above this level on the daily charts. So, if it fails to stay above this area, it is likely that in the long term BTC may fall to the level of $30,000.
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
