Bitcoin is going on with healthy correction. The major support zone now is $10500-$10800, we may see a quick spike to these levels, buyback at these levels with 30% percent of funds. RSI is good for another up move on the daily chart. Resistance zone to keep an eye is $11900-$12200 if Bitcoin breaks these levels we may going toward $14,000. If the breakout is in...
Bitcoin is now in the symmetrical triangle and we will see a breakout in the next 2 weeks. 100 MA is working as support now and RSI is in a good zone for a reversal. The short term targets are $10,800 and$11,500. If the triangle breaks upward Bitcoin will head towards $13,000. The main support, for now, is $9200. If Bitcoin breaks above $13,000. maybe we never...
Bitcoin is ready for a new uptrend. Bullish momentum has formed. This is not financial or trading advice, trade at your own risk!
Hello everyone! Bitcoin managed to close last week with a very strong candle, which was probably due to several reasons. Countries looking into Bitcoin, Microstrategy buying, Elon Musk saying they won't sell and a lot of other little positive news coming from various groups which are pushing for regulatory clarity and are pro Bitcoin. We had the formation of the...
Past Performance of Bitcoin Bitcoin prices are back trending inside the ascending channel set in motion in mid-September. BTC bulls appear strong following the recovery from new October 2022 lows at around $18.2k. Since yesterday's bar had high trading volumes versus the recent performance and closed in green, yesterday's trend continues today. Accordingly,...
Past Performance of Bitcoin Bitcoin remains within a bearish formation and has broken out from the bear flag printed in late September. Even though the past day's trade range was narrow and prices steadied, sellers are still dominant. At spot rates, traders should closely watch how prices react at the $18.5k to $19k support zone, aware that any welcomed surge...
Past Performance of Bitcoin Bitcoin prices are volatile, judging from the performance in the past three days. After gains of September 27, which were quickly reversed by the day's close, the rebound on September 28 has lifted the coin back towards the $19.7k and $20k resistance line. Technically, BTC is in range mode, printing higher highs from the lower BB—a net...
Past Performance of Bitcoin Bitcoin prices are steady, trading within a tight trade range at spot rates. Prices are notably pulling back from recent highs of $25.23k when writing, an indicator of bears rejecting higher prices, reading from the arrangement of August 13 through to early August 15. The result today is a long upper wick in the daily chart suggesting...
Past Performance of Bitcoin The Bitcoin price crashed on June 12, forcing prices lower in a bear trend continuation pattern as visible in the daily chart. At spot rates, BTC is down roughly 50 percent down from April 2022 highs, and sellers dominate. Currently, BTC is down five percent versus the USDT, down 17 percent in the past trading week. #Bitcoin...
Bitcoin has been in a really bad spot over the last few days and the situation seems pretty tough. Alts have been stealing the show and money is flowing out of Bitcoin and into Alts. Yes the Tesla situation played a role, as well as the volatility / correction is stocks... but Bitcoin was already not in a healthy spot given how fast it went up. In my opinion the...
Hello my fellow Bitcoinistas! Nothing special today. Just sitting back watching my hodl stack grow! According to Metcalf's Law Bitcoin is WAY UNDERVALUED according to the size of the Bitcoin Network and the price is currently trying to catch up IMO. Some are talking $100K to $300K minimum by the end of the year and that is totally possible IMO. Supply is...
Past Performance of Bitcoin Bitcoin prices slipped on July 6 but remain bullish, per the formation in the daily chart. At spot rates, the coin remains within a consolidation, moving tightly inside a $1.5k zone with caps at $31.3k and $29.8k on the lower end. Technically, buyers have the upper hand, but there can be more upsides if traders shake off the current...
Past Performance of Bitcoin Bitcoin prices are steady and bullish despite the contraction on July 4. Overall, the $31.3k remains a critical buy trigger level. For the uptrend of June's last few trading days to continue, there must be a comprehensive, high-volume close above this level. Even so, aggressive traders could find entries to load on dips above $30k in...
Past Performance of Bitcoin Bitcoin is roughly 20% from June 2023 lows and resilient, soaking selling pressure, looking at the performance in the daily chart. Even though there were attempts for lower lows, prices are firm above the $30k psychological level and $29.8k. Meanwhile, the coin is defying selling pressure and may break above $31.3k in the days ahead in...
Past Performance of Bitcoin Bitcoin is firm at spot rates, adding 20% from June 2023 lows. Trading above $30k, the coin is within a bullish breakout formation, and buyers are confident. Therefore, per the candlestick arrangement in the daily chart, traders can look for entries on dips above $28.3k, expecting even more gains above $31k. Any upswing above April...
Past Performance of Bitcoin Bitcoin continues to float higher when writing, and prices will likely breach the $27.3k level in the coming hours. From the daily chart, BTC prices are resilient and have reversed recent losses, tracking higher and likely to confirm buyers of June 6. As it is, traders can load on dips with even more opportunities above $27.3k, with...
Past Performance of Bitcoin Bitcoin is up roughly 7% from last week's low and remains within a bearish path. Despite the recovery, there must be sharp price expansions with increasing volumes above local liquidation levels in the short term. Following the reversal of June 14 losses and prices edging above $26k, aggressive long traders could find entries to double...
Past Performance of Bitcoin The broader financial market reacted negatively to the FED's decision on June 14. Bitcoin is lower, below FWB:25K , an unexpected development. The coin is in a breakout formation, reading from the formation in the daily chart. With prices below FWB:25K , BTC is likely headed towards $22.5k, allowing traders to ride the emerging trend...