Tuesday, August 29, 2023

BTC-USD Expected Price Range for 2023-08-29

Summary: On 2023-08-29, the expected price range for BTC-USD was projected to have a low of 25,526.23 and a high of 26,620.40. This forecast was based partially on the previous day's data, where the opening price was 26,091.44, the highest point reached was 26,221.72, the lowest point was 25,860.09, and the closing price was 26,106.39.

Date: 2023-08-28

Open: 26,091.44

High: 26,221.72

Low: 25,860.09

Close: 26,106.39

Next day: 2023-08-29

Expected low: 25,526.23

Expected high: 26,620.40

Note: The spread between the expected low ($25,526.23) and the expected low ($26,620.40) has narrowed to just under $1,100. When these spreads get very narrow, the price tends to make a large move either up or down. This appears to be what is happening today with the Bitcoin price moving above $27,500 - an over 5.5% move higher.

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