Home Price Analysis Market Analysis Cryptocurrencies price prediction: Bitcoin - 27 August

Cryptocurrencies price prediction: Bitcoin – 27 August

On the 5-min BTC/USD chart prices are starting to break lower after a very slow news day. It was noted earlier that when good news like the Telegram story does not inspire a price rally we may be in dangerous territory. 

The Stochastic has turned south into the oversold area with both the K and D lines in negative territory.

The MACD indicator’s histogram has also crossed the mid-line into the red with the faster MA also crossing lower.

From a support point of view, there are now two major levels to watch out for. The 10,100 and 10,000 psychological level. It will be interesting to see if bulls come in to protect Bitcoin.

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