September has always been a tough month for Bitcoin, and this year is no exception—until now. As we navigate the ups and downs, it's crucial to keep an eye on key resistance and support levels. 📈📉 Will Bitcoin wake up before September ends, or will we see a continuation of the current trend? As the price keeps going sideways, we'll keep our charts open and our eyes peeled; this month could be a game-changer. 🚀
Navigating a World on Edge: 🌍
🛢️ Oil Prices Up (=Inflation) With oil prices soaring, the Fed's maneuverability becomes more limited as inflation persists. Rates remain unchanged (good news), but don't expect the Fed to pivot anytime soon (bad news). 📊
🧱 BRICS Attempt to Dethrone the Dollar $
💣 War in Ukraine is On, While Africa Destabilizes BRICS nations are challenging the dollar's hegemony, and with escalating conflicts in Ukraine and Africa, we're looking at a dangerous mix of events. 🌐🔥
BTC as Digital Gold 🛡️ Amidst this chaos, Bitcoin could emerge as 'digital gold,' offering a hedge against instability. Could this be the month Bitcoin not only survives but thrives? Strap in; we could be in for a wild ride. 🎢
Remember: 📝 In March 2023, the collapse of three U.S. banks sent shockwaves through the global financial system. Bitcoin thrives in this climate of uncertainty. 🏦💥 If we see a dip, we buy it! 🛒
Technical Analysis: 📊
Price going sideways after correction, similar to Dec 2022-Jan 2023 🔄 Support at 23k is a prime buying level and a major support (Fib + channel!) 🟢 Resistance at 28k (mid-channel) will be a challenge 🔴 39,575 is closer than it sounds 🎯 We're now in oversold areas; an uptrend could evolve before September ends 📈 We stay up this September, folks! 🚀
One Love, The FXPROFESSOR 💙
ps. just to add that Blackrock and the rest are a key factor. As indices pump, Bitcoin has remained relatively stagnant, but we anticipate a shift. Money is likely to flow into digital assets soon, reinforcing Bitcoin's status as 'digital gold.' Blackrock and the ETFs is the definition of 'money'... keep our ears open for that
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💸🆒BTC attempting the Epic breakout! if we break over 27k we get a proper Bull Run!
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hello October
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Updated levels
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Just a little update..this can be a big new breakout unfolding today
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update
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Just an update on the way to 40k. chart has worked perfectly
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