The Bitcoin price diagram now blinks a head and shoulder pattern with a fairly clear plan for what could come. Mix the fact that for the time being a non -filled real value gap (FVG) is available, with a high chance of being filled. This ensures a good idea for how the Bitcoin price could come out in the new week. However, there is also the possibility of a crash with resistance assembly that can cause problems for the cryptocurrency.
Filling the real value gap at $ 114,000
Crypto analyst Xanrox unveiled That the first Bitcoin opened real value Gap (FVG) after the last crash straight above $ 114,000. This gap left a gap for liquidity that could attract more buy-ins to activate another run. This real value gap is also above the head and shoulder pattern that has formed on the graph.
With the opening open and more likely to be filled, this suggests that the Bitcoin prize could see a first first run From here. This would take up to $ 114,000, and this is where the real problem comes in. This is because there is a lot of resistance that builds up gap above the real value that can be activated once the liquidity is dried dry.
Xanrox further explains that many Traders have placed their loss losses Above $ 114,000, which also contributes to the assembly pressure at this level. Whales will therefore take this opportunity to switch off all liquidity before pushing the Bitcoin price down again.
Bitcoin price on the edge of a crash
As soon as the real value gap is filled at $ 114,000, there is the next phase of the trend that is Bearish. In the post, the crypto analyst predicts that the Price starts another dump. This is activated by the lack of liquidity and the completion of the head and shoulder pattern.
The crash is expected to become deeper than the current local layer from August, which falls under the support to $ 108,000. The crash of more than 10% after filling in the real value GAP is expected to push Bitcoin back to $ 106,000 before he finds a bottom.
Xanrox expects all this to play this month and refers several factors for this. “We may see a huge landfill because it is September and it is statistically the worst month for Bitcoin and also for the stock market,” the analyst said.