$BTC in depth Analysis ..

what next for $BTC UP/DOWN?

Trading near an important level

Bitcoin has once again tested the 200-day SMA, a level that confirms further growth for the asset.

However, unsuccessful breakouts of this support, as happened in 2020, 2018 and 2014, led to significant corrections!

This support is currently at $64,000.

If we fail to successfully consolidate above the specified level, there is a high probability of seeing a decent correction (which I told you about earlier). Also, this factor can easily be supported by the fact that September is the worst month in crypto. Because of this, from the beginning of the month, many were waiting for a "logical" correction, and we, in turn, received a strong and sharp growth, which changed the main mood in the market! Now, at the end of the month, when the bulk of people were "fed with growth", they can use the moment to make the necessary correction

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