Decoding, What BTC price Can Do Next?

Aug 22

Despite the uncertainty and volatility in BTC prices, many are optimistic. So, if it manages to turn down bearish factors and ascends towards breaking the $66000. Many desiring a rally in BTC could increase the probability.

Similarly, the official handle of @cryptoquant_com added a positive factor to X. Where it reveals that the total market cap has reached an ATH of precisely $165 Billion.
Likewise, it typically boasts an influx of liquidity into crypto landscaping, which sets the stage for a potential bullish market ahead. this often signals rising market leader's prices and spreading its resonance in the broader market, too.

With a variety of thoughts and predictions, one thing that comes commonly straight is that BTC needs to break uncertainty by crossing the $66000 hurdle.

At press time, the BTC trades between 50-day EMA and 200-day EMA, with no clarity on the other indicators, too, like MACD and RSI. The uncertainty continues in BTC.

On the contrary, if the price falls, then the major support bears could have their eyes on would be $56393.