Bitcoin (BTC) is on the cusp of a critical test as it approaches a trendline resistance that proved formidable in May. Concurrently, a surge in Bitcoin mining hashrate, a bullish indicator, is adding fuel to the rally. The benchmark cryptocurrency has been on a consistent upward trajectory, fueled by a combination of factors including increased institutional...
The final sell-off of the German government's BTC reserves has calmed down to the point of the big bad olf being gone. Mt Gox is still in the back of everyone's mind which is why the fear greed index still sits below 45 but I truly belive that we have bottomed already and BTC is preparing for a massive explosion in Q4 of this year.
Is Bitcoin ( CRYPTOCAP:BTC ) heading toward a -50% correction Armageddon? That is what the weekly chart seems to suggest. I hate to be the pessimistic guy, but you don't need to be a trading and charting expert to see the similarities between 2021 and 2024. What could trigger this massive correction is the incredible pump that the ETF has created. Imagine, for...
BTCUSD Index Analysis OF Very Probable reversal and new downtrend continuation Reasoning goes by the points I've made below DOUBLE-TOP that happened at May 20th and June 24th AT 71940 BITSTAMP:BTCUSD Further major and strong Order Block (4H OB) at 67700-68400 BITSTAMP:BTCUSD level This recent move, that has been happening since July 19th, has sweeped...
#BTC : Block out the noise. We're far from finished! Each dip presents a new opportunity. You FOMO when the market's green, but turn sceptical when it's red. That strategy won't cut it. Bitcoin Monthly Analysis Update Chart Overview: - Channel Analysis: Bitcoin is in a long-term ascending channel, showing a bullish trend with strong support and resistance. -...
Since the previous Bitcoin Impulse wave analysis got very long, here the subsequent analyses for Bitcoin Upward waves will be presented. Anyway, continuing from the last analysis; the correction started when Bitcoin touched the major channel's upper line and the horizontal resistance area (The chart of previous analysis is provided for reference in blow). There...
Bitcoin is currently experiencing a pullback after a bullish run lasting nine days. The next strong support zone is between $61,379 and $60,298. I anticipate Bitcoin will fall to this point of interest (POI), where we should see a reaction. There are multiple confluences suggesting a long setup, one of which is Bitcoin trading above the 200-day EMA, an important...
On the 4-hour chart, as you can see, Bitcoin's price faced some demand after ranging and minor fluctuations around the $53,700 level. Following the break above the $60,000 channel, it managed to grow by almost 20% to the $65,000 range. Currently, it is trading around $64,400. My expectation for Bitcoin is that it could grow to the 66,700–67,500-dollar range. If...
BITCOIN HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price around 57,056 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level PRICE MOVEMENT : the price in previously can be stabilizing...
Since the last BTC update, the price has followed our expected path perfectly. Currently, BTC is trading right around the critical resistance level of $63k, a level I've highlighted since it reached $53k. This is the moment of decision. Following the news of an assassination attempt on Trump, the market experienced a relief rally. However, it's still uncertain...
🚀 CRYPTOCAP:BTC Update: Soaring High! 🚀 My positions are crushing it! 🤑 Time to start locking in some gains. 😎 Scaling out in these zones: #BTC: $59.5K - $63.5K 🎯 Already de-risked 25% as we hit the lower end of my targets. Smart money secures profits along the way! 😉 Remember, this is NOT financial advice. Do your own research and trade...
I told everything in the video if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Welcome to this Idea on Bitcoin. As speculated in my previous update, the price was unable to break the 100 EMA, resulting in a rejection and subsequent decline. Now, $56,452 appears to be the next significant level to monitor. The 200 SMA on the daily chart is also crucial, with the price currently trading around this level. Let's observe if this support...
In this post, Bitcoin's past behavior, including impulse and correction waves, is analyzed to forecast what could happen in the future. So, let's jump to the main point. The first Bitcoin move (including the upward and correction waves) lasted much shorter due to initial acceptance. If we do not take into account Bitcoin's first move, the next three major moves,...
The Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the...
Just like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is...
**Technical Analysis: Bitcoin (BTC) Daily Chart** **Current Market Situation:** Bitcoin (BTC) is currently trading at a critical support level, with the daily chart indicating a high likelihood of a reversal in the near term. The Relative Strength Index (RSI) is hovering around 30, signaling that the cryptocurrency is approaching oversold territory. **Oversold...
If you haven`t sold BTC on this top: Then you need to know that Bitcoin is currently trading at $64,200, approaching the oversold territory on the RSI Relative Strength Index. Historically, when Bitcoin enters the oversold area on the RSI, it often experiences a technical rebound. The RSI is a momentum oscillator that measures the speed and change of price...