Bullish Signal on Leading Bitcoin (BTC)! Is a Rise Close?

It was noted that the leading cryptocurrency Bitcoin (BTC) lost value in a 7-day period between July 29 and August 5. It was stated that the leading coin, which fell close to 10 percent, may have recorded a critical signal as of yesterday.

Bitcoin (BTC) was seen to form an engulfing bull candle formation called "Bullish Engulfing" for the first time in a long time. Last night's closing level of $ 23,300 allowed it to absorb the declines of the previous 4 days. These analyzes have created predictions that BTC will rise again in the coming days, even if it has recorded a slight pullback as of today. A new ground was recorded in Bitcoin. BTC, which managed to hold at $ 22,600 levels, may record a trial from this support point to $ 28,000 by August. What awaits us in Bitcoin? As long as Bitcoin does not lose the $ 22,600 support in the coming days, it may experience an increase up to $ 28,000 and $ 32,500 levels. Although BTC's technical outlook looks positive for now, inflation data to be released in the US on August 10 may affect the course. BTC, which is not expected to go below the $ 17,700 bottom level unless a major problem is encountered as a fundamental analysis, may have entered the first days before a new bull season. Source: Kriptopiyasasi The investment information, comments and recommendations contained in this article do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.