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 <h2 id="bitcoin-price-fall-below-25k-and-dogecoin-doge-to-rally">Bitcoin Price Fall Below $25K and Dogecoin (DOGE) to Rally</h2> 
 <p>Popular analyst Rekt Capital on August 7 comes with a shocking Bitcoin price prediction. He believes that a weekly candle close below $29250 isn’t ideal because this level may flip into new resistance. This will cause Bitcoin to fall much lower as the weekly bearish divergence adds a bearish confluence this time.</p>  
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">#BTC Double Top structures tend to be quite symmetrical</p> 
  <p>The 1st half of the Double Top took ~90 days to form</p> 
  <p>This 2nd part of the Double Top has been forming for 56 days</p>  
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  <p>The $BTC Double Top could fully complete in just over a month's time, by mid-September#Crypto #Bitcoin pic.twitter.com/zY5rkIDtK9</p> 
  <p>— Rekt Capital (@rektcapital) August 7, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>If Bitcoin price drops to $26000 by mid-September then a ‘double top’ may form. A further breakdown from $26000 would validate the double top, with a measured move to $22000. However, Bitcoin chart pattern for the prediction is still in the early stages and anything can change in the meantime.</p> 
 <figure style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20758%20536'%3E%3C/svg%3E" alt="Bitcoin price " width="758" height="536" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F27gXyhWIAAvg97?format=jpg&amp;name=large"> 
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   <img decoding="async" class="" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F27gXyhWIAAvg97?format=jpg&amp;name=large" alt="Bitcoin price " width="758" height="536"> 
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  <figcaption class="wp-caption-text">
    Bitcoin Price in Weekly Timeframe. Source: Rekt Capital 
  </figcaption> 
 </figure> 
 <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">Bitcoin is forming a Weekly Bearish Divergence on the RSI. The main reason to worry is BTC price failed to break the $31,000 resistance despite a </span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">massive trading volume. “Are we seeing mounting weakness in Bitcoin?”</span></p> 
 <p>BTC price currently trades at $29016, moving sideways for almost a week. Also, the price is down more than 1% in a week.</p> 
 <p><strong>Also Read: PayPal Launches USD Stablecoin PYUSD Pushing Crypto Payments</strong></p> 
 <h2 id="dogecoin-price-to-rally">Dogecoin Price To Rally</h2>  
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 <p>Elon Musk’s favorite crypto Dogecoin look to gain momentum above $0.075 for a massive jump to $0.1. Recently, Musk reignites bullish sentiment for Dogecoin after he confirmed that X will never launch a crypto token.</p> 
 <p>Rekt Capital predicts if Dogecoin records a small relief rally this week, it will start moving upwards. Several analysts recently pointed out an upside momentum towards $0.1.</p> 
 <figure style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20744%20526'%3E%3C/svg%3E" alt="Dogecoin price " width="744" height="526" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F27fSkyWwAAgA9X?format=jpg&amp;name=large"> 
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   <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F27fSkyWwAAgA9X?format=jpg&amp;name=large" alt="Dogecoin price " width="744" height="526"> 
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  <figcaption class="wp-caption-text">
    Dogecoin Price in Weekly Timeframe. Source: Rekt Capital 
  </figcaption> 
 </figure> 
 <blockquote> 
  <p>“It will resemble the price behaviour of all the previous retraces that occurred within this pattern when DOGE rejected from resistance.”</p> 
 </blockquote> 
 <p>DOGE price is trading at $0.073, down 1% in the past 24 hours. The 24-hour low and high are $0.0736 and $0.0757, respectively.</p> 
 <p><strong>Also Read: Terra Founder Do Kwon Sells More LFG-Linked Bitcoin As SEC Lawsuit Moves Ahead</strong></p> 
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Popular Analyst Predicts Bitcoin Crash Below $25000, Dogecoin To Rally

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TheBitTimes

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