Technical analysis by elefes about Symbol BTC: Buy recommendation (9/1/2023)

BTCUSD: must hold 25k Arguably we must hold 25k, as a breakdown below 25k would leave us with little to no support all the way down to 20k, or even 16k, and thus destroy the trendline. With generally bearish sentiment, SEC news selloff, halving in less than a year, and an expected post-summer increase in US inflation (as explained by Arthus Hayes in his recent blog posts), I see this as a great BTFD opportunity for the first time since 16k levels.