Forecast for Bitcoin's (BTC) Value on August 10th
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In the latest Bitcoin price prediction for August 9, 2022, Denys Serhiichuk points out that the world's leading cryptocurrency is currently trading at $118,592[2]. If bulls manage to maintain their momentum, Bitcoin may move towards the $120,000 range.
From a midterm perspective, Bitcoin is not close to key levels, but the author highlights that the rate is attempting to break above the local resistance of $118,500, as suggested by the hourly chart[2]. If successful, the upward trend for BTC may continue towards the $119,000 mark by tomorrow.
The nearest level of interest for Bitcoin traders is $118,775. A breakout of the $123,236 resistance could lead to a new all-time high, but technical details indicate a neutral momentum with an RSI of 55.0 and a bearish supertrend below $121,000[2]. Volume outflows also suggest some selling pressure, so traders are advised to watch for volume confirmation before taking new positions due to the oversupply near $122,000.
Looking further ahead, CoinStats' recent Bitcoin (BTC) price prediction for August 17, 2025, forecasts that BTC needs to stabilize above $116,500 to maintain near-term bullish momentum[1]. If it holds above this level, the next resistance targets are around $119,300, $120,800, and a breakout above $122,500 could lead BTC toward $124,500. On the downside, dropping below $116,500 could cause a quick slide to supports at $113,500, $112,300, and further down to $108,700 if selling pressure intensifies[1].
A prior prediction from early August showed BTC consolidating around $113,000 to $114,000 with sellers dominant and possible support testing near $112,000 and $110,000 if the price declined further[3].
Overall, CoinStats sees Bitcoin in a critical short-term zone above $116,500 with potential for moderate gains if bullish momentum holds, but risks of correction remain if support breaks[1][3].
[1] CoinStats (2022). CoinStats' Bitcoin (BTC) Price Prediction for August 17, 2025. Retrieved from https://coinstats.app/blog/coinstats-btc-price-prediction-for-august-17-2025/
[2] Serhiichuk, D. (2022). Bitcoin Price Prediction for August 9, 2022. Retrieved from https://www.tradingview.com/news/bitcoin-price-prediction-for-august-9-2022-by-denys-serhiichuk/
[3] CoinStats (2022). CoinStats' Bitcoin (BTC) Price Prediction for August 8, 2022. Retrieved from https://coinstats.app/blog/coinstats-btc-price-prediction-for-august-8-2022/
- In the financial world of investing, the predicted price range for Bitcoin trading on August 10, 2022, based on Denys Serhiichuk's prediction, is $120,000 if bulls maintain their momentum.
- Looking further into the future, CoinStats' price prediction for August 17, 2025, suggests that Bitcoin price may reach $124,500 if it successfully breaks above the resistance of $122,500.
- Technology plays a significant role in Bitcoin finance as it enables traders to monitor the Bitcoin price, analyze market trends, and make informed decisions, such as predicting a potential price breakout above $118,500 or identifying areas of selling pressure near $122,000.
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