What's going on in the BTC Market?
A few weeks ago I predicted that we would not see any major changes in the BTC market. And that is the picture that is currently being seen. Currently BTC is seen in the range of $28500 to $31800. Every time BTC touches its support level, it creates new highs. Immediately after touching the high, BTC is coming down again to the support level.
![Screenshot_2023-07-10-14-37-54-970_com.binance.dev-edit.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmUdfG5Uyw6pXWpJZ1yQf3TYdPSAEoywVA3Kj3oKECb5ZF/Screenshot_2023-07-10-14-37-54-970_com.binance.dev-edit.jpg)
It can be seen in this picture above. BTC made a new high shortly after touching support resistance. And BTC keeps this process going. If BTC continues this trend, we could see BTC in the 40k range by the end of this month.
![Screenshot_2023-08-04-16-07-18-046_com.binance.dev-edit.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmTuEi6f7nds4vfDgCgYhVTXjLs19EqJEbAo3SEjUGUn9a/Screenshot_2023-08-04-16-07-18-046_com.binance.dev-edit.jpg)
The box I shared in the picture above will take him all of August to complete. And at this time we will see BTC touching the support level and BTC moving forward at this pace.
![Screenshot_2023-08-10-22-31-11-653_com.binance.dev-edit.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmXc1V6sYvAqwSSxaA4EoNjtEaNrpLgvmc2rEykpxV5ZRg/Screenshot_2023-08-10-22-31-11-653_com.binance.dev-edit.jpg)
BTC continued its candlestick trend as predicted. And very soon it will touch its support resistance and once it touches the resistance it will move upwards. This is because the ascending triangle pattern has never seen a downward move before. So it can be said, a big move will be seen in the crypto market soon after this August.
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Btc movement will also decide the movement of other altcoins.. if weekly close above $30k then we should see an uptrend to $33k region, and if we close below then $27k is possible
Let's see what will going on!
Thank you, friend!
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Really had no idea what was going on in the BTC market. It was nice to know about it. Moreover, others have similar connections with BTC. Let's see what happens.
Nice analysis brother. I think bit coin will cross 35k very soon.
If BTC break 32K support then we can see at 38K-40K.
Personally to me, BTC will soon be bullish as it's halving is around the corner.
Thanks for sharing this post of yours with us 😊👍
Yeah, we just wait for the confirmation. 😊
Exactly friend, we are all waiting for confirmation from the market 😊