- EGRAG CRYPTO made two tweets about BTC this morning.
- The dealer’s first tweet highlighted {that a} bullish reversal sample had shaped on the BTC chart.
- In his second tweet, the dealer acknowledged that the value of BTC will stay on the battlefield till round August and September.
Cryptocurrency dealer EGRAG CRYPTO shared their newest Bitcoin (BTC) evaluation in two tweets this morning. In his first tweet, the dealer acknowledged {that a} 5-day Hammer chart sample, a bullish reversal sample, had shaped on the BTC chart.
5D hammer on BTC chart (supply: Twitter)
In keeping with the dealer, this chart sample signifies {that a} native backside has shaped on the BTC chart. Additionally, this chart sample reveals that the bears tried to knock down the value of BTC, however they “outnumbered the bulls that pushed the value up”. On the finish of the tweet, the subsequent candle open and shut every day will assist decide the path of the pattern.
In his subsequent tweet, the dealer introduced on January 13 of this yr. an replace to a tweet he posted wherein he predicted a value goal for BTC primarily based on a way referred to as the Fib Circle. In keeping with the tweet, BTC value was supposed to beat the Fib Circle stage of 1.414 to sign one other bull run.
In its follow-up tweet, EGRAG CRYPTO shared that BTC value is at the moment above the 200 weekly shifting common and that it could retest the $25.9k robust base. He added that till BTC closes above the Fib Circle of 1.414, it should proceed to face resistance and stay “on the battlefield”.
Fib Circle on BTC Weekly Chart (Supply: Twitter)
The timing of this battle is anticipated to finish between August and September this yr. If this occurs, the dealer believes that the BTC value will break above the Fib Circle 1.414 resistance stage or fall beneath the inexperienced arc that he has drawn on the BTC weekly chart.
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