It looks like Bitcoin is very weak and tired after reaching and retesting the 50,000 resistance level. Even though the consolidation took much time between 47,000 and 49,000 the double bottom has been confirmed at 47,600 on August 30th, 2021 at 9:35 UTC+3.
From here we will see if the pump regains the energy to strike the resistance level instead of BTC flips down below 47,000. I ordered my buy position at 46,000 and expecting BTC to climb and break 50,000 before the half of September. But As BTC is sitting above 47,000 I still have a hope that it will rebound up to break 50,000. Just wait and see.
Disclaimer: This post has not a purpose to convince you to sell or buy or any kind of financial advice. It's my own consent decision-making.
Happy trade everyone.
