Bitcoin (BTC) Price Prediction for August 24

The rates of most of the top 10 coins are in the green zone, however, there are some exceptions, according to CoinStats.

BTC/USD

The price of Bitcoin (BTC) has gone up by 0.17% over the last day.

On the hourly chart, the rate of BTC is near the local level of $114,323. As most of the daily ATR has been passed, increased volatility is unlikely to happen by tomorrow.

On the bigger time frame, the situation is rather bearish.

If sellers’ pressure continues, traders may witness a test of the support level of $111,919 within the next few days.

From the midterm point of view, the rate of the main crypto has made a false breakout of the support of $111,919. In this case, one should focus on the bar closure in terms of that mark. If it happens around it, there is a chance to see a correction to the $110,000 area.

Bitcoin is trading at $114,590 at press time.

Source