Be ready for the reversal!

3 Sep 2024

#BTC: No Major Changes Yet..!! Bitcoin has been consolidating within a Descending Broadening Wedge for the past six months. Breaking through the critical $69-70k resistance level is essential for the bulls to regain control. Despite multiple failed attempts, there is renewed optimism that this time could be different, as the resistance is showing signs of weakening.

A successful breakout above the Descending Broadening Wedge could propel Bitcoin towards the $100k mark in Q4. However, for now, leverage trading might not be the best approach. If you’re holding Bitcoin, it’s time to sit back and relax—the next bull run could be just around the corner.

#Crypto #DYRO

3 Sep 2024

Nota

🚨 BITCOIN UPDATE

We've seen a perfect bounce from support, just above $57K. 📈 Short-term support now sits around $57,200, with resistance ahead at $59.5K, $60-61K, and $62.9-64.5K.

A confirmed bullish divergence on the 4-hour chart suggests more relief rally potential in the next day or two. Keep an eye on those resistance levels! ⚠️

#Bitcoin #Crypto

4 Sep 2024

Nota

Historically, September has not been a strong month for #Bitcoin and the bulls must find a way to survive.

• If Bitcoin holds the critical $54-55K support level, the broadening wedge pattern suggests a potential bounce back to the $68K resistance.

• However, if the bulls fail to defend the $55K support, Bitcoin could drop to the $50-51K range before potentially bouncing back sharply.
#Crypto

6 Sep 2024

Nota

#BTC bulls need to defend the crucial $55K support this month. If they hold strong, Bitcoin could quickly rebound and test the $68K level again. Note that the $68K-$69K resistance is losing strength with each attempt.

I believe the next three months will be extremely bullish for Bitcoin. Stay patient and trust the process!
#Crypto

7 Sep 2024

Nota

#Bitcoin is holding above the 54k support level.
As long as we remain above this level, we're in a good position. However, if BTC breaks below 54k, the next support is around 48.8k.

Stay tuned for more updates!
#Crypto

9 Sep 2024

Nota

No significant changes in #Bitcoin. It's still holding strong above the 54K support level. We're in good shape as long as we stay above $54K.

Like and follow for more updates!
#Crypto

10 Sep 2024

Nota

#BTC experienced a short squeeze yesterday, leading to the liquidation of many short positions. At the moment, there is a local resistance of around 58,100 that needs to be broken for a continued bullish move.

Stay tuned and follow for more updates.
#Crypto