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 <h2 id="strong-the-btc-price-outlook-strong"><strong>The BTC Price Outlook</strong></h2> 
 <p><span style="font-weight: 400"><a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> is currently changing hands at a price of $29,368.16 as it is currently paring off the losses acquired over the past 24 hours. Overall, <a rel="noopener noreferrer nofollow" title="BTC price" href="https://thebittimes.com/tag/btc-price.html">BTC price</a> has maintained a slim gain in the past week, drawing on the accumulated gain of 2.3% in the time under review.</span></p>  
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 <p><span style="font-weight: 400">To CrediBULL, there is a high possibility that the </span><span style="font-weight: 400"><a rel="noopener noreferrer nofollow" title="BTC price" href="https://thebittimes.com/tag/btc-price.html">BTC price</a></span><span style="font-weight: 400"> will retest the 28,700 to 29,000 price range in the short term. This range, if tested, he believes will hold and not fuel an additional drawdown provided the bottom is in. According to the analyst, failure to hold this price range will be a sign that there is a need for more selloffs to counterbalance the impulsive buying that we have seen in recent times.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">I think we test 28.7k-29k at some point. If bottom is in, it should hold. If we lose it, one more flush down as per my last tweet (quoted). </p> 
  <p>Ideally would like to see some liq taken above before we test GREEN.</p>  
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  <p>That is the most important region on the chart right now imo. $BTC https://t.co/oWAauFZyHq pic.twitter.com/8FNBZZ2Vpy</p> 
  <p>— CrediBULL Crypto (@CredibleCrypto) August 13, 2023</p> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">The analyst believe it is better to pick up a slump at this price point before we usher in another bull run. This is because corrections are a crucial part of every bull run and whether we welcome one in now or later, nothing will change the status quo.</span></p>  
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 <p><span style="font-weight: 400">Thus far this year, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> has not beaten the Year-to-Date (YTD) high of $31,474 and this remains a crucial level to watch in the coming week.</span></p> 
 <h2 id="strong-the-fundamentals-sustaining-btc-strong"><strong>The Fundamentals Sustaining BTC</strong></h2> 
 <p><span style="font-weight: 400">The resilience of Bitcoin thus far this year is a function of its broad fundamentals. The US missed the approval of Ark Invests spot Bitcoin ETF approval from the SEC as the long-awaited </span><span style="font-weight: 400">decision was delayed</span><span style="font-weight: 400"> yet again.</span></p> 
 <p><span style="font-weight: 400">Many industry experts have tipped the spot BTC ETF approval as the major push that may help trigger the massive upsurge that may push the price of the premier digital currency beyond the $32,000 price resistance it has battled with since the start of the year.</span></p> 
 <p><span style="font-weight: 400">In all, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s resurgence is now more of a matter of when, and not if.</span></p> 
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$28k Or $32k? What's Next For BTC Price Coming Week

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