Bitcoin prices It has now shattered by more than 4 % After reaching the highest new level ever on August 14. The captain of the encryption market is still in a state of unification, and momentum may be collected in the next stage. In the midst of this stable structure on the market, a famous commercial expert at X Username Killxbt offers an insight into possible price developments for the next month.
CRT September flags as a pivotal bitcoin bull cycle
in X post On August 15, Killaxbt determines potential BTC prices through the in -depth technical analysis of the monthly scheme. Using Crete theory (CRT), the famous analyst assumes that the first cryptocurrency will enter a pivotal month in September, during which a cycle summit can be produced. Looking at the performance of assets in August, Killxbt notes that Bitcoin formed the lowest monthly level at 111,986 dollars, before a monthly open recovery at 115,747 dollars and even rising the highest walking with previous predictions. It is worth noting that the first encrypted currency swept its highest level ever before the experience of a Cracking more than 4 %
Based on the monthly graph, the famous analyst also explains that the Bitcoin market has now seen five consecutive green monthly candles. However, the recent rejection indicates that the movement of prices and momentum take a rewarding curve. Therefore, price movement in September offers a decisive moment to confirm the direction of the market. This next month, Killaxbt has discouraged investors to see whether BTC can stick to the current open monthly monthly at $ 115,747. Continuous reservation can pave the path to moving towards regions between 125,000 to 127,000 dollars, which represents a marginal extension of the gathering and may take another test to condemn the investor at higher prices. However, Killaxbt also warns that Bitcoin, which opened in September with an ever, may not necessarily indicate a continuation of the upward trend, but also indicates the top of the cycle. On the other hand, the breakdown of the monthly open bottom would expose BTC to negative dangers, with $ 111,986, which is the lowest monthly level, as the first main support. It should be noted that losing this level can accelerate a corrective stage.
Bitcoin price overview
At the time of this report, Bitcoin is traded at $ 117,559, which reflects a slight decrease in prices by 0.66 % last week. In large time frames, the leading cryptocurrency also reflects the marginal prices of +0.78 % and -1.36 % on the weekly and monthly plans, which confirms the volatile market environment despite setting new levels at all.
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