Bitcoin Market Analysis
August 2024
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⚪️TECHNICAL (1D)
Bitcoin is attempting to reclaim the $60K level after an indecisive weekly candle closure. A successful breakout and retest above $60K would serve as a bullish confirmation, signaling potential upward momentum. However, if the bulls fail to achieve this, the market could be poised for further correction.
⚪️WRAP-UP (VIP)
Bitcoin is eyeing a reclaim of the $60K zone after an indecisive weekly close. A breakout above $60K would confirm a bullish trend, but failure could lead to further market correction.
$BTC DAILY RANGE:
📈Upper Limit: 61900
📉Lower Limit: 57600
(+-13% based on moving average volatility open/endpoints)
