Key Levels for Bitcoin, since early March BTC has been struggling to break above major resistance level at: "£57K" with 3 points of price rejection with wick contacts. £48K mark has been holding strong support for pressure for the bulls, but I still predict short term Bitcoin will try shake investors out during this halving event.
Remain positive, look for...
Bitcoin had broken a previous Support Level at: "£53K" which acted as a Resistance area back from April, 4th. As as result, this created an uptrend.
£55.6K is now acting as a strong Resistance zone from the current dump that we've just experienced. BTC bulls have managed to push the price above £54.2K, which was a key level on multiple time intervals. For this...
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Bitcoin has broke a resistance from the dump we was in back from past few days. BTC bulls has managed to push the hourly candles close to above the last close from yesterday!
This is a bullish sign short term, the rate of Bitcoin (BTC) has risen by +2% over the last 24 hours.
Key Levels:
-Resistance broken at= "£53K" as show from charts
-Support created at...
Friends, Bitcoin also seems to be supported and can have a good rise.
I specified the targets based on the harmonic pattern. The first and second targets have hit the upside and we are waiting for the third and fourth targets.
Good luck
Karim Heydari
Financial market expert and analyst and member of the faculty of computer engineering department
Friends, if we want to analyze the divergence of Bitcoin in the daily time frame, we had a descending divergence in the ceiling, which was corrected, and we have an ascending divergence in the bottom, where we see the rise of Bitcoin. So, the last divergence in the floor has happened.
Bitcoin had a massive rebound (almost 50%) following the failures of Silvergate, Signature, and Silicon Valley Bank. It's hard to believe given the lack of financial stability of some banks and the uncertainty in the markets that BTC would have such a big jump within a week, but technically speaking this move is very bullish. Considering this, I could see BTC...
Bitcoin technical analysis:
The first target of bitcoin is determined according to the harmonic pattern, but it is currently involved in the barrier of $27,750, after crossing it, we are waiting for the first target of $30,950.
Bitcoin technical analysis:
Due to the fact that the price of Bitcoin is in the low area of the harmonic trigger, we expect the price to reach the specified downward targets.
This is the second bullish fed announcement we have received within a week and yet, the price is exactly where it was before the first announcement. Having consolidated above $22k for almost 3 weeks now, I would have expected us to be much higher than exactly where we started. To make matters worse, you can see where the price action has not broken out of the blue...
I'm watching the market cautiously at the moment. BTC is up almost 50% since its last low in December without even a 6% correction. We have had 5 consecutive higher highs, but the MACD has conversely made all consecutive lower highs. Taking a look a previous times this has happened in 2022, we had precipitous drops. Volume is also decreasing despite making higher...
Be careful, there’s a big 1500 CME gap to fill this week. If we drop down and fill it then start to climb again with in 3 days that’s good news!
If we close and keep dropping it’s been a massive short squeeze
