In the long term, USDT dominance is in an uptrend. Within this trend, it often rises slowly, suppressing Bitcoin and altcoins, sometimes sideways, sometimes causing price declines. Then, with the sudden drops that follow, it puts Bitcoin and altcoins into a very sharp bull season. Right now, USDT is in an uptrend. I think that Bitcoin will enter a sideways channel...
In the long term, Bitcoin is in a logarithmic channel. The levels of this channel indicate how cheap and how expensive Bitcoin is. The aqua-colored channel represents the exceptionally cheap region that Bitcoin has never entered in history. The yellow channel has always represented times in history when Bitcoin has been cheap. Therefore, if the 62k level is broken...
Given the recent drop of Bitcoin below the $65,000 level, Bitcoin is currently experiencing downward pressure, with the price nearing critical support levels. In my view, these fluctuations suggest that the market may not be suitable for investors with a low risk tolerance. First Support Level: $63,000 – This level is an important point to monitor market...
#Bitcoin is sitting around $66,306.30, flirting with the 50-day moving average, a critical line in the sand. We've got solid support at $65,551 and resistance up at $71,452, So watch for a break below $65,551 for a potential drop to $60,364 or $57k. Volume's low, signalling consolidation. If BTC holds above the 50-day MA, a push towards $71,000 is on the cards....
There has been a lot of speculation that this current Bitcoin market cycle could end as a left translated cycle. This is most likely because Bitcoin surpassed the previous all-time high almost 1 month before the halving. This is the first time in Bitcoins short history that has happened. But, does this alone indicate that this will be an accelerated market cycle?...
As you can see Bitcoin is trying to bounce from the support area i drawed yesterday. Nothing new for us, and i want to see a lower low as a confirmation of a possible reversal pattern. I am entering long now with a tight stop just below local bottom targeting the 70K area. Will keep updated
To analyze the INDEX:BTCUSD Bitcoin to USD (BTC/USD) chart using the ICT style, we focus on the following key points and concepts: 1. Overall Trend Observation: The chart shows that Bitcoin's price has been in an upward trend starting from October 2023 and continuing until June 2024. Currently, a slight decline in the price is observed. 2. Liquidity Zones : -...
Bitcoin (BTC) ended last week with a whimper, failing to decisively break out of a bullish technical pattern and overcome key resistance levels. This has left many investors questioning the short-term trajectory of the world's leading cryptocurrency. After a price drop on Friday and a lackluster weekend, what can we expect from Bitcoin in the coming days and...
Yes, it certainly seems impossible for this to happen one-to-one. I just wanted to share it as an idea.
Price Movement Analysis Initial Stability (June 3 - June 4): The price of Bitcoin hovered around USD 67,000 to USD 68,000. This stability suggests a period of consolidation, where traders were accumulating positions. Significant Rise (June 4 - June 5): A noticeable increase in price occurred, moving Bitcoin above USD 69,000. This could be attributed to positive...
As we closely monitor Bitcoin's price movements, a critical resistance level at $72,000 stands out. If Bitcoin successfully breaks through this barrier, it could signal the beginning of a significant upward trajectory. The implications of surpassing $72,000 are substantial, potentially driving momentum that propels Bitcoin to new all-time highs. Reflecting on...
Since the begining of March BTC has been consolidating in a range from approximately $60k to just over $70k. A year earlier BTC also entered a consolidation phase in March with the price of BTC ranging from about 25K to just over $30k. The consolidation lasted about seven months with BTC finally breaking out in mid-October 2023. After exiting the consolidation...
I created this chart mostly out of boredom. I'm not sure that it has any value or that we can learn anything from it. Each 4-year period starts at the previous bear market low. You can see that the first market cycle is abbreviated, so there is a large overlap of the first 4-year period into the second 4-year period. The overlap continues to shrink in the...
- Like a Bull in a China Shop. - All in graphic, like always and very simple. - Stay S4fe ! Happy Tr4Ding !
The European Central Bank (ECB) has decided to cut interest rates by 0.25% unanimously, reflecting growing concerns about the economic health of the Eurozone. With inflation expected to slow to 1.9% by 2026 and GDP growth projected at 0.9% in 2024 and 1.6% in 2026, the ECB aims to stimulate borrowing and investment to drive economic growth. However, many investors...
Markets move in cycles and based on game theory . Everyone is risk averse and everyone jumps in when it appears "risk free". This is how prices would be bid up. Stocks work like auction . During Bull runs -> Highest payer - bids up the prices and the averages increase. During Bears -> it's a fire sale. BUYER has an upper hand and takes the lower prices...
The price of Bitcoin (BTC) has been steadily climbing in recent weeks, inching closer to a critical resistance level: $72,000. This price point holds more significance than just another round number on the chart. Analysts believe that surpassing $72,000 could trigger a chain reaction that propels Bitcoin toward new all-time highs. The Squeeze is On: Liquidations...
BITSTAMP:BTCUSD Bitcoin Update 🔹Bitcoin followed a bullish pattern. 🔹After a retest, the price pumped up to $71,000. 🔹The price might drop slightly to around $69,000, where there is support. 🔹Then, we might see the price go up again because it doesn't go straight up without some corrections. Stay tuned for more information ℹ️ #CRYPTOEASE