Bitcoin gives traders opposing views on BTC price strength into the monthly close.
Bitcoin may have retraced from its local highs above $28,000, but bears have not yet sparked a full retrace of the move.
For some, this is increasingly positive news, as BTC/USD is now successfully holding a long-term trend line lost as support earlier in August.Some hourly candles closing below into Aug. 31 were not enough to spark a more significant breakdown, and Bitcoin is tightly hugging the 200-day EMA into the August monthly close.“A lot of people are waiting for a better entry, but I don't think it's going to happen.
“This is exactly what I want to see after an impulse. Spike up, shallow retrace, hold at key HTF level. Send it higher,” he
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