{"id":143142,"date":"2023-08-27T20:43:36","date_gmt":"2023-08-27T15:13:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-btc-price-regain-28000-before-august-end-crypto-news\/"},"modified":"2023-08-27T20:43:39","modified_gmt":"2023-08-27T15:13:39","slug":"will-btc-price-regain-28000-before-august-end-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-btc-price-regain-28000-before-august-end-crypto-news\/","title":{"rendered":"Will BTC Price Regain $28000 Before August End? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-157774\">\n<p>\nUnder the influence of a falling channel pattern, the BTC price may see a minor pullback in the near term.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/27203133\/xCMlPUDF-e1693148511297.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"BTC Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 5 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">After the massive dump on August 17th, the largest cryptocurrency <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/bitcoin\/\">Bitcoin<\/a> has witnessed high volatility for nearly two weeks. While the downward projection continues, the daily candle shows a long-wick rejection on either side, reflecting uncertainty in bearish momentum. Will this indecisiveness lead to a bullish pullback or it\u2019s a small breather for prolonged correction?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/pro-bitcoin-desantis-rises-as-champion-after-gop-debate-trump-still-leads\/\">Pro-Bitcoin DeSantis Rises As Champion After GOP Debate; Trump Still Leads<\/a><\/p>\n<h2><b>Bitcoin Daily Chart: Key Points<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bullish breakout from the chart pattern will set an 8% price jump<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Bitcoin fear and greed index at 38% reflects bearish sentiment among market participants<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume in Bitcoin is $6.2 Billion, indicating a 30% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"BTC Price\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/x\/xCMlPUDF.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/x\/xCMlPUDF.png\" alt=\"BTC Price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 4-hour time frame chart shows the ongoing downtrend in a more stable manner wobbling between two parallel walking trendlines. This price behavior reflects the formation of a known bullish reversal pattern called the falling <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/parallel-channel-pattern\/\">parallel channel<\/a>.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">By the press time, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> traded at $26166 with an intraday gain of 0.32%. This uptick will lead the coin price back to the overhead trendline with a potential bullish breakout. Anyhow, after a massive downfall, the asset price tends to show a minor pullback in order to stabilize the prevailing downtrend.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">A 4-hour candle closing above the upper trendline will kickstart this anticipated bullish pullback. The post-breakout rally will push the prices 8% higher and retest the $28500 barrier.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto holders must be cautious at this barrier as with the overall trend still negative, the sellers could recuperate bearish momentum for prolonged correction.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Will BTC Price Fall Back to $25000?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">While the possibility of a bullish reversal seems valid, the two trendlines are currently leading to the ongoing downfall. Until the two trend lines are intact, the BTC price may extend the downward march. A potential reversal from this upper trendline will trigger a new bear cycle within the channel and lead the prices back to $25000.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400\">The narrowing range on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Band indicator<\/a> shows high volatility in the market.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">Contrary to the falling price, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI slope<\/a> shows an evident rise reflecting growing bullish momentum.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/will-btc-price-regain-28000-before-august-end\/&#038;text=Will BTC Price Regain $28000 Before August End?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/will-btc-price-regain-28000-before-august-end\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/will-btc-price-regain-28000-before-august-end\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/will-btc-price-regain-28000-before-august-end\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA157774\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD157774\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the influence of a falling channel pattern, the BTC price may see a minor pullback in the near term. Published 5 seconds ago After the massive dump on August 17th, the largest cryptocurrency Bitcoin has witnessed high volatility for nearly two weeks. While the downward projection continues, the daily candle shows a long-wick rejection [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":143143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-143142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=143142"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143142\/revisions"}],"predecessor-version":[{"id":143144,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143142\/revisions\/143144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/143143"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=143142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=143142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=143142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}