Bitcoin has seen significant movement recently, with a price increase from 3,300 to 3,300 to 67,800. A bullish pattern suggests potential price targets of 120,000 to120,000 to130,000. Upcoming confirmations in trading volume could solidify this trend, particularly during October, which historically shows strong performance for Bitcoin.
Bitcoin sell-off incoming? The US govt moves $241M of Bitcoin Jun 27, 202417:21 GMT+10
If we look at the performance of Bitcoin over a longer period, in the last 7 days it experienced more than 7% of downside move. Whereas, in the last 30 days Bitcoin fall more than 11%. With bearish Bitcoin price performance in the last 30 days, according to expert technical analysis, Bitcoin is looking bearish as it is below 50 EMA (Exponential Moving Average) and near a crucial support level of $60,000 and 200 EMA. If Bitcoin on a daily time frame gives a strong candle closing below the $60,000 level, then there is a high possibility that we may see Bitcoin to the $53,200 level. $BTC
2 to 3 weeks we have predicted together for $BTC to drop. We are into week 2 now . The cup and handle pattern must fully completed its handle . Check your weekly $BTC chart to understand more . Good luck 🤞.