Although Bitcoin continues to stay above $ 60,000, we see that the market turns red. So, are these movements a shake-up before the monthly closing? Or are we really falling?
First of all, we see that this monthly close in Bitcoin is important and critical. As we have mentioned before, the monthly close above $58800 technically will allow us to maintain our upward expectation for the coming months.
At this point, eyes turned to PlanB’s worst-case Bitcoin scenario. As you know, the analyst, who knew all the monthly closures to date with his analysis in June, was that the October forecast price would be above $63,000.
While eyes are on the monthly closing in Bitcoin, which is currently 4% away from $63,000, we are curiously waiting to see if PlanB’s target will be realized with a pump that will come shortly before the closing.
PlanB recently said that there are 12 hours left until closing, implying that there is no change in its expectations. If we see a $3-4,000 pump in Bitcoin in these 12 hours, confidence in PlanB’s analysis will increase exponentially.
*Not Investment Advice.