Although Bitcoin is currently showing a bearish trend, various technical indicators have not deteriorated, which may indicate an impending rebound.



From the perspective of moving averages, Bitcoin has formed an ascending triangle after last week's V-shaped reversal. Considering that the tip of the triangle is near the 20-day mark, it is likely to choose a breakout direction this week. Currently, the price is maintained above the moving average, and coupled with a quick recovery of the previous pullback range, various signs indicate that an upward breakout may occur this week.

The Bollinger Bands indicator shows that yesterday's bullish candle has recovered the previous pullback range and opened up the oscillation range. If today can form a second bullish candle, especially if a three consecutive bullish trend occurs, then a breakout at the daily level will be established, which may continue the upward trend seen in early July.

In terms of energy indicators, we are currently at the end of the turnover phase, with the value having reached above 50. The next two days will be crucial, and it is necessary to observe whether there will be a synchronous price breakout or a pump-and-dump behavior.

The momentum indicators show that the CCI has remained stable above 100 for four consecutive days, which is usually considered a signal of a daily bullish market. At the same time, the RSI and MFI indicators are also showing a resonant upward trend. With the potential appearance of consecutive bullish candles, a bullish arrangement may gradually take shape.

From the Ichimoku chart perspective, the lagging span has been consolidating above the price. If there are consecutive bullish candles that break through this area, it could trigger a strong upward movement. Currently, the price is maintaining near the previous high, and there is also a significant change at the end of the cloud, indicating that there is likely to be notable market activity this week.

In summary, multiple technical indicators suggest that Bitcoin may be about to experience a surge in price. However, investors should remain cautious, closely monitor market trends, and manage risks effectively.
BTC-2.69%
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DeadTrades_Walkingvip
· 08-15 22:02
As soon as I got into the car, I pulled steadily
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MissedAirdropAgainvip
· 08-14 13:49
Great joy, going all in again!
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LeekCuttervip
· 08-14 13:44
Action is more important than analysis; everything else is nonsense.
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AirdropFreedomvip
· 08-14 13:35
The market is a bit interesting, it surged!
View OriginalReply0
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