Bitcoin lunch Price BTC and crypto weekend and year forecast

Bitcoin lunch: Price BTC and crypto: weekend and year forecast

During this Bitcoin (BTC) update, we will of course let you know where to find live Bitcoin (BTC) and live crypto prices. We also look ahead to the BTC price forecast for the rest of the year and the Bitcoin price movement for the weekend.

We begin, of course, with the live Bitcoin (BTC) price and the prices of the top 25 crypto.

Live Bitcoin (BTC) price and prices top 25 crypto can be found here

Due to a busy schedule, we prepared this Bitcoin (BTC) update a little earlier than usual. Therefore, you can find the live Bitcoin (BTC) price and prices of the top 25 crypto 24 hours a day and thus all weekend on the site of our independent colleagues at

Is Bitcoin (BTC) losing its bullish momentum?

After a number of weeks of growth, we see that the Bitcoin (BTC) price is falling back somewhat after attacking the $25,000 resistance at the beginning of the week. In doing so, as we indicated earlier, it is especially significant that the currency has now been trading below $24,000 for some time. With that, analysts fear that the currency is losing its bullish momentum and there are indications of that.

Bitcoin crypto cryptocoins cryptocurrencyBitcoin (Image: Pexels / Alesia Kozik)

Thus, we see that the open interest in the futures market is falling, which is a bearish signal. On top of that, the so-called funding rates are shooting below neutral. This is an indicator that traders do not expect a recovery of the BTC price in the short term.

Furthermore, we see that the price of the US dollar is recovering. This is not a good sign according to analyst Justin Bennett.

Twitter won’t load because you didn’t give permission.

GM legends! ☕

Expect #stocks and #crypto to struggle while the US dollar is doing this.

The $DXY just took out 107 on its way to 107.40.

I still think we see 112-113. Be careful out there.$BTC $ETH

– Justin Bennett (@JustinBennettFX) August 18, 2022

In doing so, he expects that the bottom for the BTC price and other crypto has not yet been reached.

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This is mind-blowing. 🤯

The S&P 500 is mimicking the 2008 crash. Even the timing since the ATH is nearly identical.

The bottom is NOT in for #stocks or #crypto.$SPY $SPX $BTC $ETH

– Justin Bennett (@JustinBennettFX) August 17, 2022

What is the BTC forecast for the rest of the year?

He is not alone in that opinion. Indeed, the analysts at Crypto Quant note that the bear rally of the beginning of this year was less drastic in both duration and percentage decline than the crypto winters of 2014 and 2018. With Justin Bennett, they conclude that the bear market has not yet bottomed out. They assume a consolidating, slightly bearish phase that will lead to a sharp decline towards the end of the year.

With that, they believe the price will end the year between $10,000.00 and $14,500.00 based on historical analysis. So that’s not even enough for an imitation Bugatti. Fortunately, after that they do expect a bull phase that will continue until the next halving in 2024.

By the way, the question is whether we can still use these analyses as a guide. After all, these are based on the “halving cycles theory” and this was broken earlier this year. In addition, there are many more institutional investors active in this bear market than during the previous crypto winters.

Our Bitcoin (BTC) price forecast for the weekend

Currently we see that Bitcoin (BTC) is trapped in a bandwidth between resistances at $24,500 and $25,000 on the upside. After the previous repelled attacks and the subsequent decline in the BTC price, we do not expect a bullish breakout this weekend.

Bitcoin crypto cryptocoins cryptocurrencyThe well known logo of Bitcoin (Image: Pexels / Roger Brown)

With that, a consolidating Bitcoin (BTC) price is obvious, with the psychologically important $23,000 threshold and the support below that at the 200-week moving average (around $22,800). As long as the currency manages to stay above this, we can expect a consolidating picture. If the currency drops through these support levels we expect a bearish price development.

Want to stay informed about the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly price forecast on Monday morning might be a reading tip.

“Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide rationally if, when, what and how much to invest in.”

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