Bitcoin goes North
2024-09-09

🚀 Hey Traders! 🚀

🔥 An exciting setup is brewing on the Bitcoin chart!

BTC is sitting at a strong support zone around $53,000 and just started to bounce higher. 📈 The price also tapped the lower band of the Bollinger Bands—a solid signal for a potential long move!

💥 Plus, we’ve got an engulfing candlestick pattern on the 4-hour chart, flashing bullish vibes. If the momentum continues, the next target could be in the $60K- FWB:65K  range. 🌕

👀 Keep an eye on this week’s main event: US inflation data. The consensus is that inflation will stay flat for August, and the big talk is about a possible rate cut in September. No major surprises are expected, but stay sharp!

💬 What’s your take on Bitcoin? Drop your thoughts in the comments below!

🚀 Let’s get this discussion going! 🚀