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Technical analysis by GarateTradeCrypto about Symbol BTC on 8/21/2024

https://sahmeto.com/message/3334279
GarateTradeCrypto
GarateTradeCrypto
Rank: 6504
1.6
،Technical،GarateTradeCrypto

I expect the Bitcoin price to consolidate in the 53,600 - 49,000 zone, after the price is fixed in the zone, I expect to see a price increase and a high probability of breaking the maximum.If you look at the Online LTH Realized Profit 7D metric, you can see a similar seasonality of the market that was in 2021, in addition to the online metric, I conducted a deeper study and found many arguments that confirm my expectations, there is a low probability that the price will drop below 48,900, I do not expect this level to break through.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$59,389.18
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