It is clear that we will end August in negative dynamics, and September is ahead. Historically, September has demonstrated bearish dynamics in eight out of 11 Septembers since 2013. But this time, there is room for growth...
Access to Bitcoin is now greater than ever, especially with the launch of ETFs earlier this year, and recent data suggests that global liquidity is recovering and is now at new highs. The increase in global liquidity, coupled with the expected rate cut in September, could provide positive returns for Bitcoin.
Globally, Bitcoin is stuck between key support and resistance levels.
Support: The key support line in the current trend is around $53,000.
Resistance: For an upward move up, it is important to break the level around $68,000.
