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

Crypto bank, SEBA, to make $95 million in fundraising event

Swiss crypto bank, SEBA, barely a year into existence is planning to raise $95 million in additional funds. As...

Bithumb tax bill: Company heads to court, wants fine nullified

Major South Korean crypto exchange firm, Bithumb, wants tax tribunal to nullify the $69 million fine imposed by...

Russia gets crypto boost with appointment of new Prime Minister

The new Russian prime minister, Mikhail Mishustin, known to be a crypto enthusiast, has called on the country to prioritize the development...

BTC at $9,036 representing over 3% increase in the past 24 hours

Ahead of Bitcoin halving event to hold in May, BTC has continued to rise in 2020. The most recent surge Bitcoin experienced...

Binance, TaoTao, Yahoo partner to provide improved crypto services in Japan

Global crypto wallet platform, Binance has partnered the crypto trading platform TaoTao and SoftBank subsidiary Yahoo, all in...