After suffering wounding liquidations which wiped out $1 billion from Bitcoin’s market capitalization, BTC found a support haven at the $25,000 mark, and the cryptocurrency’s price is currently floating in the $25,200 - $26,000 range.

BTCUSDT (2 Hour Time Frame): August 14, 2023 - August 23, 2023

Following the present correction phase, the direction of Bitcoin’s next sharp move remains unclear. Bullish traders are eying a rise to $29K, which would may in fact signal that Bitcoin will move in an upward manner to breach $35,000.

It would be a wise move to await any further developments surrounding Bitcoin, as September may bring about a sharp move for the world’s most popular cryptocurrency.