#BTC $BTC

BTC/USD quotes are trading at 58833 and continue to move within the development of a fall and a 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 asset's value from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 14, 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 59365 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 50765 area.

The cancellation of the option of falling coin rate and Bitcoin value will be a strong increase in the value of the asset and a breakout of the 63405 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at the level of 67675. Confirmation of the fall in the asset price will be a breakout of the support area with the price fixing below the 55965 mark.

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