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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Bitcoin Price Movement On August 12, 2020

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After Bitcoin touched $11,063.80, its price is now trying to move upwards aiming to hit $11,710.80 as the nearest target. This retracement has been already confirmed by the Stochastic Oscillator which is already below the oversold level. BTC is ready to climb higher above $20,000, although there is a possibility BTC will drop again. As long as number one cryptocurrency does not fall lower than $10,889.80, the upward movement to $11,710.80 is still possible.

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The material has been provided by InstaForex Company - www.instaforex.com