Massive pump in $BTC lately. 🚀
We rarely see this kind of strength in August, so this move is definitely encouraging.
That said, BTC is now approaching the 200 Daily EMA, which remains a key resistance level.
If we break and sustain above it, I wouldn’t be surprised to see further continuation before another pullback and consolidation.
And if BTC continues to push higher, alts could see a stronger recovery as liquidity rotates back into the market.
Stay patient. Don’t FOMO.
DYOR. NFA.
#BTC Price Analysis#
We rarely see this kind of strength in August, so this move is definitely encouraging.
That said, BTC is now approaching the 200 Daily EMA, which remains a key resistance level.
If we break and sustain above it, I wouldn’t be surprised to see further continuation before another pullback and consolidation.
And if BTC continues to push higher, alts could see a stronger recovery as liquidity rotates back into the market.
Stay patient. Don’t FOMO.
DYOR. NFA.
#BTC Price Analysis#