CandleFocus 'Stay strong': Here's what it takes for Bitcoin to reach $93,000
2024-09-08
Author: Content Editor
The "September Effect" is causing a decline in the price of Bitcoin and other cryptocurrencies, but technical analysts believe this is a temporary dip before Bitcoin can reach higher prices. Cryptorphic, an analyst, published a roadmap to $93,000 for BTC/USD on TradingView, citing key support and resistance levels to watch. The analysis looks at the two-week BTC/USD chart, tracing high time frame trend lines. Cryptorphic also identified two important support levels that could signal a bounce and upward move. Other analysts, including CrypNuevo, The ForexX Mindset, and Credible Crypto, have also provided their insights, with Credible Crypto celebrating Bitcoin reaching his downside target. As Bitcoin traders and investors monitor price action, it is believed that Bitcoin may soon reach and break its all-time high, but caution is advised due to the volatility of the market.
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