The decisive moment

٣١ أغسطس ٢٠٢٤

Bitcoin is balancing on the edge of 3-month support (set in the last cycle). Additionally, the daily chart seems to have drawn a diamond formation. This is a pattern that often heralds a trend reversal. It is a bearish pattern however, given the white support line, it may be that the price will shoot up again. Certainly the coming days will show what lies ahead.