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BitMidas
Aug 8, 2022 1:27 AM

Bitcoin Trend Analytics August 8 Long

Bitcoin / TetherUSBinance

Description

BTC is about to end the consolidation, yet still needs some time to test. If it breaks $23976.01 based on data and movement, then it could go up higher.

Consolidation range: $23976.01-$21749.97; $22638.15 is the center where longs and shorts battle severely.

Key support diverts to $22638.15. BTC stepped on this support and now moves along it.

The key support of the month is between $18295.26-$17683.49. Higher statistic support manifests stronger bullish sentiment.
Comments
Nightingale85
I'm going to start following you.
I like how you present your idea on supports and resistances.
We can do better on the image quality though.
Keep it up, mate.
Cheers!
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