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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Bitcoin price: BTC fell back again, trading below $ 36,000 again

Bitcoin (BTC) closes the week with a new low of more than 10%, which pushed its price back below $ 36,000.

Bitcoin Core developers release version 0.21.0 of the software

The developers of Bitcoin Core have just announced the release of version 0.21.0 of the software. Result of...

Shopify employees allegedly behind Ledger’s database hack

In a blog post today, hardware wallet designer Ledger returned to his customer database breach in July 2020 where two employees of...

Bitcoin: New Correction Before Q1 Ends

Alex Mashinsky, CEO of Celsius, assured that the price suffered a decline yesterday in the crypto market. In general comes as...

A New York pub sells for Bitcoin

Two New York pubs are closing their doors and their owner announced that he will sell the trade in cryptocurrencies. Patrick Hughes,...