Bitcoin on 9 August is Bullish. 🐋 | maahi crypto on Binance Square

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Bullish

Bitcoin on 9 August is Bullish.🐋

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BTC As expected in previous scenario, price has tested the strong resistance zone around $60k - $62k level. It's now in a pause right around this area and it's not surprising as this is the area of value in which we see the heaviest price action occurred at this area. EMA is now tightening with the possibility of consolidation at this weekend as the volatility is decreasing as of now. A support trend line is forming, a possible test toward this support TL before continuing higher if we get the momentum. #TONonBinance #MarketDownturn #SahmRule #Babylon_Mainnet_Launch

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💰 Bitcoin hits the 365-Day MA exactly as it did during the 2021 bull run. This suggests the bottom is in, and so we have loaded Spot Bags. We believe the market is close to the bottom, so we're prepared for a V-shaped recovery and even ready for another dip/retest to buy more. #TONonBinance #MarketDownturn #BinanceTurns7 #Write2Earn #BTC $BTC

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Good Morning! ☀️ Microstrategy founder Michael Saylor claims to personally own more than $1 billion worth of Bitcoins. SEC fined Ripple $125M for selling XRP to institutional investors. The trial between them is over, and against this backdrop, XRP rose by more than 20% over the day. #TONonBinance #Write2Earn #MarketDownturn #BinanceTurns7 #XRPVictory

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Bitcoin Dominance Right now, the BTC dominance is hovering around the high this year. The next possible tap is at the upper line of this parallel channel which is now having crucial level of 60%. If this is the case with BTC's price is now on the way to reclaim the $60k as resistance, by the time the bitcoin dominance reaches 60%, there is likely a possible rally for altcoins. The stronger altcoins right now is in the Solana ecosystem, I think you should watch it carefully. #MarketDownturn #RoninBridgeAlert #BlackRockETHOptions #Babylon_Mainnet_Launch #BinanceHODLerBANANA

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Bitcoin BTC A possible first wave is in the making as we are seeing the latest rising wedge pattern as the possible leading first wave diagonal. Usually the first wave will be very volatile and has chance to reach anywhere between the 38.2% to 78.6% fibonacci retracement level. But if we find the confluent with the psychological area, we really need to watch the area between $52k to $50k region. The crucial area may or may not be touched but once again it'll depend on the market sentiment in the near future. If the price doesn't even touch again this $52k - $50k area and break above the $58k prematurely, I can make sure that the rally will be ultimately bullish. #MarketDownturn #BinanceTurns7 #BlackRockETHOptions #RoninBridgeAlert #maahicrypto $BTC

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