Bitcoin (BTC) Price Prediction for August 19 – U.Today

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The majority of the cryptocurrencies are rising in the present day, in accordance with CoinStats.

Top cash by CoinStats

BTC/USD

The value of Bitcoin (BTC) has risen by 0.35% over the previous day.

Image by TradingView

On the hourly chart, the speed of BTC has made a false breakout of the shaped assist stage of $114,871. Most of the every day ATR has been handed, which implies there are low probabilities of seeing elevated volatility by tomorrow.

Image by TradingView

On the longer timeframe, the worth of the primary crypto has bounced off yesterday’s bar low at $114,706. 

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If it breaks out, the autumn is prone to proceed to the $112,000-$113,000 zone.

Image by TradingView

From the midterm perspective, the state of affairs is relatively extra bearish than bullish as the speed of BTC is falling after the earlier bearish bar’s closure. If bulls can not seize the initiative quickly, one can anticipate a take a look at of the assist stage quickly.

Bitcoin is buying and selling at $115,599 at press time. 

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