Quote from: buwaytress on August 21, 2021, 07:29:18 PM

An entire month now of higher highs on the weekends, always starting on Friday, stretching a couple of days, and then pullback mid-week. Don't know about you guys but that really looks like momentum building en route to ATH test.

Really looks like 50k could be the marker for the rally everyone's waiting for but I personally think the ATH will be the catalyst; we're going to be oscillating like the last 4 weeks in higher ranges until 60k.

Yes, bitcoin is poised to make a sharp bearish move in the near future. Should bitcoin break the $55,000-$56,000 level, the recent bullish pattern will complete and the odds of bitcoin breaking $60,000 in the near future will be quite high. The large distance between the current price of bitcoin and the $60,000 price can be considered a healthy distance.

Bitcoin breaking the $60,000 level will cause a major rally in cryptocurrencies. Therefore, the cryptocurrency market has great potential to rise from here.

As of now, bitcoin is trying to move towards $50,000. This is the major resistance as well as the weekly resistance area. Thus, if bitcoin breaks the $50,000 mark and makes a sharp bearish move, the next target will be $53,000 and $56,000 area.

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