Bitcoin

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Despite the sharp market drop, most of the coins keep trading in the <a href="https://u.today/binance-coin-bnb-price-analysis-for-august-18" rel="noopener noreferrer nofollow">red zone</a>. 
<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="75332d13-d57f-49f9-bd5b-5e945252df89" src="https://u.today/sites/default/files/inline-images/top10_606.png"> 
Top coins by&nbsp;<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
<h2 id="btc-usd">BTC/USD</h2> 
The rate of Bitcoin (BTC) has fallen by 2.12% over the last 24 hours. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="b872986e-7563-473c-aec6-41a5ad023996" src="https://u.today/sites/default/files/inline-images/btc1_127.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of Bitcoin (BTC) is in the middle of the narrow channel between the support at $25,798 and the resistance at $25,997. 
If buyers lose the $25,900 mark, the drop may continue to the $25,600-$25,700 area shortly. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="bcb36e16-22e8-48a5-aca3-982bc7c6c93d" src="https://u.today/sites/default/files/inline-images/btc2_112.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger time frame, traders should pay attention to the mark of $26,000. If a false breakout of it happens and the bar closes above it, buyers may locally seize the initiative, which can lead to a bounce back to the $26,400 range soon. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="5e705b06-38ac-4b2c-ad5b-fbddef7550c2" src="https://u.today/sites/default/files/inline-images/btc3_110.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, the price of BTC is on the way to test the local support level of $24,756. However, if the candle closes far from it, one can expect a correction to the $26,000 zone by the end of the month. 
Bitcoin is trading at $25,882 at press time.

Bitcoin (BTC) Price Analysis for August 19

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