All Topics
All Topics
Technology
Technology
AI
AI
Business
Business
Entertainment
Entertainment
News
News
Programming
Programming
Security
Security
Science
Science
Design
Design
Environment
Environment
Finance
Finance
Crypto
Crypto
Politics
Politics
Sports
Sports
Education
Education
Gaming
Gaming
Art
Art
Music
Music
Health
Health
Books
Books
Food
Food
Travel
Travel
Personal
Personal
Bluesky
Twitter

Bitcoin price technicals suggest potential rebound to $100,000 by September amid double-bottom pattern

By

@cointelegraph

19d ago· 4 min readenInsight
technologyfinancecryptocurrencymarkets

Summary

Bitcoin (BTC) price technicals suggest a potential rebound to $100,000 by September, driven by a double-bottom pattern and bullish RSI divergence on the three-day chart. BTC rebounded 13.25% from below $60,000 to near $67,000 following a preliminary US-Iran truce that revived risk appetite. However, risks remain including whale inflows and a bear flag pattern that could challenge the bullish outlook.

Source

bskyBitcoin price technicals suggest potential rebound to $100,000 by September amid double-bottom patterncointelegraph.com

Key quotes

· 3 pulled
Bitcoin (BTC) chart technicals suggest that the BTC price rebound to $100,000 may still happen by September.
BTC rebounded 13.25% from its local low below $60,000, as a preliminary truce between the US and Iran revived risk appetite across global markets.
The recovery pushed BTC back toward $67,000 on June 15, tracking a broader relief rally in risk assets after the geopolitical breakthrough pressured oil prices lower and reduced near-term inflation fears.
Snippet from the RSS feed
Bitcoin price rebound from $60,000 support may extend as BTC forms a double bottom and bullish RSI divergence, but whale inflows and a bear flag pose risks.

You might also wanna read

Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?

Cointelegraph·2d ago

Bitcoin stabilizes near $60,000 after two-day slide, but 30% YTD decline keeps bear market fears alive

Bitcoin experienced choppy trading between $58,500 and $60,500 on Friday, snapping a two-day decline that had erased $4,500 from its value.

news.bitcoin.com·8d ago

Bitcoin stabilizes near $60,000 after two-day slide, but 30% YTD decline keeps bear market fears alive

Bitcoin experienced choppy trading between $58,500 and $60,500 on Friday, snapping a two-day decline that had erased $4,500 from its value.

news.bitcoin.com·8d ago

Comments

Sign in to join the conversation.

No comments yet. Be the first.