Bitcoin BTC/USD is ending the trading week at 62830 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 65405. From there, we should expect another downward rebound and continued decline in the Bitcoin price, with a potential target below 40505.
Bitcoin Forecast BTC/USD August 17 – 21, 2026
An additional signal favoring a decline in BTC/USD quotes during the current trading week (August 17-21, 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 75605 will cancel out the possibility of a decline in Bitcoin this trading week. This will indicate a breakout of the resistance area and continued growth in BTC/USD quotes, with a potential target above 82505. A breakout of the support area and a close below 53065 will confirm the development of a bearish move, indicating a breakout of the key support level.
Bitcoin Forecast BTC/USD August 17 – 21, 2026 suggests an attempt to break the resistance level near 65405. Following this, the cryptocurrency will continue to decline below 40505. 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 75605 will likely cancel out this downward trend. In this case, a continued rise with a target of 82505 is expected.
