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    • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3178 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The rates for most of the Top 10 coins do not change much over the weekend. Ethereum (ETH) and Cardano (ADA) are the only two cryptocurrencies located in bearish territory at the moment.
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    

<strong><a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 Coins by Coinstats</a></strong>
The dominance rate for Bitcoin (BTC) has remained&nbsp;in the same position since yesterday, and its&nbsp;current market share makes up 58%.
<strong><a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts">BTC’s Market Share</a></strong>
Below is the relevant data for Bitcoin (BTC) and how it's looking today:

<ul>
	<li dir="ltr">
	<strong>Name:</strong> Bitcoin
	</li>
	<li dir="ltr">
	<strong>Ticker:</strong> BTC
	</li>
	<li dir="ltr">
	<strong>Market Cap:</strong>&nbsp;$218,155,824,886
	</li>
	<li dir="ltr">
	<strong>Price:</strong>&nbsp;$11,816.15
	</li>
	<li dir="ltr">
	<strong>Volume (24H):</strong>&nbsp;$21,395,829,268
	</li>
	<li dir="ltr">
	<strong>Change (24H):</strong> 0.07%
	</li>
</ul>

The data was relevant at press time.

BTC/USD: Could a Retest of $12,000 Happen Next Week?

Compared to previous weeks, the current week was not a positive one for the leading cryptocurrency. Bitcoin (BTC) has only gone up&nbsp;1.37% in price over the last 7 days.
<strong><a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD Chart by TradingView</a></strong>
Bitcoin (BTC) has continued to correct itself after failing to fix above the $12,000 mark. Although the liquidity is still high, the buying trading volume has decreased, showing a lack of&nbsp;interest from the bulls&nbsp;to continue their rise in price. From a technical standpoint, the drop is not at an end and the decline may last until bears reach the $11,600 mark.
<strong><a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD Chart by TradingView</a></strong>
Looking at the bigger time frame, the bearish tendencies are even more powerful. There are almost no buyers at the moment who want to purchase Bitcoin (BTC) at the current prices and the trading volume is low.

<a rel="nofollow" target="_blank" href="#-eth-bsv-solo-and-algo-price-analysis-for-august-14">card</a>

There is also a divergence on the Relative Strength Index (RSI), which considers a further decline. In this regard, the closest bounce off level is at the&nbsp;$11,000 mark.
<strong><a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD Chart by TradingView</a></strong>
Looking at the weekly time frame, Bitcoin (BTC) is aiming towards the resistance at the $13,200 mark as the price has not decreased since breaking out from its&nbsp;long consolidation period. The trading volume is also at a relatively high level, which means that buyers may attain the aforementioned area despite possible corrections along the&nbsp;way.

At press time, Bitcoin was trading at $11,787.


&nbsp;

') (Line: 1145)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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Twig\Template->render(Array, Array) (Line: 40)
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twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
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Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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    • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The rates for most of the Top 10 coins do not change much over the weekend. Ethereum (ETH) and Cardano (ADA) are the only two cryptocurrencies located in bearish territory at the moment.
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    

<strong><a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 Coins by Coinstats</a></strong>
The dominance rate for Bitcoin (BTC) has remained&nbsp;in the same position since yesterday, and its&nbsp;current market share makes up 58%.
<strong><a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts">BTC’s Market Share</a></strong>
Below is the relevant data for Bitcoin (BTC) and how it's looking today:

<ul>
	<li dir="ltr">
	<strong>Name:</strong> Bitcoin
	</li>
	<li dir="ltr">
	<strong>Ticker:</strong> BTC
	</li>
	<li dir="ltr">
	<strong>Market Cap:</strong>&nbsp;$218,155,824,886
	</li>
	<li dir="ltr">
	<strong>Price:</strong>&nbsp;$11,816.15
	</li>
	<li dir="ltr">
	<strong>Volume (24H):</strong>&nbsp;$21,395,829,268
	</li>
	<li dir="ltr">
	<strong>Change (24H):</strong> 0.07%
	</li>
</ul>

The data was relevant at press time.

BTC/USD: Could a Retest of $12,000 Happen Next Week?

