Aug 29 : #Bitcoin: Bitcoin closed last week at $49300 and spend a week to test this zone where it make top $50562 and bottom at $46309. Today on Sunday bitcoin trading around $48500.
On 4 hr chart, we can see formation of bullish head & Shoulder. Breakout above $49500-$50000 will open gate for next zone. 12 hrs to finish weekly candle and as of now btc holding its price near top nicely.
MACD on Weekly chart also turn positive which indicating that September month will decide mega move in btc.
On chain Analysis also showing that whales are still accumulating btc and investors not interested in booking short term profit.
$48000 and MA200 ($46000) work as supoort for btc.
