Crucial Turning Point, Bulls or Bears?
Bitcoin has risen back above $80k and is now entering a crucial zone, we’re at a crossroads.
Above $82k lies bull-market territory. Both the weekly and monthly charts are showing this important line in the sand.
If we manage to break and sustainably hold above it, I think $100k could be the next target. But if we fail to build enough momentum, a new yearly low could come back into play or at least another correction that could take us back into the $60ks.
What do you guys expect? I’m leaning toward the bullish side if I had to choose. But September has historically been a rather weak month for Bitcoin, so maybe I’m wrong?
