I am not worry about Bitcoin yet
As you can see in the chart,
There are 3 Strong Support lines under the price, the weekly channels bottom line + MA50 at (53500$), Long term monthly trend line at ( 51500$ apx.) and the main support at 38500$ the 100&200 moving averages.
what i see , the chart is dropping down the cowards and then we could observe the main bullish trend .
as i mentioned before due to weekly cup pattern we can predict to reach 115k$ or pessimistically at least 95k$ for this autumn.
REMEMBER ALWAYS, TIME IS YOUR FRIEND.
Wait for the good fundamental news mid of September.
There are 3 Strong Support lines under the price, the weekly channels bottom line + MA50 at (53500$), Long term monthly trend line at ( 51500$ apx.) and the main support at 38500$ the 100&200 moving averages.
what i see , the chart is dropping down the cowards and then we could observe the main bullish trend .
as i mentioned before due to weekly cup pattern we can predict to reach 115k$ or pessimistically at least 95k$ for this autumn.
REMEMBER ALWAYS, TIME IS YOUR FRIEND.
Wait for the good fundamental news mid of September.
Note
Check the Fibonacci retracement, :-), the long-term trend line is Just matching the 52373.5$(0.786 fib line) and support line of MA100&200 just match the 38822$ (1.618 fib line) , 52386$ is a big-time support line, it wouldn't break until we have a disastrous fund news, if so 38822$ is the lowest price, then the bull market will be rise.
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