{"id":549097,"date":"2023-08-28T09:53:48","date_gmt":"2023-08-28T09:53:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=549097"},"modified":"2024-06-11T10:41:53","modified_gmt":"2024-06-11T10:41:53","slug":"the-great-bitcoin-comeback-will-alpha-coin-retake-28000-before-august-ends","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/the-great-bitcoin-comeback-will-alpha-coin-retake-28000-before-august-ends\/","title":{"rendered":"The Great Bitcoin Comeback: Will Alpha Coin Retake $28,000 Before August Ends?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin (BTC) is currently marked by cautious sentiments as the Crypto Fear and Greed Index holds steady within the fear zone, scoring 39 out of 100 and showing a slight increase from the previous day. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin&#8217;s price trend takes center stage, influenced by the evolving dynamics of the market.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/all\/shiba-inu-nears-make-or-break-resistance-barrier-what-awaits-traders\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Nears Make-Or-Break Resistance Barrier \u2013 What Awaits Traders?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Zooming in on the price action reveals a distinct pattern on the 4-hour timeframe. Bitcoin&#8217;s price, guided by a falling channel pattern, traces a consistent downtrend, oscillating between two parallel trendlines. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This price movement hints at the formation of a well-recognized bullish reversal pattern, known as the falling parallel channel.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At its current valuation of $25,877 according to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, Bitcoin experienced a minor 0.6% dip in the last 24 hours and a marginal 0.3% decline over the past week. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite these fluctuations, the price behavior strikingly emulates the falling parallel channel, suggesting the potential for a shift in momentum.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-549104\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-165.png?resize=373%2C335\" alt=\"\" width=\"373\" height=\"335\"><\/p>\n<h2><strong>Deciphering Bitcoin Falling Parallel Channel<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The falling parallel channel is a technical pattern often observed during a downtrend. It features two parallel trendlines encompassing the price action within a defined range. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The lower trendline provides a support level, while the upper trendline acts as resistance. This pattern typically indicates a possible trend reversal, with a breakout above the upper trendline indicating an imminent bullish recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For Bitcoin, a significant breakout involving a 4-hour candle closure above the upper trendline could trigger the anticipated bullish bounce. This potential surge, according to <\/span><a href=\"https:\/\/coingape.com\/markets\/will-btc-price-regain-28000-before-august-end\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">price analysis<\/span><\/a><span style=\"font-weight: 400\">, has the capacity to propel prices upwards by approximately 8%, leading to a retest of the $28,500 resistance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, prudence remains paramount as the overarching trend still displays negative undertones. Traders and cryptocurrency holders are urged to proceed cautiously at this resistance point, as the potential for sellers to regain bearish momentum persists, possibly resulting in an extended corrective phase.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/HwCj3djN\/\" width=\"1835\" height=\"893\"><\/p>\n<pre style=\"text-align: center\">Bitcoin (BTC) is currently trading at $25.928. Chart by <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><strong>Understanding The Fear And Greed Index&#8217;s Significance<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In a sentiment-driven market, the <\/span><a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Crypto Fear and Greed Index<\/span><\/a><span style=\"font-weight: 400\"> holds substantial importance. It offers valuable insights into the collective psychological state of investors and traders, shedding light on their overall outlook.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> A prolonged presence within the lower spectrum, exemplified by the current fear score of 39\/100, underscores the prevailing apprehension and uncertainty among market participants. This underscores the need for judicious decision-making amidst the interplay of technical patterns and market sentiment.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/all\/worldcoin-meltdown-50-crash-caused-by-mounting-data-privacy-paranoia\/\" target=\"_blank\" rel=\"noopener \">Worldcoin Meltdown: 50% Crash Caused By Mounting Data Privacy Paranoia<\/a><\/div>\n<p><span style=\"font-weight: 400\">The sustained position of the Crypto Fear and Greed Index within the fear zone, coupled with Bitcoin&#8217;s price dynamics marked by the falling parallel channel, underscores the intricate interplay of forces within the cryptocurrency market.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> As traders closely monitor the potential breakout and its potential repercussions, exercising caution remains pivotal in navigating this intricate landscape.