Bitcoin

Bitcoin $BTC Forecast: Weekend Edition: Bears Favored

August 18 2018 20:18 UTC

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This edition features popular Bitcoin $BTC technical analyses from @bitcoinsguide, @investingcom and FXStreet. Or jump right to today’s Bitcoin $BTC Forecast.

@bitcoinsguide Analysis

View: bearish

bearish

Azeez M of @bitcoinsguide illuminates "about 21% price decrease in the month of August [and] the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicate that Bitcoin price will is falling"

@investingcom Analysis

View: bearish

bearish

Automated Signal of @investingcom writes "Summary of Weekly outlook: Strong Sell > Moving Averages:Sell > Technical Indicators:Strong Sell"
Published: August 18 2018 16:06:19 – Real-time Data

FXStreet Analysis

View: bullish

bullish

Ken Chigbo of FXStreet says "Bitcoin seen holding firm gains of over 3% on Friday, as the recovery path becomes clearer [and] BTC/USD moves back through breached ascending trend line, to be supported in its attempt for further upside"

Bitcoin $BTC Forecast

on Saturday August 18 2018 20:18 UTC

bearishbearishbullish

The crypto pundits say: “bearish/bearish/bullish/”.

The first two experts are bearish, while the third – on data about one day old – is bullish.

$BTC/USDT Binance One Hour Candles 2018-08-18
Tap or click for detail:


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author holds Bitcoin $BTC at the time of writing.

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