Bitcoin’s new monthly candle shows promise but caution advised

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Bitcoin’s monthly candlestick pattern could indicate where markets are going next, according to analysts. 

The end of August could produce a very “interesting monthly candle” on the Bitcoin chart, signaling a potential trend reversal, according to an analyst.

However, others warn that the month isn’t over yet, and fundamentals are more likely to impact market movements.

In an Aug. 26 X post, analyst HODL15Capital observed that this was “arguably the most interesting monthly candle in Bitcoin’s history.”

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