Dear subscribers, Welcome to Bitcoin Onchain, Offchain, and Beyond. In the last forecast (BTC price: $22.8k), I pointed out that bitcoin had a high chance of an August relief rally with lots of bullish signs, including short-term sentiment and institutional traders turning bullish, oversold key technical indicators, and a longer than normal FOMC meeting gap window. Since then, bitcoin rallied to 25k with many alt-coins generating 30%+ returns. With September now around the corner, I think it’s time for caution.
Time for Caution
Time for Caution
Time for Caution
Dear subscribers, Welcome to Bitcoin Onchain, Offchain, and Beyond. In the last forecast (BTC price: $22.8k), I pointed out that bitcoin had a high chance of an August relief rally with lots of bullish signs, including short-term sentiment and institutional traders turning bullish, oversold key technical indicators, and a longer than normal FOMC meeting gap window. Since then, bitcoin rallied to 25k with many alt-coins generating 30%+ returns. With September now around the corner, I think it’s time for caution.