The Bitcoin price can stabilize for the time being, but has not yet managed to end its sideways phase sustainably. Increased investments in altcoins allow the BTC dominance to be significantly corrected.BTC rate : 34,589 USD (previous week: 34,260 USD)Resistances \/ Targets: $ 35,025, $ 36,097, $ 37,910, $ 39,130, $ 40,407, $ 41,970, $ 43,703, $ 45,710, $ 61,694, $ 77,678Price analysis based on the value pair BTC \/ USD on CoinbaseThe sideways phase of the Bitcoin price that was used in the previous week continues for the time being. On the upside, the area around 38,000 USD acted as price limiting in the last few days. On the downside, the support area seems to be holding up around USD 34,000 for the time being. A break out of this trading range in the coming trading days should lead to a decision on the direction.The BTC price continued to move sideways within a USD 4,000 range this trading week. As long as Bitcoin does not fall below USD 37,770 per day\u2019s closing price and thus permanently abandons the EMA20 (red), there are still opportunities for increase back towards the upper edge of the range at USD 37,910. If the BTC price can rise back above the resistance at USD 35,025 in a timely manner and also recapture USD 36,097, the area around USD 37,910 will again move into the focus of investors. If the bulls manage to dynamically overcome this resistance level, the chart image brightens noticeably. The BTC rate should then target the USD 39,130 \u200b\u200barea again.Only when Bitcoin dynamically breaks through this resistance mark is a renewed run at USD 40,407 to be expected. If investors regain courage and increasingly rely on a rising BTC price, the likelihood of a price increase increases to the all-time high\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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