$BTC WILL BITCOIN REALLY BE SO BEARISH IN SEPTEMBER? ✍️🧏
First of all, credit goes to @CRYPTO MECHANIC for the image.
Now regarding btc, the truth is it is very uncertain at this moment, because we cannot have a really clear view of how this currency could be in September, primarily due to the high waves of volatility we have experienced all these days.
Beyond that, I would prefer to wait to see how August ends and how September starts to reach a real conclusion, but at this moment Bitcoin has just broken a key support level of $110,000, which is concerning, but it could also be a short to medium-term bearish trend, in other words, something that shouldn't be a major concern.
Even so, I will recommend that abstaining at this moment is the best option because we are truly experiencing a very bearish market and September generally has that bad reputation of being a bearish market, therefore my recommendation is if you take risks, make sure to have a very cautious stop loss and for the love of God, do not let them put the idea of “alt season” in your head, it's very goofy.
Later, I will explain what Alt Season means but believe me those big channels that assure you it will be a season where all coins will go up, well I tell you they are lying to your face.