the price of $420, that was why price was in a sideways trend.

The cryptoasset had been ranging between the levels of $460 and $420 since price fell to the low of $420. However, if that level at $420 had been broken, the cryptoasset would find support at $380.The relative strength index period 14 is level 38 which indicates that the market is nearing the oversold market condition suggesting bulls to take control of the market.

 

ETH/USD Short-term Trend: Bullish

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

 

 

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

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – July 2

 

BTC/USD Medium-term Trend: Bullish

 

Resistance Levels: $6,400, $6,500, $6,600
Support levels: $6,200, $6,100, $6,000

 

Last week the BTC/USD pair was trading above $6,000 price level all through the week. For instance, last Monday, price of Bitcoin was $6,244.12, then it fell to the low of $5,893.51. The cryptoasset made another bullish movement and brought price to the high of $6,355.80 on June 30. Today, price of Bitcoin is currently trading above the $6,000 price level but it is now in a sideways trend.

 

Meanwhile, from the 4-hour chart, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 59 which indicates that price of the cryptoasset is in the sideways trend zone.

 

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, price of Bitcoin is in a sideways trend. From the chart, price of Bitcoin is trending horizontally above the $6,000 price level. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal . Also, the price bars of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways 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.

Share this post


Link to post
Share on other sites

Litecoin (LTC) Daily Price Forecast – July 5

 

LTC/USD Medium-term Trend: Bullish

 

Resistance Levels: $85, $86, $87
Support Levels:$83, $82, $81

 

Yesterday, July 4, price of Litecoin was in a bullish trend. I suggested the use of trend line as a means of determining the support levels of price in a bullish market to initiate long trades. Trend lines can also be used to determine the end of a trend. Nevertheless, as the bearish candlestick retraces to test the trend line; the bullish candlestick moves higher highs to reach other price levels.

 

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 54 which indicates that price of Litecoin is in the sideways trend zone.

 

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the short term trend, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of the cryptoasset is rising as the price bars of Litecoin is above the 12-day EMA and the 26-day EMA.

 

 

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

Share this post


Link to post
Share on other sites

Ethereum (ETH) Daily Price Forecast – July 9

 

ETH/USD Medium-term Trend: Bullish

 

Resistance Levels : $490, $500, $510
Support Levels: $470, $460, $450

 

Last week, price of Ethereum was also in a bullish trend. Price of the cryptocurrency was trading above the $400 price level. That is, it traded from the low of $ 446.56 to the high of $490.58. The cryptocurrency is retracing from the recent high to the trend line. The assumption is that if price retraces from the recent high and tests the trend line, price will resume its bullish movement.

 

Traders should initiate long trades if price tests the trend line and the bearish candlestick closes without breaking it. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price bars of Ethereum are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 58 which indicates that price is in the sideways trend zone.

 

 

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, price of Ethereum is in a bullish trend. The MACD line and the signal line are also above the zero line which indicates a buy signal.

 

 

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

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – July 11

 

BTC/USD Medium-term Trend: Bearish

 

Resistance Levels: $6,400, $6,500, $6,600
Support levels: $6,200, $6,100, $6,000

 

Yesterday, July 10, the price of Bitcoin was in a bearish trend. In the bearish market, the price of Bitcoin was retracing to test the bullish trend line which was later broken to end the previous bullish trend. Today, the cryptocurrency is now in a downward trend. Bitcoin price fell to the previous low of $6,363.39 which was the low where the price was consolidating before the bullish breakout.

 

From the 4-hour chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Bitcoin which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 29 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 price of Bitcoin is in a downward trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Bitcoin which indicates that the 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.

Share this post


Link to post
Share on other sites

Litecoin (LTC) Daily Price Forecast – July 16

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $82, $84, $86
Support Levels: $76, $74, $72

Last week, the price of Litecoin was in a bearish  and a sideways trend. The bearish trend commenced from the high of $83.90 to $75.08. Thereafter, the price went into a sideways trend. Today, the cryptocurrency is in a bullish trend. In a bullish market, traders are to buy low and sell high.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price bars of Litecoin are above the 12-day EMA and the 26-day EMA which indicate that the bullish trend is ongoing. The relative strength index period 14 is level 52 which indicates that price is in the sideways trend zone.

 

 

LTC/USD Short-term Trend: Bullish

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

 

 

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

Share this post


Link to post
Share on other sites

Ethereum (ETH) Daily Price Forecast – July 19

 

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $520, $530, $540
Support Levels: $500, $490, $480

 

Yesterday, July 18th, the price of Ethereum was in a bullish trend. Yesterday, the cryptocurrency reached the high of $506 but price made a pullback to the low of $471.50. The cryptocurrency lost about 6% in yesterday's pullback. The Ethereum price has fallen back to the range bound zone of $480 and $$20.

