¿A title? Bitcoin $68,000 then $43,000 AND THEN $85,500!!!!
Today, August 23rd, Powell sent a crucial message regarding what’s coming in September: The Fed is going to cut interest rates. In his words, “The time has come for policy to adjust.” This suggests that Bitcoin could potentially reach its next historic high.
BUT NOT YET!
According to technical analysis, I see that the market has taken liquidity at five key points that form a channel. If Bitcoin reaches $68,000, it is likely to drop to at least $43,000, which aligns with the 0.618 Fibonacci level in a major wave.
Following this path, we could see Bitcoin reach the next historic high, around $85,500. With a potential for a 100% profit and a 17% loss at these levels, I believe this presents a good opportunity.
WHEN? We’ll see...
PD: It could be decided with the elections!!!
BUT NOT YET!
According to technical analysis, I see that the market has taken liquidity at five key points that form a channel. If Bitcoin reaches $68,000, it is likely to drop to at least $43,000, which aligns with the 0.618 Fibonacci level in a major wave.
Following this path, we could see Bitcoin reach the next historic high, around $85,500. With a potential for a 100% profit and a 17% loss at these levels, I believe this presents a good opportunity.
WHEN? We’ll see...
PD: It could be decided with the elections!!!
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