$BTC : Is August 2023 About to Repeat Itself?
Bitcoin’s current price action looks remarkably similar to August 2023. Spot buyers are stepping in, and I’m watching for a local bounce toward $85K before another correction toward $75K–$76K.
Despite that, the higher-timeframe structure remains bullish in my view. A dip to $75K would bring BTC back toward the weekly MA50 and yearly rolling VWAP, creating a strong area for buyers to step in.
The bigger bullish move is still ahead. #BTC
Bitcoin’s current price action looks remarkably similar to August 2023. Spot buyers are stepping in, and I’m watching for a local bounce toward $85K before another correction toward $75K–$76K.
Despite that, the higher-timeframe structure remains bullish in my view. A dip to $75K would bring BTC back toward the weekly MA50 and yearly rolling VWAP, creating a strong area for buyers to step in.
The bigger bullish move is still ahead. #BTC
