Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Bitcoin Forecast for the Week of 12-08-2024
Bitcoin Forecast
Bitcoin news
This section states that there have been no significant developments in the Bitcoin market over the past week. Sharp fluctuations in the price of Bitcoin, which some analysts have linked to statements by the US Federal Reserve about a possible increase in interest rates, have once again become the main factor influencing the market. It is expected that the exchange rate will continue to change in the future, especially after the release of new economic news from America.
Bitcoin monthly chart
An analysis of the monthly chart shows that Bitcoin is currently in a recovery phase after a minor decline. Indicators on the chart point to possible growth in the next month. The formation of a stable zone of accumulation is observed, which is a prerequisite for further upward movement.
BTC weekly chart
The weekly chart shows a similar picture: after the accumulation phase, the market has seen a gradual increase in activity. The CCI indicator is in the green zone, which indicates a possible undervaluation of the asset, which can turn into a powerful impetus for growth.
Dominance of BTC, USDT
The dominance of Bitcoin and USDT remains stable, maintaining their positions in the market. However, there is a potential for growth, which may lead to a shift of some of the capital in favor of other cryptocurrencies. Investors are increasingly showing interest in assets such as Bitcoin, which is confirmed by analyst data and large volumes of purchases.
BTC (Bitcoin) Daily Chart
The daily chart shows that after a minor correction, Bitcoin is back up again. Analysis of indicators indicates that another surge in price may occur in the near future, especially given the current state of the market and interest from large investors.
Result
Overall, the Bitcoin market is in a wait-and-see state, with potential for upside in the coming weeks. Analysis of various graphs and indicators shows that the market is on the threshold of a new wave of growth. Investors should be prepared for possible fluctuations and consider different strategies to maximize their returns.
I hope this information is useful for your audience. If you need more details or specific analysis on a certain aspect, let me know!
- Біткоїн прогноз — криптовалюта українською, 12-08-2024
