Observing the graph, we can point out the immediate support for BTC at the 8/8 Murray line, and if the downward pressure continues, a fall is expected in the $40.625 area. This is the psychological level that is likely to give the market a new bullish momentum.
The key point is to sell below the 21 SMA at $45,312, with the targets at $43,750 and $40,625. The eagle indicator that measures the volume and strength of the market is showing a bearish signal due to the low volume of purchases.
Support and Resistance Levels for August 12 - 13, 2021
Resistance (3) 47,577
Resistance (2) 46,073
Resistance (1) 45,358
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Support (1) 43,807
Support (2) 42,023
Support (3) 38,892