Last Week: After Crossing $12K Threshold, Bitcoin Turns Down

Last week ended on August 23, Bitcoin stopped at $11,662, Down 2.19% from the previous week.

Actually, before stopping at this decline, in the last week, the Bitcoin price has had time to increase. Specifically, Bitcoin bounced to $12,489 on the first day of the week before reversing.

As predicted last week, Bitcoin will sometimes surpass the 12K threshold, but it will not hold for long and turn down, sometimes dropping to $11,392.

One week has 7 days and all 4 days Bitcoin is in the red, down 2.75% on Tuesday and 2.98% on Thursday. Thanks to a 3.14% increase on Monday, it can be said that Bitcoin also limits the decline somewhat.

Bitcoin price chart

Bitcoin Price Prediction For The Week Ahead

Bitcoin will need to regain the $11,850 mark, in order to support running its first major resistance at $12,300.

Through the rumors and positive predictions of experts for Bitcoin, which will help the market become more active, it is necessary for Bitcoin to once again surpass $12K.

The week’s first major resistance of $12,300 will be the highlight to alert everyone to avoid a bloodbath.

• If a breakout occurs, the second major resistance is likely at $12,950 and one at $13,000.
• If BTC fails to break past $11,850, then the first major support stops at $11,205.

Without a prolonged sell-off, Bitcoin would avoid its second major support at $10,750. However, in the event of a sell-off, expect support at $10,500 to be tested for the week.

At the time of writing, Bitcoin is up 0.05% to $11,668. It was a complete week start on the first day of the week. Early in the morning, BTC dropped to as low as $ 11,605 before rising to a high of $11,668.