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Bitcoin Price Prediction: BTC/USD Crashes to $10.5k Support, Recovers and Resumes Fresh Uptrend

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AzeezMustaph

Bitcoin (BTC) Price Prediction – August 2, 2020
Today, BTC/USD retested the $12,000 resistance to reach a high of $12,097. The king coin suffered a bearish reaction as it crashed to $10,548 low. After crashing to $10,500 support, price corrected upward to $11,400.

Resistance Levels: $10,000, $11, 000, $12,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

The recent uptrend of Bitcoin was made possible after the bulls break the $10,000, and $10,500 resistance. The price movement was accelerated as the market reached $12,000 high. Nevertheless, after price retested the $11,400 high, the downtrend resumed. In the interim, the ...

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