Bitcoin: Enters Rektember After Best August Since 2017
Bitcoin hits $76819 after strongest August since 2017, now facing Rektember pressure with bearish 4h signals on EMA50 at $77510.
SourceAnalysis
Bitcoin posted its strongest August since 2017 and now enters the historically weak Rektember period at $76819.23. BTC trades inside Bollinger Bands with upper resistance at $79319.2 while the 4h chart shows a bearish trend as price sits below EMA50 at $77510.36 and EMA200 at $71796.37. MACD registers a death cross at -324.53 and RSI at 36.4 remains neutral, pointing to limited momentum before any test of lower band support near $76714.97. Historical September underperformance for BTC adds weight to the technical setup amid broader crypto market caution.
Decrypt
@DecryptMediaDelivers cutting-edge news and educational content on cryptocurrency, decentralized finance, and Web3 innovations for a global audience of blockchain enthusiasts.