VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Bitcoin price forecast: will the BTC price rise to $ 37,000 in August?

admin by admin
August 11, 2022
in IT news
0
Bitcoin Kurs Prognose: steigt der BTC Kurs im August auf 37.000 USD?
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

The Bitcoin price is extremely bullish and can now rise by around 11% until it reaches our price target. But this could be just the beginning.

Still around 11% until the Bitcoin price picks up the price target

Bitcoin Price Chart by Tradingview

The Bitcoin price still has about 11% room to move up until it has picked up the price target at around $ 26,800. In the last BTC price forecast, we wrote: “If Bitcoin breaks the 50-day EMA, it looks like the correction has come to an end. Then Bitcoin could surpass its last high point and target the Golden Ratio at around $26,800. In addition, Bitcoin thus again formed a higher low, which marks the fourth in a row. Bitcoin previously formed three higher highs in a row and with the break of the 50-day EMA, another higher high point is close.”

In addition, the histogram of the MACD is ticking bullish higher today and the MACD lines are also crossed bullish in the daily chart. The RSI is approaching overbought regions, but gives neither bullish nor bearish signals.

200-Week EMA Cuts Golden Ratio Resistance

Bitcoin Price Chart by Tradingview

Due to the important Golden Ratio resistance at around $ 26,800, the 200-week EMA also runs, which also acts as a resistance. If BTC is rejected, significant Fibonacci supports are waiting at around $ 23,150 and $ 21,000.

However, for an increase to around $ 26,800, Bitcoin must first surpass the last high point at around $ 24,700. In the medium term, however, it still looks strongly bullish, because now the MACD lines also crossed bullish while the histogram is gradually ticking bullish higher.

The RSI is also neutral here.

The Bitcoin price could rise to around $ 37,000 in August

Bitcoin Price Chart by Tradingview

There are now some resistances waiting for the BTC price before it can rise to around $ 37,000. In addition, the 50-month EMA is already acting as a significant resistance at around $ 25,662.

If Bitcoin breaks the resistance and also overcomes the 0.382 Fib level at around $ 29,300, the bullish price target is around $ 37,000. This is where Bitcoin encounters a very important golden ratio. If Bitcoin breaks the golden ratio at around $37,000, BTC is just one step away from a complete bullish trend reversal. Because the final key resistance is at the $ 50,000 mark and if BTC breaks this price level, it can target new highs.

MACD’s histogram could close bullish

Bitcoin Price Chart by Tradingview

There are still about three weeks until the monthly candle closes. So far, it looks very good for the histogram in the monthly chart, because the histogram is currently only about 1.3% lower than in the previous month. Should it close bullish, this would be a strong indicator of a new bull cycle.

You can find out why the histogram is of great importance this month here.

 

Previous Post

Bitcoin (BTC) wants to hit 8-week high, Ethereum (ETH) climbs to $1,800

Next Post

Oculus Rift in an episode of South Park

admin

admin

Related Posts

ChatGPT gets paid version with subscription model
IT news

ChatGPT gets paid version with subscription model

February 2, 2023
When is the HOT SALE 2023 in Mexico?
IT news

When is the HOT SALE 2023 in Mexico?

January 31, 2023
Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…
IT news

Image technology: DHL warns against fake SMS – you need to know that fake SMS with supposed address queries from DHL are circulating at the moment. Sometimes the messages seem very authentic. That’s what’s behind it. More…

January 25, 2023
Next Post

Oculus Rift in an episode of South Park

Premium Content

Ekaterinburg branch “Uralsvyazinform” have coped with the incidents

August 17, 2020
Install and check Kubevirt in Kubernetes.

The KubeVirt project of the CNCF

December 22, 2021
Netflix Denmark-see the differences prices on a Netflix subscription

Netflix Denmark-see the differences prices on a Netflix subscription

November 23, 2021

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • ChatGPT gets paid version with subscription model
  • When is the HOT SALE 2023 in Mexico?
  • The advantages of dedicated servers: cost, performance, security

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?