HomeUncategorizedBitcoin on the way to ‘bearadise?’ $20K is back as a BTC price target By Cointelegraph

Bitcoin on the way to ‘bearadise?’ $20K is back as a BTC price target By Cointelegraph

August 20, 2023

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© Reuters.

(BTC) hovered above $26,000 into the Aug. 20 weekly close as doomsday BTC price targets kept coming.

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed an eerie calm covering BTC/USD over the weekend, with the market down 11% in seven days.

BTC/USD 1-week chart with 100 SMA. Source: TradingView
BTC/USD annotated chart. Source: Keith Alan/X
BTC/USD annotated chart. Source: Skew/X
BTC/USD annotated chart. Source: Whalemap/X