Bitcoin In Side Trend
Bitcoin In Side Trend – BTC/USD trading at $11370 at the time of the analysis and makes way to flat trend at the rate of +0.45%.
The Crypto Market has slight variations over very slight rises and dips past 2 days. Still all the altcoins move towards bullish trend indicating positive slope. The uncertainty pertaining to the market may be due to lack of efficiency in decision making by sellers and buyers.. Bitcoin Market has been influenced flat line over the slightest of slight rises and dips. Bitcoin influences the market with an upward trend with bulls taking over the market. The coin aims to reach the level of resistance.
BTC/USD Price Analysis And Forecast For August 11th 2019 – Flat trend.The pair is flat on trend at the rate of +0.51%. The moving averages 11369.7 indicates side trend with the struggle to decide and bullish or bearish trend. The MACD’s at -66.5 and -83.8 shows a flat line with very slight upward push towards the bulls. The RSI at 41.31 showcases a straight flat line indicating slight upward trend. The price may range from $11370 – $11570.
Cancellation of the trend-line may intend the buyers to buy more to reach support line sooner and start overbuying.Then price may vary from $11370 – $11200.