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 the month isn’t over yet and fundamentals are more likely to have a greater impact on market movements.
In a post on X on Aug. 26, analyst ‘HODL15Capital’ observed there was “arguably, the most interesting monthly candle in Bitcoin’s history.”
