BITCOIN Why holding this Support Zone for 6 months targets $100k

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Bitcoin (BTCUSD) will close the month of August this week and the 1M candle not only rebounded aggressively on the 1W MA50 (red trend-line) but also held the Symmetrical Pivot Zone for the 6th straight month.

This Zone is critical because during the previous Cycle in late 2021 it served as Resistance and since the recent March 2024 break-out, it has been acting as Support.

The Bullish Waves on the 2-year Channel Up indicate that after this month closes, $100000 is well within reach.

Do you think this is the start of the 100k rally? Feel free to let us know in the comments section below!

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