Written By: ChartChamp
March 23, 2024
$BTC has been dropping overnight, and is currently trading below the orange trendline. Yesterday I discussed that BTC could retest this orange trendline as support. However, this is looking like a failed retest of support where BTC is dropping below the trendline. For now there’s still the potential of a rebound, but it seems like there is a selloff from the FOMC pump.
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Bitcoin dipped below $54.4k, but I think the price action looks fine. This drop could be a wick below the support line, which is common for Bitcoin. The Altcoin market has been holding very strong while the markets are red today. This is a good sign for the crypto market as we approach Uptober. Follow […]
Read MoreThe 5th of the month has marked the monthly bottom for Bitcoin in July and August. I think there is a good chance that Bitcoin bottomed out today, and is starting to form a rebound. My forecast for Sept is a rally from early to mid September followed by a decline headed into the monthly […]
Read MoreThe Altcoin market has experienced months of sideways price action, but is nearing the end of this pattern formation. There is a good chance of a bullish breakout and rally over the next few weeks so I’m buying some more Altcoins here and patiently waiting. This cycle has been different compared to the previous cycles […]
Read More
Bitcoin dipped below $54.4k, but I think the price action looks fine. This drop could be a wick below the support line, which is common for Bitcoin. The Altcoin market has been holding very strong while the markets are red today. This is a good sign for the crypto market as we approach Uptober. Follow […]
Read MoreThe 5th of the month has marked the monthly bottom for Bitcoin in July and August. I think there is a good chance that Bitcoin bottomed out today, and is starting to form a rebound. My forecast for Sept is a rally from early to mid September followed by a decline headed into the monthly […]
Read MoreThe Altcoin market has experienced months of sideways price action, but is nearing the end of this pattern formation. There is a good chance of a bullish breakout and rally over the next few weeks so I’m buying some more Altcoins here and patiently waiting. This cycle has been different compared to the previous cycles […]
Read More