Quote from: promise444c5 on August 22, 2025, 07:49:38 PM

Quote from: dezoel on August 22, 2025, 06:53:22 PM

? We can't know, Or the halving year, last time in 2020 it was up on august, but in 2024, it was down. So as you can see this chart is risky, dangerous, and could make you lose money and you should be careful with what you are doing about this.

It’s averaged, could be bearish or bullish but it’s mostly bearish same for September.. Could be different this time anyways but here’s my take..
Normally the 116.5~116.8 was suppose to be our bottom for last week but after it broke it, it means there was no buying force at that moment so it headed straight for the demand zone which was at 110.7 ~113.7k.. now it pumped a little but anything that takes us below 115k again could takes us just down again to the DZ and maybe even more for September if the pressure force it downward below 110k then we could be talking about 106~99k(maybe more can’t say) for September ..So, we could just maintain the current DZ / pump to new ATHs or we could get more dips for more buys, doesn’t matter anyways just more time to stack up more cheap sats , I could be wrong though (DYOR:)).

What happened in the past and today is different in recognizing a bullish market. Graphically, each year is also different, but we will see a similar pattern because it can come sooner or later.

Support has been broken, and we are seeing how strong support is today at the $109-$112 price level because this is also forming a barrier. If it moves sideways close to this number, it is likely to become the next strong support as well. However, it is also very uncertain at times. The bearish trend in the near term is still visible. We need fresh sentiment to see significant price developments, with demand influenced by better news as a bullish catalyst and/or prices breaking out of the near-term bearish trend.

Some people should add to their positions, as I also believe that the current decline won't last long. If there are those who haven't bought yet, it's best to try at this price, because if they wait for the price to drop below $100k, I think they'll face difficulties and their wait will be in vain.