bullish

Bitcoin

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Saturday has started bullish for most coins, however, there are some exceptions, according to <a href="https://u.today/solana-sol-prediction-for-august-9" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="98b60abd-2e27-40e4-9efd-8850ef1ba0ba" src="https://u.today/sites/default/files/inline-images/top10_1287.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has almost not changed since yesterday. <img data-entity-type="file" data-entity-uuid="dcf6615f-4365-4fdd-b00e-faeb5bdb6405" src="https://u.today/sites/default/files/inline-images/btc1_213.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 bearish as it is closer to the local support level of $60,247. If the daily bar closes around it, the fall may continue to the $60,000 area by tomorrow. <img data-entity-type="file" data-entity-uuid="8b5448f9-9664-47f5-b28c-d94c4e874633" src="https://u.today/sites/default/files/inline-images/btc2_194.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, one should focus on the level of $62,154. If bulls can seize the initiative and bring the rate back to this mark, the accumulated energy might be enough for a blast to the $64,000 zone next week. <img data-entity-type="file" data-entity-uuid="9baeab36-4cab-4c1f-a31f-d650d543c1ab" src="https://u.today/sites/default/files/inline-images/btc3_192.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the price of BTC is in the middle of the wide channel between the support of $53,120 and the resistance of $73,949.
As neither side is dominating, ongoing sideways trading in the range of $58,000-$64,000 is the more likely scenario until the end of the month.
Bitcoin is trading at $60,531 at press time.

Bitcoin (BTC) Prediction for August 10

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