Bullish analysis: Bitcoin will target $100,000 after August closes
Despite Bitcoin (BTC) failing to break past the $65,000 mark, a trading expert has suggested that investors should anticipate a possible record high once August ends. In a TradingView post on August 26, Trading Shot highlighted that, based on historical price movements, the end of August could be pivotal in pushing Bitcoin to reach the coveted $100,000 mark. The expert noted that the flagship cryptocurrency has shown remarkable resilience by maintaining a critical support zone above the $50,000 mark for the past six months. This support level is significant as it coincides with the symmetrical pivot zone—a crucial area vital during the previous market cycle in late 2021. Picks for you Bitcoin draws ‘biggest cup and handle’ pattern that will ‘shock the world’ 23 seconds ago ...