Can Bitcoin reach 66,000 dollars by September? Despite the accumulation continuing, Bitcoin lost 4.2% in value on August 16, falling below $58,000. However, according to technical analyst Titan of Crypto, Bitcoin may still be heading towards $66,000 in September. Titan of Crypto shared this forecast based on historical post-halving chart patterns: "Historically, the fourth month after halving has always shown bullish trends for Bitcoin, and this period closed above the halving price. If this pattern repeats, September could result in a rise above 66,000 dollars." However, popular analyst Rekt Capital states that the price of Bitcoin must first surpass a significant resistance of around $61,700. In a post on August 14, Rekt Capital used the following expressions: "Notice that the local peaks of approximately $61,700 (black) are functioning as resistance. Interestingly, Bitcoin is consolidating between the late June wedge peaks (~$62,000, black), and these peaks are reshaping as resistance, while the early July wedge peaks (~$58,280) are currently functioning as support." The next important resistance level has now dropped to $59,000. According to Coinglass data, a possible move above this level could liquidate a total of $700 million in leveraged short positions. If the Bitcoin price rises above $59,300, short Bitcoin liquidations could exceed $1 billion. Stay tuned for new information
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#Is there any chance that DOGS breaks ATH?
Can Bitcoin reach 66,000 dollars by September?
Despite the accumulation continuing, Bitcoin lost 4.2% in value on August 16, falling below $58,000. However, according to technical analyst Titan of Crypto, Bitcoin may still be heading towards $66,000 in September.
Titan of Crypto shared this forecast based on historical post-halving chart patterns: "Historically, the fourth month after halving has always shown bullish trends for Bitcoin, and this period closed above the halving price. If this pattern repeats, September could result in a rise above 66,000 dollars."
However, popular analyst Rekt Capital states that the price of Bitcoin must first surpass a significant resistance of around $61,700. In a post on August 14, Rekt Capital used the following expressions:
"Notice that the local peaks of approximately $61,700 (black) are functioning as resistance. Interestingly, Bitcoin is consolidating between the late June wedge peaks (~$62,000, black), and these peaks are reshaping as resistance, while the early July wedge peaks (~$58,280) are currently functioning as support."
The next important resistance level has now dropped to $59,000. According to Coinglass data, a possible move above this level could liquidate a total of $700 million in leveraged short positions. If the Bitcoin price rises above $59,300, short Bitcoin liquidations could exceed $1 billion.
Stay tuned for new information