Bitcoin Back To Upward Trend
Bitcoin Back To Upward Trend – BTC/USD is trading at $10721 at the time of analysis and moves upward at the rate of +3.75.
The cryptocurrency market was under the influence of bears past couple of days. The bear market ended for the day with a serious uptrend and almost all the alt-coins are making way to the bulls.Currently major alt-coins are in the note of positive trend except for tether, cardano and monero. Meanwhile, Bitcoin is showing a bullish trend trying to keep up its area of resistance. The coin aims to reach areas of resistance by making sellers more stronger to supply the necessary.
Bitcoin Back To Upward TrendBTC/USD Price Analysis Forecast for August 19th, 2019: Bullish market. The pair is sprouting at a rate of +3.69%. The exponential moving average at 10566.9 moves towards bullish zone. The orange and blue MACD’s at 55.2 and 90.4 indicate upward movement for further development in the name of the bulls. The RSI at 70.35 showcase sellers playing along with the bulls as they overbought than required and struggles to maintain the same as buyers are slightly influencing the market. The price may range from $10721 – $10800.
Cancellation to the above inclines may revert the resistance line alongside the buyers’ entry. Then price may vary from $10721 – $10700.