BTC has not been following any particular trend.
Three scenarios to expect
(1) Stabilises at 8500 - 8700 with slight increment (observe late September to early October)
(2) Retraces to .5, 7300 - 7500
(3) Doesn't follow any particular trend but dips to 8k and bull run to 10k by end of year
Considerations
- 10k is definitely in sight but expect a few dips before that. (remember when news said it would hit 8k?)
- I am expecting the 3rd scenario
- Currently, price increase of alt coins (eth) favours scenario (2) & (3)
Let me know what you think
Three scenarios to expect
(1) Stabilises at 8500 - 8700 with slight increment (observe late September to early October)
(2) Retraces to .5, 7300 - 7500
(3) Doesn't follow any particular trend but dips to 8k and bull run to 10k by end of year
Considerations
- 10k is definitely in sight but expect a few dips before that. (remember when news said it would hit 8k?)
- I am expecting the 3rd scenario
- Currently, price increase of alt coins (eth) favours scenario (2) & (3)
Let me know what you think
Note
BTC surprise us again and go ups even further.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.