🚨POWELL SAVES BITCOIN AND STOPS THE BEARS🚨
✅️Powell's words yesterday at Jackson Hole helped the markets, in fact BTC then closed up 3.93% and S&P 500 at 1.49%
✅️Currently, BTC is priced at $115,200 and in August it is currently unchanged after testing a low of $111,655 yesterday.
✅️Since the beginning of the year, Bitcoin remains significantly in the green with a growth of
+23.40%, following the impressive +129.90% recorded in 2024
✅️At the current state, Bitcoin is recording four consecutive months in the green, and to see if August will be the fifth, we will need to wait for the close to have a definitive confirmation.
✅️Compared to the ATH on August 14 at $124,517, it is recording a decrease of about 6.30%.
✅️If we look at the trend over the last 31 months, BTC shows a growth of 569%.
✅️Since the beginning of the year, it is significantly positive, therefore one should not be surprised by any corrections, which even at a percentage level, remain plausible after strong increases.
✅️The first level is located in the area of $104,000-105,000, while the most significant support is found at $99,500.
✅️In this scenario, at the moment, to confirm the bullish setting, the price must break the resistance at $118,200
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