- Crypto Banter YouTube channel host Annii thinks Bitcoin price is in a critical state.
- Annii identified some crucial patterns in Bitcoin’s recent price behavior.
- She noted the patterns are forming and require a trigger to choose a trending direction
A Crypto Banter YouTube channel host thinks Bitcoin price is in a critical state, and its next move will be crucial for how it will develop in September. In a recently uploaded video, the Crypto Banter host, Annii, identified some patterns in the Bitcoin price development. She noted the patterns are forming at critical support and resistance regions and require a trigger to choose a trending direction.
Annii noted that the Asian session on the last day of August was over. Typical of such sessions, the Bitcoin price consolidated from the previous day’s gains. However, she further noted that the Bitcoin price behavior during the European and US sessions would be significant to what would play out in the next month.
Despite the motivation of a new month, Annii observed that the weekend is near, and day traders need to be cautious. According to her, with September 1 being a Friday, it coincides with the trap-move day and could trap traders’ positions into weekend consolidation.
Annii adopted the astrology indicator in her analysis and trend prediction. She spotted the full moon indicator under the price chart, a signal for a potential upward movement. The Crypto Banter analyst explained that combining the indicator with upcoming news events could confirm her expectations and move the Bitcoin price in a specific direction.
From her analysis, Annii noted that the Bitcoin price is holding the 50 EMA on the one-hour chart, which coincides with the 200 EMA in the 15-minute time frame. She thinks that some of the upcoming news events for the day could form the tailwind for the upward price movement.
Having experienced a significant level-one rise in the past 48 hours, Annii projects that a positive news outcome could trigger the next move to signify the level-two rise.
The post Bitcoin’s Next Move Would Determine September’s Trend: Analyst appeared first on Coin Edition.