$BTC MID-TERM OUTLOOK
We’ve remained within the channel you see throughout the summer. This range of #Bitcoin doesn’t appear likely to break until September. Even though we’ve reached the peak with slow movements, I believe the mid-term outcome is still clear.
First, the middle band at the $61,000 level will be the initial target. Below that, I think a new low awaits us. This level could drop as low as $56,000.
However, keep in mind that this is a medium-term analysis. In other words, it could take anywhere from a few days to a few months to play out. Also, don’t forget the upper bandif the price breaks above the zone I’ve identified, my setup and analysis will change
We’ve remained within the channel you see throughout the summer. This range of #Bitcoin doesn’t appear likely to break until September. Even though we’ve reached the peak with slow movements, I believe the mid-term outcome is still clear.
First, the middle band at the $61,000 level will be the initial target. Below that, I think a new low awaits us. This level could drop as low as $56,000.
However, keep in mind that this is a medium-term analysis. In other words, it could take anywhere from a few days to a few months to play out. Also, don’t forget the upper bandif the price breaks above the zone I’ve identified, my setup and analysis will change