This is my prediction. Bitcoin will hit 80K + by June 10th 2024. 90K Possible also.
Marathon Digital ( NASDAQ:MARA ), a prominent Bitcoin miner, sets its sights on doubling its hash rate by the end of 2024, following the recent Bitcoin halving. Despite the halving's impact on block subsidy rewards, the company is optimistic about its growth trajectory, leveraging increased machine orders and capacity from recent acquisitions. This move...
🏃♂️Bitcoin is moving near the Resistance line , 50_SMA(Daily) , and slightly above the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Double Three Correction(WXY) . 📈From the point of view of Classical Technical Analysis , it seems that Bitcoin has managed to form a ...
Bitcoin's challenge with the resistance zone is evident; it's yet to muster the strength to break through. Presently, I'm anticipating a potential decline. Keep an eye on this space for updates.
#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term. Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s...
Current Bitcoin ( CRYPTOCAP:BTC ) price action suggests a descending channel formation, with notable support around the $60k mark. Analysis indicates the potential formation of a descending triangle pattern, where the lower boundary aligns with the $60k support level. By projecting the triangle's peak downward, strong support zones emerge in the range of ...
BINANCE:ETHUSD is declining following BTC on the back of the crisis in the Middle East, but the price still has not left the sideways range and even more so has not passed through the risk zones, which still leaves the coin in a favorable prospective area Ethereum is trading in a bullish plane, above the previously broken resistance of the upward range, which...
BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving. (April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?) The false break of...
As BTC trends up these past few days, it has formed this bearish ascending wedge on the 4 hour. It is something we should be tracking as we get nearer to a break down. Stew
BINANCE:BTCUSDT If Bitcoin succeeds in breaking the triangle, the price will go up to 80k, and if the triangle is unsuccessful, the price will drop to the bottom megaphone level.
Bitcoin buy position running 290 PIPS (4.5% ROI) in profit since I posted this analysis. Nice move up so far, with much more expected towards a new all time high! I will be looking to make this investment risk free within the Crypto Fund for our investors, when BTC surpasses the $70k mark again.
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and little declined, but soon BTC turned around and back to the seller zone. After this movement, the price in a short time declined from the seller zone to the support line,...
Bitcoin (BTCUSD) hit yesterday its 1D MA50 (blue trend-line) to test it as a Resistance following the bearish break-out last week but got rejected. This is a discouraging sign short-term for any bullish attempt but it very consistent with all previous bottoms since the November 21 2022 market bottom. ** The 0.382 Fibonacci ** As you can see, all major rallies...
In the previous two BTC 'halving eras': The peak occurred in the second quarter of the era The price was down roughly 59.5 and 63.0 per cent from the peak to the middle of the era* The lowest price after the peak occurred in the third quarter The third BTC halving occurred on 11 May 2020. This leaves 81 days left (not incl. today and halfway point) for the...
Not much to say here but 66400 must hold for more upside or Bitcoin heads back to 65590-69875 then 69740. If 66400 can hold look for upside to previous high 66800. If 66800 breaks with volume push to 67000 likely.
In this signal I'm going to combine two important reversals: - The daily RSI on GRT has hit oversold for the first time since September 2023. Daily oversold RSI's are amazing buying opportunities during bull-markets. - The price retested the bear-market highs of ~0.23 from back in January 2023 as support. This might be the final bearish move in the next few...
🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave...
The last two times SWB:69K -$62k supply zone proved hard to break through and the rally reversed. This time seems no different as the price got rejected 3 times and is now completing a small retest of local zone of resistance at $66k. Should the price get rejected at this resistance, Im expecting a freefall to the next support area at GETTEX:52K