#BTC $BTC

BTC/USD quotes are trading at 58997 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of "Digital Gold" and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 13, 2024, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 60405 area. From where we should again expect a downward rebound and an attempt to continue the fall of the Bitcoin rate with a target below the 51205 area.

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