📊Bitcoin Chart Update 📊
It's been 3 & half months already since the Bitcoin Halving & as expected Bitcoin remained in the chopped zone mostly between 60k-72k with increased dominance killing all the momentum of Altcoins. If btc follows the pattern it did during the last two halvings, we could be on the verge of watching Bitcoin impulsive move in next 3-4 months.
Technically, Bitcoin is looking solid here with entire timeline becoming bearish at 64k support in confluence with August Open & EMA50 Daily. Moreover volume during last 4 red candles is relatively very low signifying Bullish Price Action.
Two Scenarios
1. Steadily move towards 73k from here
2. Tap 60k support & then hit 73k
I'm more in favour of Scenario 1. Took a Bitcoin long here at 64.4k & will double down if get chance to enter around 61k with invalidation daily close below 60k
Targets - 66k/ 68k/70k/ 73k/84k