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from Makersplace<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) is currently marked by cautious sentiments as the Crypto Fear and Greed Index holds steady within the fear zone, scoring 39 out of 100 and showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin&#8217;s price trend takes center stage, influenced by the evolving dynamics of the market. Related Reading: Shiba Inu Nears Make-Or-Break Resistance Barrier \u2013 What Awaits Traders? Zooming in on the price action reveals a distinct pattern on the 4-hour timeframe. Bitcoin&#8217;s price, guided by a falling channel pattern, traces a consistent downtrend, oscillating between two parallel trendlines. This price movement hints at the formation of a well-recognized bullish reversal pattern, known as the falling parallel channel. At its current valuation of $25,877 according to CoinGecko, Bitcoin experienced a minor 0.6% dip in the last 24 hours and a marginal 0.3% decline over the past week. Despite these fluctuations, the price behavior strikingly emulates the falling parallel channel, suggesting the potential for a shift in momentum. Deciphering Bitcoin Falling Parallel Channel The falling parallel channel is a technical pattern often observed during a downtrend. It features two parallel trendlines encompassing the price action within a defined range. The lower trendline provides a support level, while the upper trendline acts as resistance. This pattern typically indicates a possible trend reversal, with a breakout above the upper trendline indicating an imminent bullish recovery. For Bitcoin, a significant breakout involving a 4-hour candle closure above the upper trendline could trigger the anticipated bullish bounce. This potential surge, according to price analysis, has the capacity to propel prices upwards by approximately 8%, leading to a retest of the $28,500 resistance.\u00a0 However, prudence remains paramount as the overarching trend still displays negative undertones. Traders and cryptocurrency holders are urged to proceed cautiously at this resistance point, as the potential for sellers to regain bearish momentum persists, possibly resulting in an extended corrective phase. Bitcoin (BTC) is currently trading at $25.928. Chart by TradingView.com Understanding The Fear And Greed Index&#8217;s Significance In a sentiment-driven market, the Crypto Fear and Greed Index holds substantial importance. It offers valuable insights into the collective psychological state of investors and traders, shedding light on their overall outlook. A prolonged presence within the lower spectrum, exemplified by the current fear score of 39\/100, underscores the prevailing apprehension and uncertainty among market participants. This underscores the need for judicious decision-making amidst the interplay of technical patterns and market sentiment. Related Reading: Worldcoin Meltdown: 50% Crash Caused By Mounting Data Privacy Paranoia The sustained position of the Crypto Fear and Greed Index within the fear zone, coupled with Bitcoin&#8217;s price dynamics marked by the falling parallel channel, underscores the intricate interplay of forces within the cryptocurrency market. As traders closely monitor the potential breakout and its potential repercussions, exercising caution remains pivotal in navigating this intricate landscape. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Makersplace<\/p>\n","protected":false},"author":557,"featured_media":549100,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1122,1144,89236,8686],"class_list":["post-549097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc-price","tag-btcusd","tag-crypto-fear-and-greed-indexprice-action","tag-ethusd"],"acf":[],"yoast_head":"\n<title>The Bitcoin Comeback: Will It Retake $28K Before August Ends?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) is currently marked by cautious sentiments as the Crypto Fear and Greed Index holds steady within the fear zone, scoring 39 out of 100 and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"The Great Bitcoin Comeback: Will Alpha Coin Retake $28,000 Before August Ends?","url":"http:\/\/ktsl888.com\/news\/the-great-bitcoin-comeback-will-alpha-coin-retake-28000-before-august-ends\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/the-great-bitcoin-comeback-will-alpha-coin-retake-28000-before-august-ends\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-34.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-34.jpg?fit=1000%2C829"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc price","btcusd","crypto fear and greed indexprice action","ethusd"],"dateCreated":"2023-08-28T09:53:48Z","datePublished":"2023-08-28T09:53:48Z","dateModified":"2024-06-11T10:41:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"The Great Bitcoin Comeback: Will Alpha Coin Retake $28,000 Before August Ends?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/the-great-bitcoin-comeback-will-alpha-coin-retake-28000-before-august-ends\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/the-great-bitcoin-comeback-will-alpha-coin-retake-28000-before-august-ends\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-34.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-34.jpg?fit=1000%2C829\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc price\",\"btcusd\",\"crypto fear and greed indexprice action\",\"ethusd\"],\"dateCreated\":\"2023-08-28T09:53:48Z\",\"datePublished\":\"2023-08-28T09:53:48Z\",\"dateModified\":\"2024-06-11T10:41:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-34.jpg?fit=1000%2C829","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/549097"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=549097"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/549097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/549100"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=549097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=549097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=549097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}