BTC. 12h. We expect the fall to $8000 in the coming month.

21 sept 2020

Are you inspired by the BTC price movement over the past week to think about a confident continuation of the upward trend? Earlier in our idea, we wrote that if Bitcoin price rises above $10,600, then we need to recalculate the scenario, and here it is for our attention.

The price is moving upward in a bearish flag. The correctness of this figure is enhanced by two factors:

• trading volume declines on growth;
  
• the trading delta is negative.
  

Therefore, let us make two assumptions, the coincidence of which with reality will be a complete accident:
1) If Bitcoin price can rise above $11,080, then the sluggish growth will continue to the level $11,380 until 23-24 September, from where a rapid fall will begin.
2) Bears will do everything possible and impossible to close the month close to $8980.

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