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Bitcoincrash

#BITCOIN CRASH IT ABOUT THAT TIME BINANCE:BTCUSDT Hello everyone bitcoin is about to make another scary move again (11k or 10k range), I'm not always happy to see bitcoin falling but what do we do? Yet every fall Is always an opportunity for those who understand. so let go to the main discussion where I'll be expecting the next stop of #BITCOIN price movement. no long story if you have been following my previous BTC IDEAS if you haven't watched my previous bitcoin ideas go and do so now to understand my price tags and movements. so, my next stop where I'll be expecting bitcoin is at price ($11,620.45 ---- 10,086.26) at this range do not expect bitcoin to go lower meanwhile this could possibly be the golden button ever!!!!
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by REIMCLUEFX
Bearish flag resulting in 10k Bitcoin Bear flag: Short term: Bitcoin seems to have a systematic bounce from its current bottom in the 40k range, where the consolidation zone may bring k the price to the 45k range where the over-arching trendline is crossing and continuation to 49-51k. In the short term can we see a bottomed out MACD and an bottomed out RSI with room to reach levels of 45k and 51k range. Long term: After re-touching 45k and 51k ranges, would the price crash downwards as buyers have taken profit at these two price ranges. The bearish flag is formed and the the over arching trend is found once again on this down sloping trendline. Price movers which pushes the price downwards are: - The recession warning from Fed, impacting eg. the housing bubble - The supply-chain crisis impacting the economy negatively, eg. the food prices negatively - Increased oil prices - War time These factors in a period of economic slow down will make people less likely to invest in cryptocurrencies to keep dollar in their wallets. Here is there a negative correlation between DXY (Dollar Cost Index) and the price of Bitcoin. These reasons may cause the price of Bitcoin to follow the bearish flag formation resulting in a strong downtrend and reaching prices of 20k and 10k.
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by vf_investment
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Bitcoin Bottom Might Be $6,883This is a chart of the Natural Log of the YOY Running ROI of BTCUSD/SPX: Ln The pattern formed is striking in that the tops and bottoms both form perfectly linear patterns going back to the creation of Bitcoin. Using the same steep slope this indicator had at the end of the last 2 cycles indicates a value of -2.07 at the end of this cycle, if the pattern holds perfectly. Assuming the SPX stays constant at 3,900, Bitcoin would need to drop to $6,883.69 for the value to equal -2.07. Alternatively, if Bitcoin were to remain constant at $17,000, the SPX would need to raise to $9,631.56. TLDR: FOR THIS PATTERN TO CONTINUE, BTCUSD WOULD NEED TO BOTTOM AT $6,883 (GIVEN A CONSTANT VALUE FOR THE SPX)
INDEX:BTCUSD
by MarkLefevre
BTC/USDT In Freefall - $14K Incoming? 📉🚨Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX. This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌ Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝 We're looking for a local bottom around $14-16K. Still a volatile week ahead with CPI and elections finishing up. Stay safe and eyes peeled! 👀
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by QuantVue
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