{"id":953,"date":"2022-08-05T06:41:14","date_gmt":"2022-08-05T06:41:14","guid":{"rendered":"https:\/\/cryptoteambuild.com\/blog\/bitcoinbtc-price-analysis-these-may-be-the-price-targets-for-the-weekend\/"},"modified":"2022-08-05T06:41:14","modified_gmt":"2022-08-05T06:41:14","slug":"bitcoinbtc-price-analysis-these-may-be-the-price-targets-for-the-weekend","status":"publish","type":"post","link":"https:\/\/cryptoteambuild.com\/blog\/bitcoinbtc-price-analysis-these-may-be-the-price-targets-for-the-weekend\/","title":{"rendered":"Bitcoin(BTC) Price Analysis: These May be the Price Targets for the Weekend"},"content":{"rendered":"<p>Bitcoin <\/p>\n<div>\n<p><a href=\"https:\/\/coinpedia.org\/?s=bitcoin\" rel=\"noreferrer noopener\" target=\"_blank\">Bitcoin<\/a>(BTC) pierce at the press time is trading around $23,088.04 with a drop of 1.82% in the past 24 hours. While the asset has recorded marginal gains in the past 7 days of 0.24% and surged more than 17.93% in the past 30 days. The market cap is also heading strongly towards $450 billion, currently residing at $441.25 billion with a daily trading volume of $24.36 billion.<\/p>\n<h2 id=\"h-bitcoin-btc-price-analysis\">Bitcoin (BTC) Price Analysis<\/h2>\n<figure><img decoding=\"async\" loading=\"lazy\" title=\"bitcoin\" alt=\"bitcoin BITCOIN\" data-lazy-sizes=\"(max-width: 1024px) 100vw, 1024px\" data-lazy-src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN-1024x441.png\" data-lazy-srcset=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN-1024x441.png 1024w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN-300x129.png 300w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN-768x331.png 768w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN-1536x661.png 1536w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN-150x65.png 150w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/08\/04200723\/BITCOIN.png 1600w\" height=\"441\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201024%20441'%3E%3C\/svg%3E\" width=\"1024\"><\/figure>\n<ul>\n<li><a href=\"https:\/\/coinpedia.org\/price-prediction\/bitcoin-price-prediction\/\" rel=\"noreferrer noopener\" target=\"_blank\">BTC price<\/a> ever since dropped hard during the mid-June rebounded and trading within ascending parallel channel<\/li>\n<\/ul>\n<ul>\n<li>The asset experienced a couple of rejections, in attempting to breakout form the parallel consolidation<\/li>\n<\/ul>\n<ul>\n<li>However, the asset appears to have halted just before reaching the middle bands of the channel and hence may flip and reach the resistance close to $25,000 until the weekend<\/li>\n<\/ul>\n<ul>\n<li>As the price reaches close to these levels, the fear of rejection may haunt the rally and hence if the bulls maintain their stability, then the asset may bounce back after a brief pullback<\/li>\n<\/ul>\n<ul>\n<li>Therfore, by the end of the week, the BTC price is expected to surge beyond the local highs at $24,600<\/li>\n<\/ul>\n<h3>Bitcoin (BTC) Technical Analysis<\/h3>\n<h3>Technical Indicators<\/h3>\n<figure>\n<table readabilitydatatable=\"1\">\n<tbody>\n<tr>\n<td><strong>Technical Indicators<\/strong><\/td>\n<td><strong>Value(STF\/HTF)<\/strong><\/td>\n<td><strong>Action (STF\/HTF)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Relative Strength Index(RSI)<\/td>\n<td>44.18 \/ 53.38<\/td>\n<td>Sell \/ Neutral<\/td>\n<\/tr>\n<tr>\n<td>MACD<\/td>\n<td>-47.10 \/ 515.6<\/td>\n<td>Sell \/ Buy<\/td>\n<\/tr>\n<tr>\n<td>Average Directional Index(ADX)<\/td>\n<td>33.79 \/ 18.45&nbsp;<\/td>\n<td>Buy \/ Neutral<\/td>\n<\/tr>\n<tr>\n<td>Average True Value(ATR)<\/td>\n<td>158.79 \/ 1009.29<\/td>\n<td>Less Volatility \/ Less Volatility<\/td>\n<\/tr>\n<tr>\n<td>Bull-Bear Power<\/td>\n<td>31.33 \/ 421.20&nbsp;<\/td>\n<td>Buy \/ Buy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h4>Pivotal Levels<\/h4>\n<figure>\n<table readabilitydatatable=\"1\">\n<tbody>\n<tr>\n<td><strong>Pivotal Levels<\/strong><\/td>\n<td><strong>Short Term<\/strong><\/td>\n<td><strong>Long Term<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Resistance<\/td>\n<td>$23,547.12<\/td>\n<td>$24,206<\/td>\n<\/tr>\n<tr>\n<td>Support<\/td>\n<td>$22,682.42<\/td>\n<td>$20,691<\/td>\n<\/tr>\n<tr>\n<td>Moving Average(MA)-50<\/td>\n<td>$23,804.9<\/td>\n<td>$21,343.3<\/td>\n<\/tr>\n<tr>\n<td>Moving Average(MA)-200<\/td>\n<td>$23,303.3<\/td>\n<td>$33,657.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>Bitcoin&rsquo;s (BTC) price is extremely bearish in the short term as most of the indicators are pointing towards a &lsquo;Sell&rsquo; signal. However, the asset is expected to stabalize in the next couple of weeks as the long-term projections display a neutral behaviour.<\/p>\n<\/div>\n<p><a href=\"https:\/\/coinpedia.org\/price-analysis\/bitcoinbtc-price-analysis-these-may-be-the-price-targets-for-the-weekend\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Bitcoin(BTC) pierce at the press time is trading around $23,088.04 with a drop of 1.82% in the past 24 hours. While the asset has recorded marginal gains in the past 7 days of 0.24% and surged more than 17.93% in the past 30 days. The market cap is also heading strongly towards $450 billion, currently residing at $441.25 billion with a daily trading volume of $24.36 billion. Bitcoin (BTC) Price Analysis BTC price ever since dropped hard during the mid-June rebounded and trading within ascending parallel channel The asset experienced a couple of rejections, in attempting to breakout form [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[18,74],"_links":{"self":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/953"}],"collection":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/comments?post=953"}],"version-history":[{"count":0,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/posts\/953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media\/954"}],"wp:attachment":[{"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/media?parent=953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/categories?post=953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoteambuild.com\/blog\/wp-json\/wp\/v2\/tags?post=953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}