BTCUSDT 1D Bitcoin price is at a critical point and crossroads

29 Ağu 2022

After the introduction of the Fed on Friday, August 26, 2022, the main message of which was: "for now, it is not worth waiting for a rate cut", the prices of SXP 500, Bitcoin and altcoins continued their downward correction.
Risky assets do not like a high rate, and the process of reallocating assets and getting used to a high rate is currently underway.

The BTCUSDT price has reached the critical point of $19800 according to the fractals we published a week ago.
In the coming days, it will become clear where the BTC price will go next.

If buyers can fix the BTC price above $19,800, then according to the fractal, there will be quite a chance for BTCUSD price to rise to $30,000 by the end of September.
If sellers fix the Bitcoin price below $19800, then there will be quite a few factors that can mix the BTCUSDT price to fall in the area of ​​$12-14k.

If we look at the trade history of Bitcoin, we can see that in the vast majority of years, the value of Bitcoin decreasing by an average of - 7%+ in September.

Only in September 2015-2016 the BTC price grew.

Well, it will soon become clear where the BTCUSDT price will go in the coming month
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