Hi Traders,
BTC's accumulation period is exhausted, and is looking to move up. I've called this since the start of August when it broke the uptrend, please look at my linked post.
The monthly level at 9950 is very strong, just take a look at how many times its been tested and held. Right now, the price is consolidated between the 9950 level and the downtrend from the previous ATH this year around 14000.
Also, the 100MA is hugging the price almost acting as a floor. Price will not close below that.
Once this breaks, we should see a $17000 Bitcoin. September will be a very good month for Bitcoin; Bitcoin is a great buy right now
BTC's accumulation period is exhausted, and is looking to move up. I've called this since the start of August when it broke the uptrend, please look at my linked post.
The monthly level at 9950 is very strong, just take a look at how many times its been tested and held. Right now, the price is consolidated between the 9950 level and the downtrend from the previous ATH this year around 14000.
Also, the 100MA is hugging the price almost acting as a floor. Price will not close below that.
Once this breaks, we should see a $17000 Bitcoin. September will be a very good month for Bitcoin; Bitcoin is a great buy right now
Comment:
Due to whale manipulation, BTC is an even better buy right now. Stock up on your sats, price won't stay this low for long.
