Hello traders,
I hope everyone is doing well. I want to share an important update about Bitcoin (BTC) in the daily timeframe.
August has been quite surprising for BTC, as usual. We've seen sudden ups and downs in the market. Now, the big question is: Will September be kinder to BTC, or will it be another challenging month? Let's take a closer look at the situation on the chart.
After all the price ups and downs, BTC is currently stable at $25.7k, which is close to a support zone marked by the blue box. Based on my analysis of both the weekly and daily charts, I anticipate that BTC should start a recovery from this support level soon. If BTC were to drop further, I expect it might go down to $24k before rebounding. However, if the price closes below $24k, it could indicate a different market scenario.
That's the latest from me. If you have any thoughts about the market, please feel free to share them in the comments. I appreciate you taking the time to read this update.
Best regards,
Team Dexter
I hope everyone is doing well. I want to share an important update about Bitcoin (BTC) in the daily timeframe.
August has been quite surprising for BTC, as usual. We've seen sudden ups and downs in the market. Now, the big question is: Will September be kinder to BTC, or will it be another challenging month? Let's take a closer look at the situation on the chart.
After all the price ups and downs, BTC is currently stable at $25.7k, which is close to a support zone marked by the blue box. Based on my analysis of both the weekly and daily charts, I anticipate that BTC should start a recovery from this support level soon. If BTC were to drop further, I expect it might go down to $24k before rebounding. However, if the price closes below $24k, it could indicate a different market scenario.
That's the latest from me. If you have any thoughts about the market, please feel free to share them in the comments. I appreciate you taking the time to read this update.
Best regards,
Team Dexter
So far, so good. BTC is rallying as expected.