Some analysts believe that the price of Bitcoin may recover to $60,000 by the end of September Analysts at Tyr Capital believe that the probability of ending September with the price of Bitcoin above $60,000 is higher than below this level. Tyr Capital Chief Investment Officer Ed Hindy noted that despite the historically negative trend for BTC in September - a possible interest rate cut along with the stability of the US economy - could be an unexpected positive for the cryptocurrency market. #BTC #binance #Bitcoin
It's very important to hold $53-54k levels. Currently sitting at the bottom (lower trendline) of the descending channel 50 EMA on WTF is holding well and it's a strong support. f it follows this channel, the next target would be 65k levels. Hurdles to reach 65k Levels 1st - Need to close WTF above 54k 2nd - The next hurdle would be closing above 57k 3rd- Need to flip to above 63k 4th - Next heavy resistance at 65K #BTC #binance #Bitcoin