BTC/USD are trading at 23374 and continue to move as part of the development of the fall and left the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $448,204,319,157. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth in the value of the asset already from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, August 18, 2022, we should expect an attempt to develop an increase in the value of a digital asset and a test of the resistance level near the 23955 area. From where we should again expect a rebound down and an attempt to continue the fall of the Bitcoin rate with a target below the 18805 area.
Bitcoin Forecast BTC/USD August 19, 2022
An additional signal in favor of falling BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal in favor of this option will be a rebound from the lower border of the bullish channel. Cancellation of the option of falling in the exchange rate and the cost of Bitcoin will be a strong increase in the value of the asset and a breakdown of the area of 27455. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin exchange rate with a potential target at 33505. The fall in the asset price will be confirmed by a breakdown of the support area with the price fixing below the level of 21005, which will indicate a breakdown of the lower boundary of the bullish channel.
Bitcoin Forecast BTC/USD August 19, 2022 suggests an attempt to test the resistance level near the area of 23955. And further, the cryptocurrency will continue to fall with a potential target at the level of 18805. An additional signal in favor of the Bitcoin price decline will be a test of the resistance line on the relative strength index (RSI). Cancellation of the option to reduce the digital currency will be a breakdown of the area of 27455. This will indicate a continuation of the rise with a potential target above the area of 33505.
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