..// Hello guys, in our last article on August 12, we said that if Bitcoin could maintain the $59,500 level as a support line, the expected technical target would be the $65,000 level, and this is what actually happened, but unfortunately we did not continue the rise and we are now in a horizontal sideways movement between the $58,000 levels and the $65,000 limit as a maximum…
..// On the weekly basis, we notice the formation of an important bullish pattern, which is the huge bullish flag pattern, and the technical target for it, for the current levels, will be $110,000 at most, and we will see these levels in the coming months if things are stable in the world.
..//The most important support lines are $59,500, then $56,000, $52,000, then $48,000, and losing the last level ($48,000) means visiting the $30,000 levels, which means the collapse of Bitcoin.
..//The most important resistance line currently is the $65,000 level. If we break it and maintain it as a support line for at least two or three days, the next target will be to achieve a new historical peak, which could reach the $87,000 level. We had set and talked about this target months ago.
..//Bitcoin will not be bullish unless it breaks the $65,000 level, so we hope so.
..//The article is not investment advice..
..//Good luck to all..
