Market Analysis of Bitcoin on Friday 13 August 2021

2021-08-13 13:40Source:BtcDana

On Friday in early trading, Bitcoin rose in a short-term, breaking through the US$45,000, the current price of Bitcoin is US$45,150, with an intraday increase of 1.9%. Data: The difficulty of Bitcoin's entire network is expected to increase by 7.95% to 15.65T tomorrow. Data: The whale's Bitcoin holdings will drop to 25% of the BTC supply. Twitter CEO: Twitter may allow each user to add a Bitcoin wallet that supports the Lightning Network. Bitcoin mining companies and mining machine manufacturers are increasing their investment in Ethereum mining.


From technical perspective, the daily candle closed bearish on the high position. It's according to the forecast that the market will have correction, but Bitcoin still show an upwards trend. H4 graph shows the formation of the M pattern, leading MA to form Death Cross. The BOLL flattened on the high position; RSI has signs of turning up. Overall, prioritise the operation within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 43800.

https://asset.onetrader.online/upload/file/1628784000000/1628836530968.jpeg

Resistance:45800-46700-48000

Support:43800-42400-41000.


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