{"id":65239,"date":"2022-08-02T16:36:03","date_gmt":"2022-08-02T13:36:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65239"},"modified":"2025-09-06T18:52:06","modified_gmt":"2025-09-06T15:52:06","slug":"arcane-research-bitcoin-price-targets-27000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arcane-research-bitcoin-price-targets-27000\/","title":{"rendered":"Arcane Research: Bitcoin price targets $27,000"},"content":{"rendered":"<p>If bitcoin holds the $20,700 level, the price is likely to move into the $27,000\u2013$28,000 range, according to the latest report from <a href=\"https:\/\/arcane.no\/research\/when-the-financial-markets-go-risk-on-crypto-surges\" title=\"Arcane Research\">Arcane Research<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Analysts note that since July a series of higher local lows has been forming.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"616\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/chart-44-1024x616.png\" alt=\"Arcane Research: Bitcoin price targets $27,000\" class=\"wp-image-180628\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/chart-44-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/chart-44-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/chart-44-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/chart-44.png 1137w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Arcane Research.<\/figcaption><\/figure>\n<p>The uptrend ran into resistance at $24,000. Subsequently, a correction moved the price to levels below $23,000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf bitcoin falls below $20,700, it will mark a declining minimum. This is a bearish signal in the context of technical analysis,\u201d the experts explained.<\/p>\n<\/blockquote>\n<p>If bitcoin holds above the aforementioned level, the price will register another rising local minimum. This would open potential for further movement toward the $27,000\u2013$28,000 range, Arcane Research believes.<\/p>\n<p>The firm noted that much depends on the dynamics of the US stock market, with bitcoin&#8217;s price closely correlated to it. The dynamics of the key rate, <span data-descr=\"Federal Reserve System\" class=\"old_tooltip\">the Fed<\/span>, also play a key role.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cRising interest rates raise the cost of capital and, thus, are a driver of falling stock prices. Tech shares are hit hardest. As the degree of institutionalisation of bitcoin grows, it has become closely linked to traditional financial markets,\u201d the researchers explained.<\/p>\n<\/blockquote>\n<p>They noted that if the stock market continues to decline, the downtrend in digital gold will persist. <\/p>\n<p>Earlier ForkLog <a href=\"https:\/\/forklog.com\/en\/news\/on-chain-aasi-indicator-signals-likely-bitcoin-correction\">reported<\/a> a probable short-term correction of bitcoin, based on data from the on-chain indicator AASI.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news in our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If bitcoin holds the $20,700 level, the price is likely to move into the $27,000\u2013$28,000 range.<\/p>\n","protected":false},"author":1,"featured_media":65240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1874,480,1253],"class_list":["post-65239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arcane-research","tag-bitcoin-price","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=65239"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65239\/revisions"}],"predecessor-version":[{"id":65241,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65239\/revisions\/65241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/65240"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=65239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=65239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=65239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}