BTC: QUICK UPDATE!!
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Welcome to this quick BTC update. BTC is currently hovering around the
29K level.
According to the chart, it is forming a falling wedge-like structure in 4hr time frame and currently trading inside the wedge.
Expecting it to move inside the wedge for a while and might touch the 28.3k support area. If it holds that support area, then we might see a small breakout in the month of August and might go above 30k one more time.
Also, according to the HTF chart and past years' data, I'm expecting a huge dip in the month of September (Anywhere between 20k-
25K).
As of now waiting to test the 28.3k area and let's see how the price reacts there.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick BTC update. BTC is currently hovering around the
29K level. According to the chart, it is forming a falling wedge-like structure in 4hr time frame and currently trading inside the wedge.
Expecting it to move inside the wedge for a while and might touch the 28.3k support area. If it holds that support area, then we might see a small breakout in the month of August and might go above 30k one more time.
Also, according to the HTF chart and past years' data, I'm expecting a huge dip in the month of September (Anywhere between 20k-
25K). As of now waiting to test the 28.3k area and let's see how the price reacts there.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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