Bitcoin go dey trade sideways before sharp September correction
Crypto analyst Doctor Profit dey expect say Bitcoin go dey trade side-side within 8% range through August. E warn say correction go be “very red” for September and e advise traders make dem ready short positions to catch di dip. Last week, Doctor Profit predict correct say BTC go surge reach $123,000 and later come down after US inflation data drop. Rekt Capital talk say past cycles show 25–30% retracements wey prepare ground for big rallies, while Titan of Crypto talk $119,500 na key level for di bulls dem. Now, Bitcoin dey trade around $115,670 after e shake from $115,355 to $123,782 inside di week, show say volatility dey high. Ethereum, Solana, Dogecoin, Chainlink, and Cardano dey follow Bitcoin moves, but altcoins performance mix. Technical provider Material Indicators warn say if e no fit break pass 21-day moving average, e fit mean more downside before rebound. Traders suppose dey watch these levels well to handle Bitcoin market wey get plenty wahala.
Bearish
Di news de yan tok say Bitcoin go down short time. Doctor Profit talk say water go enter sharp for September and e talk say if e no fit pass important level like 21-day moving average, e mean say better mind say e fit drop. Before times dem, when e dey drop 25-30% come go back, na so big rally fit happen, but only if e don drop well well. Market noise and some altcoin no too clear make people dey careful. Traders go use defensive plan dem like short position to make money from drop wey dem dey expect. For long run, dis drop fit make value balance and bring people buy again, but near time people mind still bad till dem fit hold key support and moving average again.