BTCUSD 8/16/19 Market Forcast

Analysis of the daily BTCUSD market. It appears that prices have rebounded off of the 100 EMA . The next major hurdle for a bull market would be for it to close above the 50 EMA. If the the 50 EMA is able to successfully act as a level of support I expect the market to rise to the level of the weekly pivot point around 11600.