Bitcoin Price Closed the Month Above 8-Month Moving Average
Published on HivePostify by @chorock · Wed Sep 02 2026
Bitcoin price closed the month with monthly huge green candle. It closed August with 25% pump. It was the best month in 2026. We have not seen these monthly huge candle since 2024.
Here you can see monthly chart of Bitcoin price. After getting monhly huge green candle, Bitcoin price closed the month above 8-month moving average. It is important for long term trend. You can see what happened after closing above 8-month moving average. We may see the same scenario on Bitcoin price chart.
Here you can see the indicators on monhtly chart of Bitcoin price. Fisher Indicator is on the bottom and reversed up. We may see uptrend on this indicator. MACD Indicator is close to reverse up from the bottom. We need only a few months to see reversing up. You can see what hapeped both MACD and Fisher Indicators reversed up. Bitcoin price entered bullish season. We will enter bullish season after MACD Indicator reverses up. There is mini downtrend line on RSI Indicator. We should see breaking up this resistance.
We may be close to end of bearish season. We need to see price correction after this huge monthly green candle. After price correction, Bitcoin price may continue to go up.
We will see..
Posted Using [INLEO](https://inleo.io/@chorock/bitcoin-price-closed-the-month-above-8month-moving-average-hcg)
Tags: #hive-167922#proofofbrain#neoxian#palnet#cent#ctp#bitcoin#analysis#vyb#posh