Bitcoin

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The <a href="https://u.today/solana-sol-prediction-for-august-29" rel="noopener noreferrer nofollow">growth</a> has been stopped as most of the coins have come back to the red zone, according to CoinMarketCap. <img data-entity-type="file" data-entity-uuid="40966890-5b2f-4720-a108-60a62039c60e" src="https://u.today/sites/default/files/inline-images/top10_1327.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has fallen by 2.3% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="6ad6b474-597d-4def-81d4-4c1d3990e441" src="https://u.today/sites/default/files/inline-images/btc1_218.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC is coming back to the local support level of $58,688. If the daily bar closes near that mark, one can expect an ongoing drop to the $58,000 area. <img data-entity-type="file" data-entity-uuid="df998bfc-de32-42bd-ab28-c827ba3eaa5d" src="https://u.today/sites/default/files/inline-images/btc2_199.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, neither buyers nor sellers are dominating.&nbsp;
If nothing changes, sideways trading in the zone of $58,000-$61,000 is the more likely scenario until the end of the week. <img data-entity-type="file" data-entity-uuid="fff70c86-d084-49c5-a926-d6461903dbfa" src="https://u.today/sites/default/files/inline-images/btc3_197.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the weekly candle's closure. If it happens below the $58,000 mark, traders may witnesse a drop to the $54,000 range.
Bitcoin is trading at $59,112 at press time.

Bitcoin (BTC) Prediction for August 30

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