@moon333 2 August 2023 more from that month

Another Explosion Of Bitcoin? | BTC Price Prediction 2023 Hi friends hope you are well and welcome to the new update on Bitcoin (BTC). **Massive Bitcoins outflow:** Almost a month ago I shared Bitcoin price analysis, in which I was showed that there is a massive outflow of Bitcoins from different exchanges to the different private wallets, and as result of this massive Bitcoins transfer, there can be massive surge in Bitcoin price.

**By the way if you missed the aforementioned analysis, then you can watch the below video:** https://youtu.be/3V5I5uFMyEw https://www.youtube.com/embed/3V5I5uFMyEw   **Daily wedge breakout:** While massive outflow of Bitcoins at the same time, the priceline of the leading cryptocurrency also broke out a falling wedge pattern on a daily time frame, and the technical target for this break out was $31000 and the price surged more than 31800.

**A bullish harmonic move:** Before breaking out the above falling wedge pattern, on a 4-hr time frame chart, the priceline of the king of all cryptocurrencies also formed a harmonic bullish reversal Gartley pattern, and after the formation of this move the price surged more than 25%. By the way I shared this harmonic move as below:

**After the price surge:**

**For detailed analysis, you can also watch the below video:** https://youtu.be/61BQxOsfpKc https://www.youtube.com/embed/61BQxOsfpKc     **Bitcoin inflows to exchanges:** On 13th of July 2023, more than 68000 Bitcoins inflow was observed from different wallets to the different exchanges, and as a result, the price dropped more than 9% within next 18 days.

**Huge wedge breakout:** We need to keep in mind that Bitcoin has already broken out a huge falling wedge pattern on a weekly time frame, and after this breakout priceline is forming higher highs and higher lows. The technical target for this break out is approximately $70000.

**Conclusion:** Recently we have seen more than 9% drop in Bitcoin price that is a result of BTC inflows to the different exchanges. But still there is a very high probability, that after forming another higher low the priceline of Bitcoin move up to form another higher high very soon.