Can BTC wake up before September ends?
Updated
September has always been a tough month for Bitcoin, and this year is no exception—until now. As we navigate the ups and downs, it's crucial to keep an eye on key resistance and support levels. 📈📉
Will Bitcoin wake up before September ends, or will we see a continuation of the current trend? As the price keeps going sideways, we'll keep our charts open and our eyes peeled; this month could be a game-changer. 🚀
Navigating a World on Edge: 🌍
🛢️ Oil Prices Up (=Inflation)
With oil prices soaring, the Fed's maneuverability becomes more limited as inflation persists. Rates remain unchanged (good news), but don't expect the Fed to pivot anytime soon (bad news). 📊
🧱 BRICS Attempt to Dethrone the Dollar $
💣 War in Ukraine is On, While Africa Destabilizes
BRICS nations are challenging the dollar's hegemony, and with escalating conflicts in Ukraine and Africa, we're looking at a dangerous mix of events. 🌐🔥
BTC as Digital Gold 🛡️
Amidst this chaos, Bitcoin could emerge as 'digital gold,' offering a hedge against instability. Could this be the month Bitcoin not only survives but thrives? Strap in; we could be in for a wild ride. 🎢
Remember: 📝
In March 2023, the collapse of three U.S. banks sent shockwaves through the global financial system. Bitcoin thrives in this climate of uncertainty. 🏦💥
If we see a dip, we buy it! 🛒
Technical Analysis: 📊
Price going sideways after correction, similar to Dec 2022-Jan 2023 🔄
Support at 23k is a prime buying level and a major support (Fib + channel!) 🟢
Resistance at 28k (mid-channel) will be a challenge 🔴
39,575 is closer than it sounds 🎯
We're now in oversold areas; an uptrend could evolve before September ends 📈
We stay up this September, folks! 🚀
One Love,
The FXPROFESSOR 💙
ps. just to add that Blackrock and the rest are a key factor. As indices pump, Bitcoin has remained relatively stagnant, but we anticipate a shift. Money is likely to flow into digital assets soon, reinforcing Bitcoin's status as 'digital gold.'
Blackrock and the ETFs is the definition of 'money'... keep our ears open for that
Will Bitcoin wake up before September ends, or will we see a continuation of the current trend? As the price keeps going sideways, we'll keep our charts open and our eyes peeled; this month could be a game-changer. 🚀
Navigating a World on Edge: 🌍
🛢️ Oil Prices Up (=Inflation)
With oil prices soaring, the Fed's maneuverability becomes more limited as inflation persists. Rates remain unchanged (good news), but don't expect the Fed to pivot anytime soon (bad news). 📊
🧱 BRICS Attempt to Dethrone the Dollar $
💣 War in Ukraine is On, While Africa Destabilizes
BRICS nations are challenging the dollar's hegemony, and with escalating conflicts in Ukraine and Africa, we're looking at a dangerous mix of events. 🌐🔥
BTC as Digital Gold 🛡️
Amidst this chaos, Bitcoin could emerge as 'digital gold,' offering a hedge against instability. Could this be the month Bitcoin not only survives but thrives? Strap in; we could be in for a wild ride. 🎢
Remember: 📝
In March 2023, the collapse of three U.S. banks sent shockwaves through the global financial system. Bitcoin thrives in this climate of uncertainty. 🏦💥
If we see a dip, we buy it! 🛒
Technical Analysis: 📊
Price going sideways after correction, similar to Dec 2022-Jan 2023 🔄
Support at 23k is a prime buying level and a major support (Fib + channel!) 🟢
Resistance at 28k (mid-channel) will be a challenge 🔴
39,575 is closer than it sounds 🎯
We're now in oversold areas; an uptrend could evolve before September ends 📈
We stay up this September, folks! 🚀
One Love,
The FXPROFESSOR 💙
ps. just to add that Blackrock and the rest are a key factor. As indices pump, Bitcoin has remained relatively stagnant, but we anticipate a shift. Money is likely to flow into digital assets soon, reinforcing Bitcoin's status as 'digital gold.'
Blackrock and the ETFs is the definition of 'money'... keep our ears open for that
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