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Last updated  :  | By Wojtek

BTC – update – 05/08/2021

Welcome to PipEze daily BTC report.

Just like we said yesterday, BTC’s price drop looks like temporary break on the way to higher levels (45K-49K). Recent 4% rise only confirms Bitcoin’s strong bull trend. If we are correct, BTC could stay on $39000-$40000 level for a few days to build momentum and form partial decline. That would give buyers a platform to push price to $45000.

btc 05/08

PipEze Price Movement Benchmark dropped by 1 point but the difference between trend line and signal line remains high – 5 points. This gives us plenty of space to turn and continue upwards trend. Green trend area grows nicely day after day, which only confirms that bull market is strong.

pmb 05/08

Please follow closely all hourly signals which are posted on Telegram channel. Those signals provide good indication of price trend change.

Well done everyone.

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