Bitcoin is trying, but there’s a real technical wall at $85,000.
As the price rises, the MACD indicator (which measures momentum) is flattening—meaning the force behind the uptrend is running out, even though the moving averages are still in a bullish configuration.
The bullish scenario, according to several analysts, requires Bitcoin to hold support at $81,800 and manage to stabilize today’s close. If that happens, we’d head into October with historical tailwinds: the fourth quarter has, on average, been the strongest quarter of the year for Bitcoin.
Adding to the positives, the ETFs have had 8–9 straight days of net inflows, and demand from long-term accumulators is at record levels. Some are already starting to talk about $100,000 as a target for this quarter.
Do you think we break $85,000 this week, or do we need more time for consolidation? 👇
#Bitcoin #BTC #Q4 #CreatorPad
As the price rises, the MACD indicator (which measures momentum) is flattening—meaning the force behind the uptrend is running out, even though the moving averages are still in a bullish configuration.
The bullish scenario, according to several analysts, requires Bitcoin to hold support at $81,800 and manage to stabilize today’s close. If that happens, we’d head into October with historical tailwinds: the fourth quarter has, on average, been the strongest quarter of the year for Bitcoin.
Adding to the positives, the ETFs have had 8–9 straight days of net inflows, and demand from long-term accumulators is at record levels. Some are already starting to talk about $100,000 as a target for this quarter.
Do you think we break $85,000 this week, or do we need more time for consolidation? 👇
#Bitcoin #BTC #Q4 #CreatorPad
