Updated Price Zones:
Supports:
Immediate: 80115
Intermediate: 78940/78070
Bear Pivot: 73000
Resistances:
Immediate: 81860
Intermediate: 82370
Bull Pivot: 84300
Quick analysis: BTC touched the previous bull pivot, but corrected afterward. We’ll have a little more sideways movement before the next steps; the channel has stepped up. The bull market that started in late June remains active and is confirmed by the third consecutive month, although I initially projected that September should be a sideways month. If it breaks the new bull pivot, this could indicate that sharper rallies may return.
New sideways zone: 78-82.
Supports:
Immediate: 80115
Intermediate: 78940/78070
Bear Pivot: 73000
Resistances:
Immediate: 81860
Intermediate: 82370
Bull Pivot: 84300
Quick analysis: BTC touched the previous bull pivot, but corrected afterward. We’ll have a little more sideways movement before the next steps; the channel has stepped up. The bull market that started in late June remains active and is confirmed by the third consecutive month, although I initially projected that September should be a sideways month. If it breaks the new bull pivot, this could indicate that sharper rallies may return.
New sideways zone: 78-82.