🚀#Bitcoinis showing signs of a strong recovery! 📈
- BTC dropped more than 25% on August 5 but it could be a "bear trap". New highs are expected by 2024.
- Weekly chart shows bullish divergence, signaling a possible reversal.
- Doji candle and increased trading volume near the lower trendline of the bull flag pattern, which could push the price to $66,500 by September.
- BTC whales are accumulating heavily, withdrawing more than 73,350 BTC from exchanges in the past 30 days, a bullish sign.
- CME data shows a 100% chance of a Fed rate cut in September, further supporting BTC's uptrend.
What do you think about the future of #BTC? Share your thoughts! 💬