Hello everyone welcome to another analysis of mine look at the chart carefully
1st we were in downtrend from almost ath and it continued till we reached low of 2.6 $ since than we are moving sideways , there are small up trends forming in the way but they are unable to continue for a long time and as a result we are dancing bw 3 to 4.5 again and again
So now if we see the condition EMA 50 is acting as a good resistance and if we have to go to say 10 $ we need to make that resistance support . The 4.3 - 4.7 $ region is continuously pushing us backwards .
If we look at EMA 100 which is at 5.83 $ that will be the max price in upcoming weeks or a month ( august month ) since btc is looking strong from past days and is in mood to approach 28k $ mark .
Thus taking everything in mind my month price prediction for august will be a soldi 5$ .
1st we were in downtrend from almost ath and it continued till we reached low of 2.6 $ since than we are moving sideways , there are small up trends forming in the way but they are unable to continue for a long time and as a result we are dancing bw 3 to 4.5 again and again
So now if we see the condition EMA 50 is acting as a good resistance and if we have to go to say 10 $ we need to make that resistance support . The 4.3 - 4.7 $ region is continuously pushing us backwards .
If we look at EMA 100 which is at 5.83 $ that will be the max price in upcoming weeks or a month ( august month ) since btc is looking strong from past days and is in mood to approach 28k $ mark .
Thus taking everything in mind my month price prediction for august will be a soldi 5$ .