"Bitcoin Price Analysis
Bitcoin's recent surge is attributed to the large volume of short positions and the established down resistance at $55,550. As we begin the new week, the weekly candle may exhibit some movement.
Expect a potential fake momentum driving the price up to:
- $55k (as previously predicted)
- $56k
- $57k
- $58k
However, remain cautious and aware of the potential monthly candle breakdown and resistance levels below:
- $49k
- $47k
- $44k
- $40k
Before the end of September, these levels may come into play. Stay vigilant and adapt to market changes to make informed trading decisions. Good luck!"
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