Bitcoin made a correction down to the 26,800 level. So this corresponds to the 0.786 Fibonacci level. Currently, it’s struggling to break above this level and is moving sideways. If it fails to break through again, we might see a pullback towards 25,800. If it breaks and closes above this level, the next targets could be 27,800 and 28,200.

To better understand various scenarios in the sideways-moving crypto market, also we analyzed the Bitcoin chart based on past 4-hour candlestick patterns. Interestingly, we noticed that the candlestick patterns between July 24th and August 16th started to resemble each other. So we believe this could be an interesting starting point for predicting potential future movements.

In the coming days, if Bitcoin makes a move towards $27,500 and then experiences a sharp decline, it appears to resemble a pattern similar to that seen in the past. Around a date like September 10th, there is a possibility of approximately a 10% drop based on past candlestick similarities.

However, it’s important to note that this analysis is solely based on structural similarities.

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The Latest Status of Bitcoin and Cryptocurrencies

• Bitcoin (BTC) is trading at $27,316 with a 0.18% decrease against the USD. The resistance levels for BTC are in the range of $27,500 to $28,800, while the support levels are between $27,250 and $26,000.
• Ethereum (ETH) is trading at $1,703 with a 0.14% decrease against USDT. ETH has resistance levels between $1,766 and $1,857, while its support levels range from $1,638 to $1,590.
• Ocean (OCEAN) is trading at $0.33 with a 2.54% increase against the USD. OCEAN’s resistance levels are in the range of $0.36 to $0.39, while its support levels are between $1.36 and $1.20.
• Ape (APE) trades at $1.48 with a 0.58% decrease against USD. APE has resistance levels from $1.51 to $1.62, and its support levels range from $1.46 to $1.39.
• Fetch.ai (FET) is trading at $0.24 with a 5.78% increase against USD. FET’s resistance levels are between $0.257 and $0.28, and its support levels range from $0.234 to $0.22.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – August 31 appeared first on Coin Engineer.

Bitcoin is currently maintaining a sideways trend, and as we approach the weekend, we might see some significant movements in Bitcoin. If Bitcoin closes below the 25,800 level, we could discuss a scenario of decline. To talk about Bitcoin resuming its upward trend, also we would need to see closures aboce the 26,800 level.

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The Latest Status of Bitcoin and Cryptocurrincies

• Bitcoin (BTC) is trading at $26,142 with a 0.05% increase against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200 , while the support levels are in the range of $26,000 to $25,000.
• Ethereum (ETH) is trading at $1,651 with a 0.12% decrease against USDT. The resistance levels for ETH are in the range of $1,694 to $1,731 , while the support levels are in the range of $1,642 to $1,550.
• Tomo (TOMO) is trading at $0.98 with a 3.07% decrease against the USD. The resistance levels for TOMO are in the range of $1.09 to $1.29 , while the support levels are in the range of $0.94 to $0.84.
• ApeCoin (APE) is trading at $1.43 with a 1.05% decrease against the USD. The resistance levels for APE are in the range of $1.52 to $1.66 , while the support levels are in the range of $1.35 to $1.12.
• Curve (CRV) is trading at $0.45 with a 0.16% increase against the USD. The resistance levels for CRV are in the range of $0.49 to $0.54, while the support levels are in the range of $0.43 to $0.36.

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The post The Latest Status of Bitcoin and Cryptocurrencies! – August 26 appeared first on Coin Engineer.