Bitcoin's Quick Overview After the Weekend
As I warned you earlier, be cautious as descending resistance is on the way.
As mentioned earlier, we got the rejection from the descending resistance, and Bitcoin couldn't hold the $60K strong support area.
Now, according to the rules, we could see Bitcoin drop to the $54K - $55K area.
But note one thing: in my opinion, Bitcoin will try to hit stop losses (as it does every time), but ultimately, itâs going to dump one last time before 18th.
Rest we can expect market to start getting better by 18th September with expected fed rate cuts coming up.