Compared to previous weeks, the current week was not a positive one for the leading cryptocurrency. Bitcoin (BTC) has only gone up&nbsp;1.37% in price over the last 7 days.
<strong><a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD Chart by TradingView</a></strong>
Bitcoin (BTC) has continued to correct itself after failing to fix above the $12,000 mark. Although the liquidity is still high, the buying trading volume has decreased, showing a lack of&nbsp;interest from the bulls&nbsp;to continue their rise in price. From a technical standpoint, the drop is not at an end and the decline may last until bears reach the $11,600 mark.
<strong><a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD Chart by TradingView</a></strong>
Looking at the bigger time frame, the bearish tendencies are even more powerful. There are almost no buyers at the moment who want to purchase Bitcoin (BTC) at the current prices and the trading volume is low.

<a rel="nofollow" target="_blank" href="#-eth-bsv-solo-and-algo-price-analysis-for-august-14">card</a>

There is also a divergence on the Relative Strength Index (RSI), which considers a further decline. In this regard, the closest bounce off level is at the&nbsp;$11,000 mark.
<strong><a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD Chart by TradingView</a></strong>
Looking at the weekly time frame, Bitcoin (BTC) is aiming towards the resistance at the $13,200 mark as the price has not decreased since breaking out from its&nbsp;long consolidation period. The trading volume is also at a relatively high level, which means that buyers may attain the aforementioned area despite possible corrections along the&nbsp;way.

At press time, Bitcoin was trading at $11,787.


&nbsp;

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__TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    Original U.Today article

    Bitcoin (BTC) Price Analysis for 16/08

    Advertisement
    article image
    Denys Serhiichuk
    Has the time come for a more profound Bitcoin (BTC) correction?
    Sun, 16/08/2020 - 15:52
    Bitcoin (BTC) Price Analysis for 16/08
    Cover image via www.tradingview.com

    Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

    Read U.TODAY on
    Google News

    The rates for most of the Top 10 coins do not change much over the weekend. Ethereum (ETH) and Cardano (ADA) are the only two cryptocurrencies located in bearish territory at the moment.

    Advertisement
    Top 10 coins by Coinstats
    Top 10 Coins by Coinstats

    The dominance rate for Bitcoin (BTC) has remained in the same position since yesterday, and its current market share makes up 58%.

    BTC’s market share
    BTC’s Market Share

    Below is the relevant data for Bitcoin (BTC) and how it's looking today:

    • Name: Bitcoin

    • Ticker: BTC

    • Market Cap: $218,155,824,886

    • Price: $11,816.15

    • Volume (24H): $21,395,829,268

    • Change (24H): 0.07%

    The data was relevant at press time.

    BTC/USD: Could a Retest of $12,000 Happen Next Week?

    Compared to previous weeks, the current week was not a positive one for the leading cryptocurrency. Bitcoin (BTC) has only gone up 1.37% in price over the last 7 days.

    BTC/USD chart by TradingView
    BTC/USD Chart by TradingView

    Bitcoin (BTC) has continued to correct itself after failing to fix above the $12,000 mark. Although the liquidity is still high, the buying trading volume has decreased, showing a lack of interest from the bulls to continue their rise in price. From a technical standpoint, the drop is not at an end and the decline may last until bears reach the $11,600 mark.

    BTC/USD chart by TradingView
    BTC/USD Chart by TradingView

    Looking at the bigger time frame, the bearish tendencies are even more powerful. There are almost no buyers at the moment who want to purchase Bitcoin (BTC) at the current prices and the trading volume is low.

    card

    There is also a divergence on the Relative Strength Index (RSI), which considers a further decline. In this regard, the closest bounce off level is at the $11,000 mark.

    BTC/USD chart by TradingView
    BTC/USD Chart by TradingView

    Looking at the weekly time frame, Bitcoin (BTC) is aiming towards the resistance at the $13,200 mark as the price has not decreased since breaking out from its long consolidation period. The trading volume is also at a relatively high level, which means that buyers may attain the aforementioned area despite possible corrections along the way.

    At press time, Bitcoin was trading at $11,787.

     
    #Bitcoin Price Prediction
    About the author
    article image
    Denys Serhiichuk

    With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
    Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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