While the crypto market seems to be closing lower in the last days of August, many are wondering what the next BTC price was in the last months of the year. Some talk about a bearish trend that will return the BTC price to 49k or even less, other "experts" talk about a BTC price of 100k in the coming weeks even before closing the year 2024. It is well known that the price of BTC is almost impossible to predict, but, doing both technical and fundamental analysis, observing the price behavior in long-term time frames such as 1D, 1s, or 1M, and, scrutinizing a little beyond what is required, one can say the price of BTC could rise, up to how much? I would not know how to say, but I can affirm with compelling arguments, that the month of October; Called UPTOBER in the US, Europe and Asia, it seems to be the month when BTC will finally hit 100k.
You just have to study and analyze the charts well, especially the ones from month to month over the last 4 years, to realize that.
Remember that the market forms patterns, which repeat themselves over time, even some fundamental ones on certain dates that seem to repeat themselves as well.
Remember that the US elections are near, and that both candidates receive donations in their campaigns in cryptocurrencies.
Taking into account these small great details, both technical and fundamental, we can almost say that BTC will hit 100k in October, just before the US presidential elections.
Remember "Buy on the rumor and sell on the news."
Also don't forget, when the price goes up it does so by the stairs, but when it goes down it does so by the elevator.
I’m going to enter $BTC on the 1-hour chart, leveraged 50X with 10% of 146 $USDT , and look for a 10% gain on that trade. I’m going to try to follow the price action on 1H and 15min and determine whether I enter long or short
As soon as the trade opens, I’ll post it here on Square
If the price of the dollar in Colombia continues to fall, I will only publish buy listings, probably the price of $USDT will drop below 3000 on the remaining days of August
At the moment, anyone working with P2P trading must be careful because the price of #dolar is still trending downward, so I repeat: I ONLY RECOMMEND PUBLISHING BUY LISTINGS with the firm intention of accumulating #stablecoins
If the price breaks above 80k and reaches 83.5k, I will enter a leveraged short at 10x isolated with a stop loss at 85k and a take profit at 77.5k maybe 76k
If the price breaks down, meaning it breaks 75k and reaches 73.5k, I will enter a leveraged long at 10x isolated with a stop loss at 71k and a take profit at 77.5k maybe 80k
The most likely scenario is that it keeps going up; if it rises, we will keep waiting until the price of $BTC starts to go down