Several indicators suggest that BTC could see upward momentum in the coming days. Historically, August has been a strong month for Bitcoin, and with positive news around institutional adoption and increasing on-chain activity, there's a good chance we could see BTC break through resistance levels. The Relative Strength Index (RSI) is also hovering around neutral, leaving room for an upward push.
Given the current market conditions, I lean slightly bullish for the short term. However, it's crucial to monitor key support and resistance levels closely, as any significant move could set the tone for BTC's direction leading up to the campaign's conclusion on August 14.
What do you think? Are you bullish or bearish on BTC? Letâs discuss!
