BTCUSDT 1D Bitcoin price is at a critical point and crossroads

٢٩ أغسطس ٢٠٢٢

After the introduction of the Fed on Friday, August 26, 2022, the main message of which was: "for now, it is not worth waiting for a rate cut", the prices of SXP 500, Bitcoin and altcoins continued their downward correction.
Risky assets do not like a high rate, and the process of reallocating assets and getting used to a high rate is currently underway.

The BTCUSDT price has reached the critical point of $19800 according to the fractals we published a week ago.
In the coming days, it will become clear where the BTC price will go next.

If buyers can fix the BTC price above $19,800, then according to the fractal, there will be quite a chance for BTCUSD price to rise to $30,000 by the end of September.
If sellers fix the Bitcoin price below $19800, then there will be quite a few factors that can mix the BTCUSDT price to fall in the area of ​​$12-14k.

If we look at the trade history of Bitcoin, we can see that in the vast majority of years, the value of Bitcoin decreasing by an average of - 7%+ in September.

Only in September 2015-2016 the BTC price grew.

Well, it will soon become clear where the BTCUSDT price will go in the coming month
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)