bullish

Bitcoin

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Sellers are getting back in the game after a few days of growth, according to <a href="https://u.today/bnb-sol-ada-and-ton-prediction-for-august-20" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="d7a9ec0f-08e7-4b1f-8244-9b54b8c4e0fc" src="https://u.today/sites/default/files/inline-images/top10_1307.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has dropped by 2.14% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="6c8a24a9-ee6e-496f-b1ab-784e59246056" src="https://u.today/sites/default/files/inline-images/btc1_216.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC is in the middle of the local channel, between the support of $58,970 and the resistance of $59,744.&nbsp;
If the daily bar closes near the upper line, one can expect a breakout, followed by a move to the $60,000 area and above. <img data-entity-type="file" data-entity-uuid="d65017f4-3889-45ae-a1af-c1f14b9a29d8" src="https://u.today/sites/default/files/inline-images/btc2_197.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate of the main crypto is far from the key levels. The low volume confirms the absence of buyers' and sellers' energy. In this case, ongoing sideways trading in the range of $59,000-$61,000 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="063ffaa5-8a5d-48a4-b7f3-b09ae20cf257" src="https://u.today/sites/default/files/inline-images/btc3_195.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture can be seen on the weekly chart. None of the sides is dominating, which means there are low chances to expect any sharp moves soon. All in all, traders may witness consolidation near the $60,000 zone until the end of the month.
Bitcoin is trading at $59,328 at press time.

Bitcoin (BTC) Prediction for August 21

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