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 still short on #bitcoin I have the operation against it, but the technical analysis and the current fundamentals suggest that $BTC it will fall, possibly touching 70k maybe 71k, no more than that.
My strategy is simple, 20 USDT leveraged at 10X per trade, from there I do not exit, if the trade is very good I increase the operating capital to a maximum of 25-30 USDT.
My traditional job didn't allow me to take advantage of the huge drop of $POWER almost two hours ago, because while attending to clients I missed the opportunity, and the worst part is that I had detected the drop, that's how trading works, we can predict the movements of the candles and the price, but it's impossible to know exactly when it will happen, the exact moment...
The price of $POWER shows an accumulation zone in the main timeframes, 1H, 4H, and 1D, with no defined trend. We will have to wait and see how the 4H candles develop to have a minimal idea of what the price could do in the coming days. However, it is important to highlight that the price is at risk of coming down; it is not clear whether it is advisable to enter short or long positions.
For now, the price seems to have stalled between 0.40 and 0.38. If the bullish trend continues, it would have to break the maximum of the last 24H, which is 0.44; otherwise, if it loses the support of 0.33, which is the minimum of the last 24H, we could see it fall to 0.30, perhaps 0.28, before pumping back above 0.30
$BTC Price of #bitcoin in key area, if we lose the support of 65k-70k, it is likely that the price will seek new support levels below 55k, I would not trade long for now
#Bitcoin is in a pump and dump zone between 67k and 71k, the price is clearly aiming to seek liquidity above 69.3k, and this movement is likely to push the price of $BTC towards 75k, maybe 80k, before continuing the downward trend. Be careful, because the bear market has not ended. Are we close to the bottom? Yes, and we could see that bottom starting in June 2026. The price could also drop and seek liquidity below, under 65k, although that is less likely. For now, I see more potential winning entries in long than in short for $BTC
$POWER Very, but very attentive to, it's losing bullish strength on the 4H and 1D chart, it may start to fall at any moment, not without first perhaps rising from 0.3740 to 0.3960 and liquidating long positions, to then sweep and come down.
I will probably enter at 0.3640 in short looking for a maximum of 2%-3% profit, if it continues to drop I will stick to the screen to keep opening positions until the price defines the trend change, which will probably be at 0.35, and from there it will come down to 0.30.
I prefer to make 2-3 afternoons of 2%-3% gains than to look for a single trade of 10%, since the price of $POWER is very but very volatile.