#BTC #Btcsignal $BTC

A test of the resistance line on the relative strength indicator will act as a signal in favor of a decrease in BTC/USD quotes. The second signal in favor of this option will be a rebound from the lower border of the bullish channel. The cancellation of the option of a decrease in the coin rate and the cost of Bitcoin will be a strong increase in the value of the asset and a breakout of the 62505 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 65505. A breakout of the support area with a price consolidation below 57405 will confirm the fall in the asset price, which will indicate a breakout of the lower border of the Double Top reversal pattern and the beginning of the pattern with targets below. Thus, the BTC/USD Bitcoin rate forecast for August 16, 2024 suggests an attempt to test the resistance level near the 60105 area. And then, the cryptocurrency will continue to fall with a potential target at 52400. An additional signal in favor of a decrease in the Bitcoin rate will be a test of the resistance line on the relative strength indicator. The cancellation of the option of a fall in the digital currency will be a breakout of the 62505 area. This will indicate continued growth of the coin with a potential target above the 65505 mark.