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While Bitcoin has been consolidating for a while, it has actually delivered a better performance than the US equity market. On-chain data provider Santiment explains that Bitcoin remains within a narrow price range at $29.4k, and interestingly, this stable trend is currently showing better performance compared to equity markets such as the #SP500 in August. The shift away from the correlation that started in mid-July has historically been advantageous for #crypto prices. advertisement Courtesy: Santiment On Tuesday, August 15, QCP Capital reported that the Bitcoin (BTC) price could be heading to $34,000 as it rests on a crucial support level. As per QCP Capital, September would be a key month, adding that $29,300 would serve as a specific area of interest. It added: “On the charts, the wedge pattern that BTC has been trading in since its 15k lows reaches its first termination point at the start of Sep. Will there be a sharp rally that takes us to the 34k re...

Similarly, the broader cryptocurrency market has eroded over $40 billion of investors’ wealth and is on the verge of falling under the $1 trillion mark. advertisement As of now, $25,000 stands as a strong support level for Bitcoin (BTC), and any fall under this could push it further down to $23,500 and below. There we go on #Bitcoin. The lows are getting swept. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read ...

Popular crypto analyst Michael Van de Poppe stated that the recent price breakout sets Bitcoin up for the next rally to $36,000 and beyond. He noted: advertisement Strong movements on #Bitcoin  as it swept all the lows in recent moves and grinds back up to $27.2K. Patience, as flipping $27.2K is the first serious trigger for continuation upwards. In that case, close to a temporary bottom & potentially new highs to $36-42K still possible. Another crypto analyst Ali Martinex explained: “ The TD Sequential presented a buy signal on $BTC daily chart, anticipating a potential rebound. Notice how accurate the TD has been at forecasting local bottoms in the past two months. Still, it will depend on #BTC ability to hold above $26,360″. Trending Stories Dogecoin Price Analysis : Will DOGE Price Hit $0.1 Mark Before May 2023 End? 24/7 Cryptocurrency News XRP Price Analysis : Accumulation at Crucial Support ...