$BTC $29k or $100k?? Pump or dump?

Bitcoin update in 4hour time frame

#Aug 22: Bitcoin in 4 hr: BTC price is moving in uptrend channel. BTC look bullish as it making continue Higher Low. $48100 is good short term support. and 50k is good resistance, Breakout $50k will help to push price towards $52k-$53k.

US dollar Index can impact in Short term as Global market shows correction when DXY jump. But in mid/long term , BTC have own path to follow.

BTC in day time frame

#Aug 22: #Bitcoin in 1 Day: In last week BTC test MA 200 multiple times and now BTC price well move above 200 daily moving Average which is at $45850. We can also see proper Golden cross between MA50 and MA100 which indicate that BTC market positive and ready for check upper target.

$50000 is resistance for BTC and $44k and $40k is good support area for picking new position.

BTC in weekly time frame

#Aug 22: Bitcoin in Weekly Chart: Weekly chart also indicating bullish momentum in Bitcoin: BTC is making 5th continue green candle on chart and test support in each candle which make it strong. $30000 and $40000 turn into good support for long term holder. $50000 is major resistance and breakout $50k and weekly closing above 50k will open gate for $65k and $100k.

We can also see that MACD turn into bullish on weekly chart and indicating that btc will open for new high in long term.

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Sep7:Bitcoin give big correction of near $10000 after 48 days of rally from $28000 to $52800. Yesterday BTC gave bullish breakout of $51k but it turn into fake out. As BTC break 50k support today, we saw panic sell on btc. Its most probably due to future Market. On daily chart BTC have support on $46000 and $44000 and so today candle will be important for btc. If BTC finish above $46000 than market will positive. At the time of writing BTC trading at $47000 after hitting $42843. This can be relief bounce. Market still in panic. We saw in Jan2021 -April 2021 that BTC took time after big quick dump and retest support again. So a little chance that BTC spend somedays here and retest 42k-43k area. We are in Bull trend till BTC run above MA 50 Day.

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