CRYPTOCAP:BTC #BTC on $45,622 support. Previous daily closed good beating bears and FUD as the ETF approval news was cleared, $47,232 key resistance to watch here, $44,860 current key support, watch given key resistance areas and support. RSI on 1d and 4h looking good.
CRYPTOCAP:BTC #BTC $46,623 support in effect, $47,232 resistance holding. Previous 4h closed very good, current 1D looking good, if followed thru on previous daily close expect $47,786-$48,080 test, Bitcoin ETF hype already pretty visible throughout the market, Jan 10 deadline approaching shortly. Next key resistances $48,644, $49,734, $50,579, $51,630, $52,932.
CRYPTOCAP:BTC #BTC FUD dump followed by negative ETF rumors, trying to regain $43,145, $42,618 current support. Bearish engulfing on previous daily close but should be able to avoid following it up, $44,174 support needed to reattempt $45,622.
CRYPTOCAP:BTC #BTC $41,577 support testing, broke $42,070 support, previous 4h closed bearish, RSI on 4H almost in oversold regions, $40,583 next key support which could be tested for 3rd time since Dec 11, Previous 1D close looks fine, $43,145 will resist.
BTCUSDT can go anyway so take this and plan yourself accordingly Looking forward to a more bearish move that could later follow up with a more buying pressure on 2024 Check this analysis out.
CRYPTOCAP:BTC #BTC Given key support at $42,070 tested as expected and held, regained $43,145 support and testing support as of now, RSI on 4H and 1D looking fine, previous daily closed good regaining $43,145, $43,868-$44,174 continues to resist, watch given S/R
CRYPTOCAP:BTC #BTC moving in tight range $44,174-$43,522, bearish engulfing forming on 4h currently, $43,145 support could test. RSI on 1D and 4H looking good, 3rd weekly close approaching with $43,868 resistance. Watch given S/R
CRYPTOCAP:BTC #BTC $42,070 support in effect, current daily with potential to put bullish engulfing on. Eying $43,145 test. RSI looking good, Low on volume as of now, Green days ahead 🤩🤩! $40,583 key support, $44,174 and $44,860 key resistance areas.
CRYPTOCAP:BTC CRYPTOCAP:BTC Descending Triangle forming on 1D and 4H, let's see in what direction this breaks, $40,583 support in effect followed by a bearish engulfing on 4H, if 4h shoots closing above $42,070 the Descending Triangle will break bullish, previous daily close with bearish engulfing
CRYPTOCAP:BTC #BTC $42,070 resisted and $43,145 resisting as expected, $42,070 current support, RSI on 4h and 1d looks fine, Previous daily close bullish, $44,174 retest likely then $44,860 key resistance to break, Continue watching given S/R
CRYPTOCAP:BTC #BTC current daily and 4h candle not looking good as of now as a bearish engulfing forms, $40,583 support testing, avoided bearish engulfing follow up yesterday with previous daily closing above current support. Watch given S/R
CRYPTOCAP:BTC #BTC dropped to $40,583 support Currently struggling at $41,577 support area. $43,145 support required to reattempt at $44,174 resistance. Bearish engulfing on last daily close, should avoid follow up today. Current key support $39,458, expect resistance at $42,070 & $43,145
We have published quite a handful of Bitcoin (BTCUSD) analyses that compare in detail the current Cycle with that of 2014 - 2017. A representative sample of such study is the one below that we made on July 31: People were still in denial that BTC would extend the recover that started after the FTX crash but we analyzed in detail why we thought that was the...
CRYPTOCAP:BTC #BTC as expected $43,145 support good, $43,868-$44,174 resistance range holding strong, RSI on 4h looking good, weak volume in last 12 hours, gaining $44,174 support will help reattempt at $44,860 resistance , $45,622-$45,876 next resistance range to watch the $46,623.
In continuation of our recent analysis , we meticulously conducted a comprehensive examination of BITSTAMP:BTCUSD price action. Employing a multifaceted approach, we synthesized various data inputs and discerned nuanced market conditions. Our analysis delved into the historical 4-hour timeframe, specifically referencing November 4th, 2015. It is essential...
Monthly Liquidity Level (MLL) : BTCUSD is currently approaching a critical Monthly Liquidity level at 39965, historically significant for its role as support or resistance. Anticipated Increase : An expected 5.6% surge within one candle is predicted. This surge is considered a precursor to the initiation of a long-awaited Bull Cycle. Long-Term Target: The...
CRYPTOCAP:BTC #BTC Beautiful test through $38,509 resistance here, currently testing $38,768 resistance, $38,509-$38,768 resistance range still holding, support tested upon break at $38,008, current support $38,008. Eyeing $39,458 resistance, Bullish engulfing on previous 1d close
MIL:BTC #BTC $37,499 support in effect, two attempts on $38,509, current 4h not looking good - must avoid bearish engulfing, last 1D closed bearish, $38,768 support will allow $39,458 test - next key resistance.