[$110K support key as Bitcoin enters bear month with a 5% dip: Analyst]
The month of August has historically been a bearish one for Bitcoin, and is already off to a choppy start.

<p><img src="https://static.fwimg.io/img/1px.png" alt="$110K support key as Bitcoin enters bear month with a 5% dip: Analyst"></p><p>The month of August has historically been a bearish one for Bitcoin, and is already off to a choppy start.</p>

$110K support key as Bitcoin enters bear month with a 5% dip: Analyst

Market analysis shows that since November 21st, the daily RSI has remained below the 50 midline. Currently, observing the daily RSI, we see potential for it to break through the 50 midline.
Key points:
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Bullish signal: If the RSI successfully breaks through the 50 midline, this will be a worthwhile opportunity to long.
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Double resonance: At the current position, breaking through the 50 midline also inevitably means that the price will break through the daily-level descending moving average.
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Trend reversal: A double breakout signifies both a reversal in trading volume and a breakout in the trend, which, from a technical perspective, is extremely...

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The attack caused a shock.
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