Are you inspired by the BTC price movement over the past week to think about a confident continuation of the upward trend? Earlier in our idea, we wrote that if Bitcoin price rises above $10,600, then we need to recalculate the scenario, and here it is for our attention.
The price is moving upward in a bearish flag. The correctness of this figure is enhanced by two factors:
trading volume declines on growth;
the trading delta is negative.
Therefore, let us make two assumptions, the coincidence of which with reality will be a complete accident: 1) If Bitcoin price can rise above $11,080, then the sluggish growth will continue to the level $11,380 until 23-24 September, from where a rapid fall will begin. 2) Bears will do everything possible and impossible to close the month close to $8980.
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