BTCUSD is neutral on its 1D technical outlook (RSI = 49.966, MACD = -901.100, ADX = 24.861) as it is trading inside the 1D MA50 and 1D MA100. This squeeze is taking place while the Inverse H&S is forming its Right Shoulder. The 1D RSI is trading over the MA level, which is the same price action as the Inverse H&S of January. If it crosses over the 1D MA50...
...the latest action always takes priority. We didn't get the low volume weak retrace to 60-61k. Smells more like a spring than a lpsy. If true, then it was accumulation after all, as hard as it is for me to believe. It is what it is. The next retrace will be quite telling, aka the test. If its a weak dump, then it's worth a long.
Bitcoin managed to break out of the $67,000 daily range, showing strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken the downtrend line on the daily chart. Given the time frame after the halving and the current market trend, the price of bitcoin seems poised to rise further. Key resistance levels to watch: First...
BTC is trending on a downward chanel. The bottom of chanel is at $50K. Not a financial advice.
Of course, here is the translation: In the monthly chart of the Bitcoin cycle, there has been a correction of approximately 30% at the first touch of each black average, and we are currently experiencing this correction. For the continuation of the bull market, it will be sufficient not to close the month below the green average. The green line is the support...
Hello, friends! 🩷 Bitcoin is once again hovering and teasing us with its movement. 😏You might think it's stuck just like it was a few months ago, when we anticipated a price drop, but in my view, there are some differences that I'll try to describe in this post.👇 For clarity, I divided our chart into two parts - the left side showing the 9-hour timeframe,...
The minute that traders started to call the BTC market as “boring”, BTC decided to show them some action. Price moves as seen during the previous week the market participants were waiting for some time in the past. The price of BTC finally moved from the $60K support and it was pushed toward the highest close at $67.500 in midweek. However, it encountered...
Bitcoin Price Hits a Month's High, Breaking Key Resistance Yesterday's release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high. Meanwhile, there is sustained demand in the...
Welcome to this extensive analysis of Bitcoin. Bitcoin is poised for a major breakout. If it surpasses the FWB:67K level, we could see $100k by the end of the year. This is Scenario 1, as depicted in the chart. All the fundamentals align with the technicals, and the crypto community is increasingly bullish. Logic suggests we could be on the cusp of a...
BTC production cost doubled during the halving. This is part of why I think it will be very difficult for price to be suppressed for very long. Smart miners simply would not allow any additional supply to be released far below this price. The best miners have cash and BTC reserves as well. This wedge should break to the upside soon, if not the cycle will go MUCH...
Hey guys, Keep an Eye on the Inverted Head and Shoulders Pattern!💥 It's time to stay vigilant as Bitcoin gains momentum. The inverted head and shoulders pattern remains in play, signaling potential bullish movement ahead. If Bitcoin manages to break through the crucial 65,650 level, it could serve as a significant signal for the bullish trend, indicating a...
Three previous Bitcoin halving events have seen a considerable decline in BTC price prior to the event and a surge in the asset’s price in the months and weeks following the mining reward halving. The Higher The Better to SELL Bitcoins: PowerCrash to 24kK34K,even deeper to 8K potentially preparing. Bitcoin’s current rally is driven by institutional capital...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Bitcoin (BTC/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 64,597.02 1st Support: 63,447.10 1st Resistance: 67,218.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
The price would sideway for few days then would try to catch those 67-68k liquidity before the real drop
Bitcoin (BTC/USD) has just rejected off the pivot which acts as an overlap resistance and could potentially drop to the 1st support. Pivot: 63,223.31 1st Support: 60,588.92 1st Resistance: 65,521.94 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Hidden double bottom. Price reads $68,417, since last night when the smart money entered the trade. Double bottom met criteria combined with smart money entry.
1. Bullish Flag continuation pattern which support Bulls if Day closing end at 67,000$ and above. 2. ABCD pattern formation where exact retracement occurred at Fib 0.50 point which also support Bulls. 3. Harmonic ABCD pattern Point D expected to be completed at 89,000$ in coming days if price remain above 67,000$. 4. Fundamentally war and war like activities boost...