In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing. BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level. The price has already broken below a key pattern, signaling a...
Bitcoin is designed to grow forever and works like the US500 but only with higher volume. BTC volume is incredible and I won't be surprised if we see 100k++ within 3 months or summer. 3-17 June 2w closes in green!! More details on the MD channel or in future updates. I wish you success and see you at the top! MD
Bitcoin's price rallied sharply after United States Consumer Price Index (CPI) data came in lower than forecast. The CPI data was unchanged from last month, and the year-on-year figure of 3.3% showed a slowdown from the previous pace of 3.4% — both 0.1% lower than forecast. Bitcoin plummeted below the 20-day exponential moving average ($68,700) on June 11 but...
As I mentioned in my previous posts, I am bullish on Bitcoin and expected a break above $71,000 with a rise to at least $85,000. However, I always consider multiple scenarios. In this post, I want to discuss all the potential outcomes I foresee. The Good Scenario: As shown in the chart, although the price dropped again from the all-time high resistance, the...
The dominance dump that led to the last alt coin rally, based on reviewing the monthly chart, shows a bearish engulfing candle (red box) before breaking down out of a multi year trend. This time we are seeing a recent bullish engulfing candle (green box) and what seems like a possible bearish fake out based on the bullish trend support line over the past 2 years....
Hi fellow traders, BTCUSD will be ready to make a move higher from the blue box after it completes the flat correction. Target the 79219.46 level. Good luck and trade safe!
Bitcoin long-term chart analysis In 2013, the price of Bitcoin broke its previous ATH and moved approximately 3700% after the breakout. In 2017, Bitcoin's price increased by over 1450% after breaking its previous ATH. In 2021, Bitcoin's price rose by more than 250% after the previous ATH breakout. This year, the price broke the 2021 ATH. We can expect a bullish...
The trend is still our friend. I still see bullish developments in the price action. We must have patience. Dips still must be bought. The plan hasn't changed. We still aiming for that time period of 9 -15 months post #BTC Halving. We are only one month down :)
Please see previous btc ideas for more context ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
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
The formation of a rising pattern is about to end, it could be a flag, which could take us to 77K , if its not a flag we can go lower but at the end bull trend is intact.
H1 - Strong bearish momentum Most recent uptrend line breakout Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating. On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected. Looking at the 4-hour chart, things seem tricky for Bitcoin. An ascending channel is currently being...
Firstly, I'm still bullish. However, Right now we have btc at 70k. according to analysis price need a pool back and then we can consider a buy order until 76k to78k.
OKX:BTCUSDT has created a classic Head & Shoulders pattern on the daily timeframe. If it confirms below the neckline, we could see a pullback to $60,500 - the same distance from the peak of the Head to the neckline from the breakdown. This is not actionable until it confirms, when a candle closes lower than the first candle closing below the breakdown. Given...
Recently, Bitcoin has experienced significant volatility, sharply declining after the flash crash on June 6. Prices fell from the $72,000 level to below $70,000, leading to substantial selling pressure. However, positive trends can be seen in the market as U.S. ETF issuers are buying a lot of Bitcoin, which boosts confidence in the long-term outlook of the...
Overview: This analysis looks at the historical and projected price movements of Bitcoin (BTC/USD) on a weekly chart. Historical Price Movements: 1. First Major Rally (2016-2017): - Growth: 4,499.77% - Price Increase: From ~$430 to $19,439 - Duration: 86 bars (602 days) 2. Second Major Rally (2020-2021): - Growth: 1681.18% - Price Increase: From...
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...