Our last Bitcoin analysis caused quite the stir... Understandably those that are holding Bitcoin would want to see it moon BUT we would rather be cautious and mark out any other possible scenarios that may happen and would allow us to buy into Bitcoin more before it moons. Now that we've completed wave B, we can see that we made a new high = can't be a 535 flat...
As a follow-up to my Idea from May 1st where I pointed out the key Volume Profile Support of 56.9k that has held and now we go into the weekend at the Volume Profile Resistance of 62k. Which of these breaks... Support or Resistance... will be the way Bitcoin goes! Does the bull trend fail or continue? Ichimoku will be the decider.
Hello,Traders! BITCOIN is going up now But a falling resistance Is ahead so after the retest A local bearish correction Is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Today Bitcoin has hit the last level of Support for the Bullish Trend that has persisted since October 2023. This comes after making a new All Time High but failing to truly capture the prior All Time High by closing decidedly above it on the Weekly/Monthly. The Level in question price has hit is a medium-significance Volume Profile level from the bullish trend....
We frequently look at the altcoin market and very often look for clues on its dominance and market cap. A historic comparison of alts with Bitcoin's (BTCUSD) Cycles shows that alts bottom after Bitcoin, a lag which is natural considering that BTC is the market leader. Similarly it is possible for alts to rally when Bitcoin is correcting or consolidating. Using...
please check previous analysis Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
Bitcoin (BTC/USD) is rising towards the pivot. Could this crypto-currency stall around this level before potentially reversing to drop lower towards the 1st support? Pivot: 60,618.00 1st Support: 56,802.43 1st Resistance: 63,834.96 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
✅BITCOIN broke the key Horizontal level of 61k$ So we are bearish biased Now and as the pair is Making a bullish correction We will be waiting for the Retest of the broken level Which is a resistance now From where we will be Expecting a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello, friends! Today, I wanna share with You my short-term analysis of Bitcoin.👇 Note that the price has broken through the purple 🟣 and the orange 🟠triangle. Currently, the price is attempting to test the resistance level 60 000 (the lower triangle line) and it's likely that we'll see a price decrease to the levels of 56,000. If we fail to establish...
Hello Traders ! On The Daily Time Frame: The Bitcoin Formed a Double TOP Pattern. Yesterday, The Price Broke The Neckline ! So, I Predict a Bearish Move 📉. __________ TARGET: 53100.00🎯
This is an update to my previous Bitcoin short idea. Price reached above 50% of the range which means it has reached the minimum premium for shorts being viable. I will monitor price action in the current Daily Order Block and see if we move lower from here. There is a resistance trendline with Buyside liquidity so we may still reach higher into the zone from my...
Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as...
This was a wonderful trade setup on shorting bitcoin, this was the analysis few weeks ago! We might see a slight pull back from here, or we can see another meltdown cause of weakness !! keep an eye on that level! thank you and follow me for more analysis
The last 2 days are very negative for Bitcoin. The market is currently trading around 57000. Here are the important key levels to watch. Resistance 1: 59200 - 61300 area Resistance 2: 66850 - 69100 area Resistance 3: 71600 - 73800 area Support 1: 52200 - 53000 area Support 2: 50500 - 50700 area Support 3: 46900 - 49100 area If the market closes below the...
#bitcoin #btc has lost the falling channel support and now hanging below. Former trend support is now resistance. #btcusd price may test the orange box. This is also the bearish retest. Declination will cause dump to continue. Not financial advice.
The recent analysis of Bitcoin's price dynamics on the Binance exchange, captured on a 4-hour chart, indicates a significant bearish trend. The price has notably broken below a dynamic support within a descending channel, punctuating a swift decline in market value. This descent is further emphasized by a failure to hold above the support around the 51K area,...
BTC possible movement towards $55k zone before continuing it is own rally, which will allow alts to make some moves. On the long-term view, BTC peak end 2025/early 2026 could reach around $900k
Bitcoin (BTCUSD) hit and broke yesterday below the 1D MA100 (red trend-line) for the first time in more than 3 months (since January 23 2024). This is progressively turning the majority of news and traders across the market bearish and in full confidence of shorting to even lower prices. Should long-term investors panic? The answer appears to be 'No' and in fact...