Bitcoin BTC/USD is ending the trading week at 65103 and continues to move within a developing correction and descending channel. Moving averages indicate a bearish trend. Prices have broken below the signal lines, indicating downward pressure from asset sellers and a potential further decline in BTCUSD. At this point, we should expect an attempt at a bullish correction in the coin’s price and a test of the resistance area near 69505. From there, we should expect another downward rebound and continued decline in the Bitcoin price, with a potential target below 41505.
Bitcoin Forecast BTC/USD August 10 – 14, 2026
An additional signal favoring a decline in BTC/USD quotes during the current trading week (August 10-14, 2026) will be a rebound from the upper boundary of the descending channel. A second signal will be a rebound from the descending resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 77205 will cancel out the Bitcoin downtrend this trading week. This will indicate a breakout of the resistance area and continued growth in BTC/USD quotes, with a potential target above 85205. A breakout of the support area and a close below 62205 will confirm the development of a bearish movement, indicating a breakout of the lower boundary of the bullish correction channel.
Bitcoin Forecast BTC/USD August 10 – 14, 2026 suggests an attempt to break the resistance level near 69505. Following this, the cryptocurrency will continue to decline below 41505. A test of the trendline on the relative strength indicator (RSI) will be an additional signal of a decline in the Bitcoin price this trading week. A strong rally and a breakout of 77205 would cancel out the downward trend. In this case, a continued rise with a target of 85205 is expected.
