Bitcoin Price Analysis (BTC/USD)

On an intraday chart, the price of BTC/USD pair has further dipped from the previous price of 10473.00 and is currently changing hands at $9917.57 that translated to an intraday dip of 5.3%.  The bulls seemed to have lacked the means or strategy to pull up the market momentum. This was reflected by the 21 day MA that hovered above the 7 day MA over the last 24hrs.

The RSI was also seen trading below the oversold territory that signaled a buy sign.  This also confirmed sellers have the upper hand.  At around 06:00 traders brought the momentum back up as reflected by the RSI indicator that is currently heading north indicating an increase in buyouts.

bitcoin price chart august 17th

Bitcoin Price Prediction (BTC/USD)

Currently, most indicators signal price recovery shortly.  The parabolic indicator is presently below the pair’s price that indicates a buy signal.  The RSI indicator has also gained momentum and is tending Northway that signal a bullish outlook.  New target should be set at $10400.0

Bitcoin Cash Price…

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Source: https://themerkle.com/bitcoin-bitcoin-cash-and-binance-coin-price-prediction-and-analysis-for-august-17th-btc-bch-and-bnb/