$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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Comments

Bitcoin cross $50000 resistance!! Will it able to make it support??

Aug 23, #Bitcoin:BTC price move beautifully in bullish channel. In 4hr btc is making bullish Higher high and higher low pattern. Nothing wrong in chart. MACD also showing bullish as shared yesterday chart. Today BTC jump towards 50000+. Monthly expiry on Aug 27 and we can see high volatility. Monthly closing above 50k+ will be open gate for 65k and 100k. If you are trader than trade the range. If you are investors than ignore volatility.

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