Bitcoin & crypto have been flying in the wake of semiconductor strength & the approaching halving. As crypto has entered the stratosphere, and BTC at double top are we likely going to see some profit taking? Double tops typically act as strong resistance, especially since there's been minimal consolidation leading into the move.
Target Price#1 -> 43KRW Target Price#2 -> 130KRW Target Day 2024/03/31
Fed has unleashed the beast. Expecting 28k, possibly more depending on the macro environment, which looks good for the near future. Let's go, bulls
Traders, Just a quick note to keep you abreast on my still bullish Bitcoin bias. As you know, previously, I had thought that we might get a pullback to 48k before continuation to our inverse H&S target of 80k. But that was only if we could not close above our multi-year support/resistance from 2019. The bulls pushed right through that, a feat that is rarely...
Bitcoin Long-Term Analysis: The chart illustrates Bitcoin's (BTC) monthly price action within an ascending channel since 2017. The red vertical lines indicate instances when the monthly RSI entered the overbought zone, historically coinciding with mid-bull market phases. At $75,000, BTC will encounter the channel's midline . A breakout and consolidation above...
Hello everyone, let's look at the 1H BTC to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $69,694 T2 = $69,974 AND T3 = $70,333 Now let's move on to the stop-loss in case of further market declines: SL1 = $69,278 SL2 = $69,014 AND SL3 = $68,554 Looking...
well I want to describe it what will happen to the BTC in next few months, very simple just follow the most obvious signs in the market .just hold the Bitcoin and sell it around 100 if you'd like to take a risk of trading Bitcoin.
after 2 test of ath and make a weak ath after 1 week we can see weekness of bullish trend i'm going to sell the high to the first level on near 52000$
As Bitcoin approaches the formidable $69,000 threshold , the all-time high acts as a static resistance level, a summit that bulls have yet to conquer. The chart illustrates this pivotal point with a thick red line, representing a ceiling that Bitcoin has tested but not breached. The tapestry of red and blue trend lines crisscrossing below the ATH serves as a...
Bitcoin is currently trading at $62,600, showing resilience with a moderate increase of 0.71% from the opening price. This uptrend is supported by a positive change from the previous day, reflected in the trading volume of 3.767K BTC. The market appears to be in a bullish phase, as suggested by the day-over-day increase, indicating sustained buyer interest. ...
Bitcoin is presently trading around its previous resistance level and has already surpassed its previous all-time high. This consolidation around the resistance zone is crucial for Bitcoin to gather enough energy to break out from the resistance. Once the price breaks out, I expect it to easily reach $75,000, then retrace back to support (the previous resistance...
Based on 1-hour analysis, the price appears primed for a short position. Upon breaking the internal structure to the downside, I anticipate a move upwards to sweep liquidity at the level of 69657.03. However, if the price fails to ascend beyond this level and instead establishes a new low, it will likely necessitate another liquidity sweep. In such a scenario, I...
After 1.5 years of straight selling, GMT has finally confirmed a change of the long-term trend. In my eyes, GMT is one of the better undervalued tokens on the market right now. It saw a huge move back in 2022, but lost around 95% of its value at some point. Relatively new token, so a lot of potential upside. Stop under the weekly swing low, target at the all-time high.
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago entered to upward channel, where it at once rebounded from the support line and rose to the 59000 support level, which coincided with the buyer zone. In a short time later BTC broke the 59000 level and made a retest, after which it continued...
Before significant interest rate hikes, I have claimed that Bitcoin is decoupling from the rest economy (which probably happened). However, the effect of rising interest rates still had some power over the Bitcoin in the tank. It seems that this power of raising interest rates is diminishing for Bitcoin relative to the rest of the economy which will probably...
It is possible that BTC will go to 20 000 and maybe even below that, but chasing the bottom is not the smartest idea. This is the opportunity that we've been waiting for. Everyone wanted to buy BTC if only it was a little cheaper. Well, now it is, but everyone is scared :) The wise words of Peter Lynch are that NOBODY can predict the bottom, and nobody can...
This is simply ballistic. The major resistance before this move to all time high was 50k-52k region. The price shied away just a bit there before breaking that level and moving up.This itself tells the story of the strength of the moves in the past couple of weeks. The only resistance, which was left, was a weekly resistance at WR1 level but at those levels, its...
Once again this year, pros has done a good job, but its growth is probably just beginning. During the market pullback, the zone that remained without a retest was successfully tested, against the background of the news about the addition of a token to the margin in January, which created a very good entry point for the continuation of the medium-term trend. As I...