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Crypto Prune > News > Crypto > Bitcoin > Bitcoin (BTC) price forecast for August 4th
Bitcoin

Bitcoin (BTC) price forecast for August 4th

5 months ago 1 Min Read

According to Coinstats, all top 10 coins have returned to the Green Zone on the first day of the week.

Article image

BTC/USD

Bitcoin (BTC) prices have risen 1.36% since yesterday.

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On the hourly chart, BTC rates have risen after a breakout level of $114,926. If the buyer is able to hold the initiatives he has acquired, the rise could last up to the $116,000 mark.

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With a longer time frame, buyers are about to seize the initiative. However, traders may need more time to accumulate energy for further movement.

In this respect, regional consolidation between $114,000 and $117,000 is the most likely scenario.

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From a medium-term perspective, neither the bull nor the bears have control over the market situation. This statement is confirmed by a drop in volume. Overall, traders are unlikely to see an increase in volatility any time soon.

Bitcoin is trading at $115,288 at press time.

See also  Winklevoss Twins inject Bitcoin into Trump-related mining ventures
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