What's next for bitcoin ?

8月5日Crypto market had one of the worst days in the history with sudden market crash. From the peak market had crashed 29%, this is the major correction since the halving. This market crash fuelled by the recession fears.
47-48K range acted as a support during this crash and it held strong, looking the current bounce back, i'm assuming this support will hold, if the this support breaks then next target for bitcoin is at the support level around 37-39K.
current recovery of the market is showing a strong upward momentum and looking similar to COVID Crash.
August and September month is gonna be difficult month for crypto holders, we can expect continued consolidation and and drop while holding 48K range. If the we have a bull run as everyone expecting then it's gonna be starting around October.

Let's see how it plays out.

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Cheers
GreenCrypto

8月9日

评论

recovery is in progress, expect some correction this weekend.