Post
Topic
Board Speculation
Re: BTC Sentiment Poll for September
by
EarnOnVictor
on 02/09/2025, 02:43:55 UTC


This is not about predicting the September trend of Bitcoin, but knowing the prevailing market trend and the conditions created in the market. For me, I will be particular about the market pattern created and the support/resistance therein.

At its simplest, if you carefully followed Bitcoin movements, you would notice on the daily chart, it has been hesitant to break below the low around $107,370, and has subsequently created a quadruple bottom at that level.

My concern now is whether Bitcoin will break the level or not. Inability to break it will make the coin return to its ATH. But a successful break will further pressure Bitcoin in September.