đź”´ BITCOIN | There Will Be Blood
Updated
September is the worst month in history of bitcoin, its a month that all Bears order Lambo!
While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest.
The BTC bullish momentum moving averages may act as resistance, It is no secret that Bitcoin has underperformed this month even by August standards, which have rarely given bulls anything to celebrate. volume is super low means more trader stopped trading and waiting for more confirmation.
BTC is down 11% this month, and with the weekly close around the corner, anticipation is building among market observers. August 2023 is already vying with last year to become Bitcoin’s worst August since 2015. BTC price shed 13.9% in August 2022, a move which marked the beginning of half a year of pain.
positive news events, such as the future green-lighting of the United States’ first Bitcoin spot price exchange traded fund , had not yet entered market consciousness.
This week, despite containing the Fed’s preferred inflation gauge in the form of PCE, could well end up no different.PCE data is due on Aug. 31, hours before the Bitcoin monthly close, with Sep. 1 offering nonfarm payrolls and unemployment data
The Bitcoin hash rate just hit 400 th/s for the first time ever which is mindblowing, considering the energy issues in Texas and the cost of electricity surging worldwide, means more whales prepare for new bull market
The price of BTC is $25,965 today with a 24hour trading volume of 7 billion dollar. This represents a -0.6% price decline in the last 24hours and a -11% price decline in the past 14days
most indicators all bearish and the next targets are 25,500$, 25k and 24,500$
whats your plan for September bloodbath ?
While Shorts continue to stack into the weekend, expecting some kind of move around US Futures open and into Monday EU session. low whale order volume, the accompanying order book chart showed a lack of bid liquidity overall, with $25,500 gaining only modest interest.
The BTC bullish momentum moving averages may act as resistance, It is no secret that Bitcoin has underperformed this month even by August standards, which have rarely given bulls anything to celebrate. volume is super low means more trader stopped trading and waiting for more confirmation.
BTC is down 11% this month, and with the weekly close around the corner, anticipation is building among market observers. August 2023 is already vying with last year to become Bitcoin’s worst August since 2015. BTC price shed 13.9% in August 2022, a move which marked the beginning of half a year of pain.
positive news events, such as the future green-lighting of the United States’ first Bitcoin spot price exchange traded fund , had not yet entered market consciousness.
This week, despite containing the Fed’s preferred inflation gauge in the form of PCE, could well end up no different.PCE data is due on Aug. 31, hours before the Bitcoin monthly close, with Sep. 1 offering nonfarm payrolls and unemployment data
The Bitcoin hash rate just hit 400 th/s for the first time ever which is mindblowing, considering the energy issues in Texas and the cost of electricity surging worldwide, means more whales prepare for new bull market
The price of BTC is $25,965 today with a 24hour trading volume of 7 billion dollar. This represents a -0.6% price decline in the last 24hours and a -11% price decline in the past 14days
most indicators all bearish and the next targets are 25,500$, 25k and 24,500$
whats your plan for September bloodbath ?
Note
Note
Note
vol low means bears wants more blood
Note
Note
Long-Term Holders already hold 70% of the total supply of Bitcoin, reaching 14,787,265 BTC, continuing to hit new highs. Among them, 69.2% of long-term holders' positions are in profit. Long-term holders are those whose average purchase/receipt date is at least more than 155 days ago
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