By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On Tuesday, August 27th, the BTC is slightly declining, trading at $10151.36. Technical Analysis On the daily timeframe, the BTC/USD is developing a descending channel of a correction. After a bounce off the resistance line, the quotations are testing 38.2% Fibo again. A successful test and a breakaway may let the quotations descend further to 50.0% ($8600.00) and 61.8% ($7350.00). The descending of the MACD lines and the red histogram confirm the potential for further decline. The resistance is at $11350.00. On H4 of the Bitcoin there is a range of a Triangle forming.
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