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Crypto-currencies

12.08.202117:10 Forex Analysis & Reviews: Trading Signal for BITCOIN for August 12 - 13, 2021: Sell below $45,312

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 12.08.2021 analysis
above this level on the daily charts. So, if it fails to stay above this area, it is likely that in the long term BTC may fall to the level of $30,000.

Observing the graph, we can point out the immediate support for BTC at the 8/8 Murray line, and if the downward pressure continues, a fall is expected in the $40.625 area. This is the psychological level that is likely to give the market a new bullish momentum.

The key point is to sell below the 21 SMA at $45,312, with the targets at $43,750 and $40,625. The eagle indicator that measures the volume and strength of the market is showing a bearish signal due to the low volume of purchases.

Support and Resistance Levels for August 12 - 13, 2021

Resistance (3) 47,577

Resistance (2) 46,073

Resistance (1) 45,358

----------------------------

Support (1) 43,807

Support (2) 42,023

Support (3) 38,892

Dimitrios Zappas
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