{"id":481817,"date":"2022-08-06T16:53:52","date_gmt":"2022-08-06T13:53:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold\/"},"modified":"2022-08-06T16:53:52","modified_gmt":"2022-08-06T13:53:52","slug":"bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold\/","title":{"rendered":"# Bitcoin price: weekend volatility \u2018expected\u2019 with $22K level to hold"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34f3e079c40\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34f3e079c40\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold\/#%E2%80%9D_Bitcoin_price_weekend_volatility_%E2%80%98expected_with_22K_level_to_hold_%E2%80%9C\" >&#8221; Bitcoin price: weekend volatility \u2018expected\u2019 with $22K level to hold &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold\/#Daily_chart_gives_trader_30000_target\" >Daily chart gives trader $30,000 target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold\/#Monthly_RSI_hints_BTC_price_comeback_is_beginning\" >Monthly RSI hints BTC price comeback is beginning<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_price_weekend_volatility_%E2%80%98expected_with_22K_level_to_hold_%E2%80%9C\"><\/span>&#8221; Bitcoin price: weekend volatility \u2018expected\u2019 with $22K level to hold &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/e6e9b264-c88e-4e4b-8c91-fe90776a5183.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Daily_chart_gives_trader_30000_target\"><\/span>Daily chart gives trader $30,000 target<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> showed BTC\/USD climbing overnight to once again sit near the top of its established trading range.<\/p>\n<p>After multiple attempts to break out above range resistance at $23,500, the pair <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared still stuck in limbo at the time of writing, but hopes of bullish continuation were already there.<\/p>\n<p>\u201cExpecting more volatility over the wknd,\u201d on-chain monitoring resource Material Indicators wrote in part of its latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1555640735122313216\/photo\/1\">Twitter update<\/a> on Aug. 5. <\/p>\n<blockquote><p>\u201cIf the Bear Market Rally can push BTC above 25k there isn&#8217;t much friction to 26k &#8211; 28k range. Losing the trend line would be bad for bullish hopes and dreams.\u201d<\/p><\/blockquote>\n<p>$28,000 would be over 20% higher than current spot price, and would represent a near two-month high.<\/p>\n<p>Material Indicators included a chart showing the trendline mentioned sitting at $22,000 \u2014 around Bitcoin\u2019s current realized price.<\/p>\n<p>The chart further showed bid support increasing im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely below spot, while major resistance lay at $24,500.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/f59ff620-a8fa-4cb6-a683-5ea55b6bf4f0.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD buy and sell levels (Binance) with trendline. Source: Material Indicators\/ Twitter<\/em><\/figcaption><\/figure>\n<p>Weekend trading traditionally sparks more volatile price action thanks to a lack of liquidity on exchange order books, which are dominated by retail traders while institutions and professionals stay away until the new trading week.<\/p>\n<p>Analyzing the daily chart, meanwhile, popular trading account CROW entertained even higher levels, revealing plans to take profits only at $30,000 as long as Bitcoin continued making higher highs and higher lows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a><br \/>Keeping it simple<\/p>\n<p>The market structure is bullish, and I&#8217;ll stay bullish as long as we&#8217;re making Higher Lows and Higher Highs.<\/p>\n<p>$30k is my main area of interest to take profit.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/LGGyW5whB4\">pic.twitter.com\/LGGyW5whB4<\/a><\/p>\n<p>\u2014 CROW (@TheCrowtrades) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheCrowtrades\/status\/1555843842317901827?ref_src=twsrc%5Etfw\">August 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;Weekend is all about range trading due to the fake outs,&#8221; trader Crypto Tony <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1555809497070948352\">added<\/a>. <\/p>\n<blockquote><p>&#8220;I like to identify the range and then play accordingly Ranges are effective at identifying true breakouts, or fake outs. You can play both of them.&#8221;<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Monthly_RSI_hints_BTC_price_comeback_is_beginning\"><\/span>Monthly RSI hints BTC price comeback is beginning<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Turning to on-chain data, PlanB, creator of the Stock-to-Flow family of Bitcoin price models, again flagged relative strength index (RSI) performance flipping bullish.<\/p>\n<p><strong><em>Related:\u00a0\u2018Insane evidence\u2019 Bitcoin has capitulated in past 2 months \u2014 analysis<\/em><\/strong><\/p>\n<p>RSI is a core metric which shows how comparatively overbought or oversold BTC is at a certain price, and in June hit its lowest levels ever.<\/p>\n<p>Now rebounding, RSI could even signal an end to the 2022 bear market, PlanB suggested.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> Relative Strength Index (RSI) bounced back in June. Bear market over? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/hsb6S6aW0n\">pic.twitter.com\/hsb6S6aW0n<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1555836145489035265?ref_src=twsrc%5Etfw\">August 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a previous post on Aug. 3, meanwhile, PlanB acknowledged that BTC\/USD was still &#8220;far below&#8221; the stock-to-flow daily estimate, this being $83,475 for Aug. 6 according to automated calculator <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/s2fmultiple\/status\/1555776995031744512\">S2F Multiple<\/a>.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-weekend-volatility-expected-with-22k-level-to-hold\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin price: weekend volatility \u2018expected\u2019 with $22K level to hold &#8220; Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily chart gives trader $30,000 target Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD climbing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":481818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvMTVjZjU4NTctOGNmZC00NWZkLWE3MjEtOTQyNmUzMzYwZTQ1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-481817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/481817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=481817"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/481817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/481818"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=481817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=481817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=481817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}