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The current Bitcoin market is presenting some interesting technical indicators. The three-day lower band is positioned around 104, but the likelihood of falling directly to this level is relatively low. A more probable scenario is that the price will find support around 110.
However, we cannot rule out a scenario where a sharp fall occurs during the change of the three-day line after three days, which could cause the lower bound of the three-day line to drop to around 106. In this case, we might see the price briefly touch the 106 level, followed by a quick rebound.
If this scenario comes true, we might experience a significant bullish trend. Interestingly, this could last for an entire month. According to this speculation, we might see this bullish cycle peak by the end of September.
However, investors should keep in mind that market predictions always carry uncertainty. While technical analysis provides valuable insights, actual market trends may be influenced by a variety of factors. Therefore, when making any investment decisions, it is essential to consider information from multiple perspectives and always maintain a cautious attitude.