I'm back here after a short vacation. Let's give a brief summary. With the visit to the 49k region, we technically reached the bottom price areas where the altcoin bull started, but now it should be monitored whether the needle will be filled or not.
We stated that if the monthly close is 60k and above, the bitcoin price has sufficiently processed the 50-70k region and will go to the upper price region.
When the price is ready to go up, it is constantly suppressed, but this pressure will be completely eliminated at some point.
We talked about expecting sharp upward movements until the end of September, but the possibility of a movement in mid-August and the end of August is not weak at all. I have shared the reasons in detail before.
We are currently following the removal of the bitcoin pressure.
It is useful to follow the negative news flows that coincide with the weekend. A decrease or a positive turn in these will be a strong signal for us.
