Aug 29 • Market Updates 📊
Revised Bitcoin Chart. Likely $106k re-test incoming.
Bitcoin is selling off into the holiday weekend, for no clear reason. But is bottoming at the lower edge of the downward sloping parallel channel and closing in on the $106k Buy Block zone (Green Box)
Expect more chop and consolidation into next week here, and hopefully we can put in a daily cycle low to bounce from. I recommend buy limit orders at $106k to DCA buy more Bitcoin there.
Heavy buyer support at $100k to $103k so that's where I'd be buying more / accumulating more BTC.
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Revised Bitcoin Chart. Likely $106k re-test incoming.
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