On August 18, Bitcoin rebounded in the short term to above $64,000. The intraday gain was approximately 1%–2.5%. The weekly chart closed slightly higher, becoming the only crypto asset among the top by market value that recorded a notable increase on the day. In contrast, Ethereum edged down to below $1,900, Ripple fell more than 1% and broke below $1, and Dogecoin, $BNB , and others followed with slight declines. $SOL was essentially flat, hovering around $76.
Analyst Peter Schiff still maintains a bearish stance, saying the $65000 area could be a potential selling window, and urging attention to the key resistance level where contention may arise. Overall, the crypto market’s near-term trend is diverging: Bitcoin appears relatively resilient, but confidence among other major coins is lacking. Investors should be mindful of volatility risk.
For informational purposes only and not investment advice.
Analyst Peter Schiff still maintains a bearish stance, saying the $65000 area could be a potential selling window, and urging attention to the key resistance level where contention may arise. Overall, the crypto market’s near-term trend is diverging: Bitcoin appears relatively resilient, but confidence among other major coins is lacking. Investors should be mindful of volatility risk.
For informational purposes only and not investment advice.