BITCOIN is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 63825 then made
A local pullback and is now
Going down again so we are
Bearish biased and we will
Be expecting a further
Move down !
I told everything in the video
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BTC mitigating Daily timeframe Order block to moving upside. So Bitcoin moving some upside possible.
But $62800 is the best support area of Bitcoin. So maybe Bitcoin moving downside and touch the support to moving upside is high possible.
60000 $ to 61000 $Price Range is quite holding well.
➣ Bitcoin price is forming rounding bottom in the 60k-61k price zone.
➣ While 65000 $ is the major resistance. We may some good action this point. But the Weekly and Daily uptrend is intact which confirming the BUYING sentiment.
➣Accumulate at current market price we may see further upside in coming sessions.
Bullish scenario: $64000 is broken and run to $72000. If $72000 is broken, a bull flag formation occurs and 100k is reached.
Bearish scenario: Rejection at $64000 and break of both price action support and moving average level at $60000. It drops up to $52000.
Since it recovered quickly after the decline below 60k at the beginning of May, I think the bear...
Here's an updated 'Path to $100k - $150k Bitcoin' study.
We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over $16B in AUM.
We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to $700M from $600M to buy more...
Last week was very eventful for BTCUSD. Breaking out of the
two week long consolidation, the price surged, increasing by around 20%.
However, after reaching a local high on Thursday, the price began
consolidating recent gains and is adjusting to the $60,000 mark.
The positive for bulls is that this consolidation is forming a symmetrical triangle, which we know...
Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED...
I’m not saying that Halving will begin on April 8th, this is an assumption based on my findings.
My forecast is this: Bitcoin is now a colossal success for ETFs, and now "MicroStrategy" has like-minded people, it is enough to single out one figure for everything to fall into place, "BlackRock", which is accumulating 82000 Bitcoins today and announces on the "CNBC"...
Bitcoin completed its measured move from the breakout at $31,800, to $37,800 and reached its peak at $48,900! As expected, we witness a sell signal at this level, indicating that the bull run is over. Should we short or long?
How do we trade this? 🤔
My last analysis began just after the confirmation bar closed after the sell signal that wicked at $48,900. This...
Please Notice the Fake breakout , this move made to fool traders to open short and then squeeze them out the market , i expect the price will keep rise up , Cheers
Bitcoin broke out of it's trading range between $25,000 and $32,000 and touched $44,800! Does this mean we're going to new all-time highs? I'm skeptical for a parade of reasons, all of which are based on historical and current data points. Let's dig in!
How do we trade this? 🤔
Recent Data
Since the trend reversal in January 2023 we've had three pushes to...
Here's my revised "Potential Path To $100k+" chart, adding in new factors that further point to the higher Fibonacci targets.
Similarly, the 3.618 accurately predicted the exact market cycle top in 2021 (drawn from the 2018 Hi / Low cycle)... Worth noting - see chart.
The following factors show 3 levels for Bitcoin upside in 2024, which I've labeled as 3...
The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings...
