Recently, the price movement of Bitcoin has attracted widespread attention in the market. By observing the weekly chart, an interesting phenomenon can be noted: the price of Bitcoin has rebounded twice near the weekly MA 60 moving average. Based on this observation, we can speculate that around September 15, the price of Bitcoin is likely to hover near the weekly MA 60 moving average again.



This movement has triggered a bold prediction: Bitcoin may fill the $93,000 CME (Chicago Mercantile Exchange) gap in September. This prediction is based on technical analysis and historical data, but it also needs to take into account market uncertainties and potential external factors.

Currently, the cryptocurrency market is facing multiple challenges and opportunities. On one hand, market liquidity issues still exist, which may affect short-term price movement. On the other hand, as traditional financial institutions gradually embrace cryptocurrencies, Bitcoin's long-term prospects remain optimistic.

It is worth noting that recent discussions about allowing 401(k) retirement accounts to invest in cryptocurrencies have also brought new expectations to the market. This indicates that cryptocurrencies are gradually gaining mainstream recognition, which may attract more institutional investors into the market.

However, investors must remain cautious. The high volatility of Bitcoin prices implies high risks, and any investment decisions should be based on thorough research and risk assessment. While following short-term price movement, it is also essential to maintain a long-term perspective and view the development of the cryptocurrency market rationally.
BTC3.45%
MA-8.66%
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LiquidityNinjavip
· 8h ago
Cut it, again炒了一堆空气 on the moving average.
View OriginalReply0
DeFiVeteranvip
· 08-09 04:48
Can it still rise? If so, let's buy the dip.
View OriginalReply0
ArbitrageBotvip
· 08-09 04:47
Hope to wake up to a 50% Slump.
View OriginalReply0
ImpermanentPhilosophervip
· 08-09 04:44
It's that time of the year again when Get Liquidated happens.
View OriginalReply0
GateUser-00be86fcvip
· 08-09 04:34
Laughing to death, the Rebound has started to get lively.
View OriginalReply0
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