Bitcoin Price Prediction and Analysis for August 22nd: BTC Still Pulled Down

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Technical Analysis On the weekly timeframe, the Bitcoin remains in the correction phase, which may extend and bring the quotations to the psychologically important level of $7000.00. Upon the end of the correction, a new wave of growth may be expected, confirmed by the ascending dynamics of the MACD and Stochastic. As for the goals, having overcome the current peak, the quotations are likely to aim at $15560.00. On the daily timeframe of the BTC/USD, a descending correction channel is forming. Upon a bounce off the resistance line of the correction channel, the

The post Bitcoin Price Prediction and Analysis for August 22nd: BTC Still Pulled Down appeared first on The Merkle Hash.