Bitcoin

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Bulls are trying to seize the initiative by the end of the day, according to the <a href="https://u.today/doge-and-shib-price-analysis-for-august-23" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="f7988721-719a-427b-a016-e3dae7b5c699" src="https://u.today/sites/default/files/inline-images/top10_612.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="btc-usd">BTC/USD</h2> 
The price of Bitcoin (BTC) has increased by 0.21% over the past 24 hours. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="a964d17b-ca9c-4596-8dc2-a9b14f33aba7" src="https://u.today/sites/default/files/inline-images/btc1_128.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of Bitcoin (BTC) is looking bullish as it is trying to fix above the vital zone of $26,000. 
If that happens, there is a good chance of seeing a resistance breakout, followed by further growth to the $26,500 area. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="fed6ffe1-4cc1-4495-a84e-498068dcfd97" src="https://u.today/sites/default/files/inline-images/btc2_113.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the rate of BTC is not ready yet for a sharp move as it has not accumulated enough energy yet. However, if the upward move continues to the resistance at $26,264, buyers might seize the initiative, which could lead to a possible test of the $27,000 mark soon. 
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="491bc6dc-c06e-4de8-9bfa-357f0b2d8615" src="https://u.today/sites/default/files/inline-images/btc3_111.png"> 
Image by <a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the weekly chart, the price of BTC has made a false breakout of the support of $25,601. If the bar closes far from that mark, one can expect a correction to the $26,800-$27,000 zone by the end of the month. 
Bitcoin is trading at $26,117 at press time.

Bitcoin (BTC) Price Analysis for August 23

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