Bitcoin price is bearishly heading into the weekend and could break below the $29,182 support level as volatility wanes.

Bitcoin price is bearishly heading into the weekend and could break below the $29,182 support level as volatility wanes.

Bitcoin price slides into the weekend with calm
Bitcoin (BTC) price is testing the lower boundary of a triangle pattern forming on the 15-minute chart, with an overall bearish outlook after flipping the 200-, 100- and 50-day Exponential Moving Averages (EMA) at $29,224, $29,218, and $9,223 levels respectively from a support to a resistance level.
As the weekend settles in, Bitcoin price may not record a striking move, as is characteristic of weekend volatility, except for the current bearish pull that continues to force BTC southward. The Relative Strength Index (RSI) is heading south as the histograms of the Awesome Oscillators also drop, suggesting falling momentum.

An increase in selling pressure could see Bitcoin price test the early August lows at around $29,038 to collect liquidity before a possible uptrend.



[image source](https://www.fxstreet.com/cryptocurrencies/news)
BTC/USDT 15-min chart

Conversely, an increase in buying pressure above current levels could see Bitcoin price bounce north, first shattering past the resistance confluence between the three EMAs before a possible tag of the upper boundary of the technical formation. However, for a confirmed uptrend, Bitcoin price must record a decisive 15-minute candlestick close above $29,359