Our beloved cryptocurrency, Bitcoin (BTC), is currently testing a significant resistance level at $34,800. This is a crucial moment that could potentially pave the way for a powerful bullish rally, and I believe it's time for us to jump on board and seize this opportunity!
The recent price action of BTC has been nothing short of exhilarating, with the...
Bitcoin is interacting with the key
50% drawdown from the ATH level
As i showed a couple days ago this is a major launchpad for the previous bull markets.
Currently in a #HVF targeting a breakout to close to FWB:36K
Bitcoin (BTC) price has maintained an uptrend since early 2023. Although the bulls fumbled in September, they are back on track. While a further ascent is likely, BTC needs tailwinds, which may or may not come in the form of an ETF approval. On the contrary, the recent rally seems toppy and is likely to trigger a correction
Bitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven...
While Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset.
Currently, the weekly RSI for BTC has reached 70, a level that historically...
Bitcoin has experienced a significant surge in both institutional and retail investor activity, stabilizing around $34,000 after reaching its highest value since May 2022, surpassing $35,000. This marks a substantial 107% increase since the beginning of the year, driven by anticipations regarding the launch of exchange-traded funds (ETFs) and rising safe-haven...
Furthermore, many altcoins are following BTC according to data provider ByteTree’s Market Width Index. This indicator measures the number of digital assets increasing compared to the decreasing number of coins.
Powered by CryptoCompare, the Market Width Index collects real-time data for over 5,300 digital currencies and categorizes tokens according to their...
BTC is showing wedges galore, and it's a strong bullish signal we simply cannot overlook!
As seasoned traders, we understand the significance of recognizing patterns and signals that can potentially guide our trading decisions. Wedge patterns have long been regarded as powerful indicators of future price movements, and the current scenario in the BTC market is...
It's quite a scenario to imagine, isn't it? 🐻
#Bitcoin seems to be showing signs similar to the 'Bull Trap' pattern we observed in late 2019/early 2020 🧐
👉 It's broken past the Echo Bubble Support line, deceived bears beneath the EMA50, and surged back to the former Support line, which now acts as Resistance.
The unique aspect this time is that we're witnessing...
Last week, Bitcoin transactions exceeding $100k, often associated with 'big' investors, reached a year-to-date high of 23,400. According to data from IntoTheBlock, this increased activity coincides with Blackrock (NYSE:{13078|BLK}}) filing for an ETF and is said to have increased interest in Bitcoin among large and small investors. organizations.
The U.S....
Technical Analysis: Micro Outlook for Bitcoin
Since testing the $33,901 support level, Bitcoin seeks to maintain its upward momentum, supported by the price trends surrounding spot BTC ETFs. While the next major ETF news may take some time, Bitcoin faces decisions from the US Federal Reserve regarding interest rates and the release of non-farm payroll data in the...
Polkadot (DOT) has taken another exciting step into its ecosystem by going live with Staking Dashboard 1.1.
This upgrade was introduced by Ross Bulat, an engineer at Parity Technologies responsible for developing Polkadot. According to him, the new staking dashboard will give Polkadot stakers a more intuitive report on what is happening in the ecosystem.
I couldn't contain my enthusiasm as I witnessed Bitcoin (BTC) making a remarkable breakthrough, smashing through resistance levels not seen since 2018. It's time to celebrate and seize this golden opportunity!
The recent surge in BTC's value has left many traders astounded and filled with optimism. With its strong upward momentum, BTC has demonstrated its...
The 7-day streak of price increases came to a halt following a decrease yesterday. However, it's worth noting that yesterday's downward movement, represented by the D1 bar, exhibited a narrow range and a minimal lower shadow, indicating that the selling pressure lacked significant strength.
Moreover, there are ongoing signs of excess, particularly in the form of...
In this video, we conduct a comprehensive analysis of BTC (Bitcoin), examining the unmistakable bullish trajectory it has exhibited on higher time frames. At present, Bitcoin has ascended to a pivotal monthly and weekly resistance level. Our analysis encompasses a meticulous review of the chart, where we scrutinize essential elements of technical analysis,...
