Bitcoin forecast for August 9, 2018, BTC/USD exchange rate analysis

The Bitcoin to 09.08.2018 is written in the quotes cryptocurrency 6300.

Quotes Bitcoin has dropped below the level that we had anticipated (6600). However, until the level of 6000 is broken, the trend on the daily chart of Bitcoin can not be considered a downtrend.

Bitcoin quotes are below the Ichimoku Kinko Hyo cloud, which confirms the downward movement of the cryptocurrency pair. Signal lines of the indicator also look down. The red fast signal line crossed the blue slow line from top to bottom at the end of July.

Bitcoin forecast for August 9, 2018, BTC/USD exchange rate analysis

The support level for Bitcoin is 6080. This is the previous level, a month ago. The support level is the upper limit of the downlink-6800.

We expect the Bitcoin rate to continue falling. However, before that, a short-term pullback is possible at the resistance level of 6800. The target of the downward movement will be the level below 5800.

Thus, the forecast of the Bitcoin exchange rate on August 9 suggests a drop in the Bitcoin exchange rate in the region of 5800. However, before this, it is possible to roll back to the resistance level of 6800.

EnglishRussian