Bitcoin (BTC) price is surging, gaining momentum after breaking through key weekly resistance. This increase has witnessed the leading cryptocurrency breaching crucial resistance barriers to set its sights on a high price target of $35,000. Bitcoin's price is on the verge of testing the $35,000 mark.
BTC recorded a 17% increase in 24 hours, reaching a daily high...
The impact of the Federal Reserve's decisions on maintaining or reducing interest rates significantly influences the pricing of Gold and Bitcoin. While low-interest rates are generally favorable for Gold as they reduce the opportunity cost of holding the precious metal, Bitcoin's price reactions depend on various factors.
If the Fed's monetary policy responds...
Hey Folks
I used two best methods for Bitcoins Prediction
Method 1
I used harmonic pattern on Bitcoin
Which have two situations it could be Simple Shark 🦈 which is end at 0.886 fib ratio or it could be ALT Shark 🦈 which ends at 1.13
Second Method is I used Wyckoff method and I tried my best for it because it's a bit difficult pattern to analyze but anyway I...
The Bitcoin/Gold ratio continues to decline. This ratio, indicating how much gold is needed to buy one Bitcoin, has experienced a significant drop over the past two years. In November 2021, the ratio stood at 35, but by 2023, it had decreased to 15. According to Longtermtrends' calculations, in January 2022, this ratio narrowed from 24 to 9 by the end of the year...
Bitcoin, trading at $28,538 at the time of writing, grabbed headlines on Monday due to a spike caused by fake reports. The cryptocurrency surged over 10% before dropping to $28,500, triggering a $86 million short-selling liquidation. Despite the truth emerging, the ETF saga continues. The Securities and Exchange Commission (SEC) is set to announce its decision...
BTC - BITCOIN LEGACY - the big dog
took a look at this beast on the monthly; going to keep an eye on this one as we go forward as a zoom out reference.
its all there on the chart, two obvious comparison periods. now check the momentum levels. tbf we have macro disasters left right and center, so these levels make sense.
maybe a good long term map here;
im...
"For the bullish scenario to unfold, BTC must overcome the $27.3k resistance threshold."
This is what I said in my previous BTC update. Now, here we are, BTC broke and closed above the $27.3k resistance which is a good sign. This doesn't mean that it'll start pumping and rallying from this price point. The current scenario shows a retest phase where BTC might...
Bitcoin's price surged by 10% in the early hours of New York trading after news broke that the U.S. SEC had approved the iShares Spot BTC ETF. However, this uptick was short-lived due to the confirmation that the news was false.
Long-time traders who had opened short positions faced significant losses, with nearly $80 million in short positions liquidated,...
In recent developments, the cryptocurrency market, particularly Bitcoin, has been influenced by a combination of regulatory and community-driven events. Notably, the SEC's decision not to contest the court ruling favoring Grayscale Investments and their Bitcoin ETF plans has generated a sense of optimism among investors. This move is perceived as a potential step...
Expecting a fall of around 17% towards 22000 level as per the WXY correction after which a massive 120% rally will happen towards 49000 level.
This 17% fall will sweep the liquidity to fuel the upside move and is highly likely to happen.
This is in correlation to Crypto Total Market Cap which is linked below.
Good to look for investment opportunities during this...
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bearish Channel in Long Time Frame and Rejection from the Lower Trend Line and making Consolidation Phase in Short Time Frame if it Breaks Upper Trend Line then it can Reach its Previous Support or Upper Trend Line of Channel
Entry Precautions :
Wait until it Breaks UTL or LTL
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase in Long Time Frame as an Corrective Pattern. It has completed " AB " Corrective Wave in a Corrective Pattern " Bullish Channel " if it Breaks Previous Resistance or Upper Trend Line then it will Complete its Impulsive Move
I did a series of similar posts on SPX predicting its paths, and they have played out beautifully.
Let's see what BTC is up to.
We must look at a lot of things when guessing the direction of any asset, like looking at DXY, yields and traditional markets, but in this post, I will ignore all that, look at BTC purely based on its market structure.
On larger...
Technical analyses sometimes are very strict. BTC $25k is still in action ?!
Please do not pay attention to this post. (I just looking for a new support to add position) :)))
Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Bullish Channel in Long Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement but Failed to Break the Previous Strong Support , If Reject then it will fall from Fibonacci Level - 61.80%
