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Bitcoin Prediction 2024 Augest 12th

Bitcoin Prediction 2024 Augest 12th

BTC Price:

$58,668

UTC Time: 7:52 AM

Market Sentiment Today

Fear and Greed Index: 25 (Extreme Fear)

BitCoin Fear & Greed Index on August 12, 2024

Bitcoin Technical Analysis

Bitcoin Relative Strength Index : 45

Measures the speed and change of bitcoin price movements. Values range from 0 to 100. Typically, RSI above 70 indicates overbought conditions, while RSI below 30 indicates oversold conditions.

Bitcoin Support and Resistance Levels

Bitcoin Support and resistance are terms for two respective levels on a price chart that appear to limit the market's range of movement. The Bitcoin support level is where the price regularly stops falling and bounces back up, while the Bitcoin resistance level is where the price normally stops rising and dips back down. The levels exist as a product of supply and demand if there are more buyers than sellers, the price could rise, and if there are more sellers than buyers, the price tends to fall.

Bitcoin Support Level

Daily Chart: $57,050

Bitcoin Resistance Level

Daily Chart: $62,030

Bitcoin Prediction 2024 August 12th Summary

Given the Bitcoin Sentiment Analysis and Bitcoin Technical Analysis Indicators

Investment Plan:

Bitcoin Short Selling:

Around $58,700

Stop Loss:

Around $59,500

Take profit:

Around $57,000

Disclaimer: The opinions expressed are for informational purposes only and should not be construed as investment advice. Please do your own research before making any investment decisions.

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