 

The relative strength index period 14 is level 53  which indicates that price is in the sideways trend zone. The cryptocurrency is likely to fluctuate within the range bound zone. Nevertheless, the MACD line and the signal line are above the zero line which indicate a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates the bullish trend is ongoing.

 

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, price Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicate a sell signal. The 26-day EMA and 12-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing.

 

 

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

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – July 23

 

BTC/USD Medium-term Trend: Bullish

 

Resistance levels: $7,800, $7,900, $8,000
Support levels: $7,400, $7,300, $7,200

 

Last week, the price Bitcoin was in a bullish trend and it reached the high of $7,313.14. Thereafter the cryptocurrency went into a sideways movement and later fell to the low of $7,230.93. On Saturday, July 21st, the price of Bitcoin had another bullish movement that took price to the high of $7,407.54.

 

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 75 which indicates that the market is overbought suggesting bears to take control of the market. Price of Bitcoin will reach the high of $10,000 but will face resistance at the $9,000 price level.

 

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. On July 23, the price of Bitcoin fell to the low $7,363.29. 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 exponential moving averages which indicate that Bitcoin price is rising.

 

 

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

Share this post


Link to post
Share on other sites

Litecoin (LTC) Daily Price Forecast – July 26

LTC/USD Medium-term Trend: Bullish

 

Resistance Levels: $91, $93, $95
Support Levels: $85, $83, $81

Yesterday, July 25th, the price of Litecoin was range bound between the levels $90 and $80. As the LTC price fluctuates traders can trade the key levels of the market. For instance, we ought to have initiated a long trade at the support level where price reached the low of $80.83. and a stop loss below the support level. Then you take your partial profits near the resistance zone.

In the same vein, when the price gets to the resistance level you take a short trade and a stop loss above the resistance level. Then you exit your trade near the support level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is 57 which indicates that price is in the sideways trend zone.

 

LTC/USD Short-term Trend: Ranging

On 1-hour chart, the price of Litecoin was in a sideways trend. On the 1-hour chart, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that the sideways trend is ongoing.

                

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

Share this post


Link to post
Share on other sites

Ethereum (ETH) Daily Price Forecast – July 30

 

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $470, $480, $490
Support Levels: $450, $440, $430

Last week the Ethereum price was already in its sideways trend fluctuating between the  levels of $480 and $440. The ETH price attempted to break the resistance level at $480 without success but the price has fallen to the low of $469.11. Today, the cryptocurrency will still continue its range bound movement. Trading becomes unnecessary because price has no direction.

Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.

 

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, price of Ethereum is in a sideways trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal. The price of Ethereum is neither below nor above the 26-day EMA and the 12-day EMA which indicates that price is in a sideways trend.

 

 

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

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – August 2

 

BTC/USD Medium-term Trend: Bearish

Resistance levels: $7,700, $7,800, $7,900
Support levels: $7,500, $7,400, $7,300

Yesterday, August 1, the Bitcoin price was in a Bearish trend. The bears took price to the low of $7,480.76. Presently Bitcoin price is making a bullish movement from its low. The BTC price is likely be in a sideways trend. However, 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 38 which indicates that the market is oversold suggesting bulls to take control of the market.

 

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the support level of the market. The BTC price is making a bullish movement. The MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a bullish 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.

 

https://bitcoinexchangeguide.com

Share this post


Link to post
Share on other sites

Litecoin (LTC) Daily Price Forecast – August 6

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $75, $76, $77
Support Levels: $70, $69, $68

Last week, the price of Litecoin was in a sideways trend fluctuating between the levels $91 and $74. On August 4th, the LTC price broke the support level at $74. LTC price is out of the range-bound zone. Today, the LTC price has fallen to the low of $72.88 and had commenced a bullish movement. The cryptocurrency is now targeting the previous high of $91.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Litecoin is below the 12-day EMA and the 26-day EMA which indicate that a bearish trend is ongoing. The relative strength index period 14 is level 47 which indicates that price is in the sideways trend zone.

 

 

LTC/USD Short-term Trend: Bullish

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

 

 

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

 

https://bitcoinexchangeguide.com

Share this post


Link to post
Share on other sites

Ethereum (ETH) Daily Price Forecast – August 9

 

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $380, $390, $400
Support Levels: $350, $340, $330

Yesterday, August 8th, the price of Ethereum was in a bearish trend. The ETH price breaks out of the range-bound zone and it fell to the low of $ 354.54 as at yesterday. Now the bulls and the bears move in a sideways trend and neither of them have control over price. If the ETH price falls again, it will fall to the lows of  either $326.42 and $283. Traders are to look out for buy setups in anticipation of a bullish trend.

 

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 21 which indicates that the market is -oversold suggesting bulls to take control of the market.

 

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

 

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

 

Source: www.bitcoinexchangeguide.com 

Share this post


Link to post
Share on other sites

Bitcoin (BTC) Daily Price Forecast – August 13

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.

https://bitcoinexchangeguide.com

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

Sign in to follow this  

×