The imminent approval of Bitcoin exchange-traded funds (ETFs) signals a potential resurgence for digital assets, attracting institutional and retail investors alike. The U.S. SEC is expected to greenlight ETFs by mid-January, opening the door for influential players like BlackRock and Fidelity to allocate a portion of their portfolios to cryptocurrencies. This...
Navigating the intricate landscape of blockchain technology and cryptocurrencies, roundtable host Rob Nelson engaged in a insightful conversation with Lule Demmissie, CEO of eToro USA. Their discussion delved deep into the future of digital assets and the evolving trends in cryptocurrency finance. Demmissie outlined how eToro users can trade not only bitcoin but...
In my opinion we can see the big guys left their footrpints in shape of secondry test which plays a major roll in Wyckoff Accumulation Method I am not sure yet because of there are diffrent typs of Wyckoff Accumulation and Distribution so cant ruled it out which one is going to playout but the best method is wait and watch either we could find support at 15500$...
Hello traders, I hope you guys are doing well with your trades. BTC has made a sudden change in the recent price action but this was something that I already talked about in my previous analysis. After a good 7.5% gain from the lower support, BTC failed to break above the $37.9k resistance. It got rejected all the way to $36.4k where we have the 21 MA ($36.5k)...
Bitcoin's price is trending upward, attempting to recover recent losses that wiped out $90 million in open interest from the market. With the 25-day Exponential Moving Average (EMA) hovering at $34,572, BTC is striving to reclaim territory above the crucial resistance level at $36,788. To confirm an upward move, investors should monitor Bitcoin's price breaking...
Bitcoin witnessed a nearly 5% decline on Tuesday, dropping to $35,500 as the cryptocurrency market grows apprehensive ahead of November 17. This downturn resulted in the liquidation of 119,246 million dollars in long positions, erasing $90 million in open interest for BTC. Alternative currencies also faced liquidation, totaling $194.57 million, under substantial...
Bitcoin experienced a surge to nearly $38,000 last week, marking its first such peak since May 2022. However, the cryptocurrency faced a retreat, sliding to $36,880 as traders awaited the release of Consumer Price Index (CPI) data on Tuesday. The overall CPI, a closely watched inflation indicator tied to changes in the cost of living, is expected to show a 0.1%...
Bitcoin has experienced a notable recovery over the past few months, surging from $25,000 to $38,000 in less than two months. The potential for further upward movement is anticipated in the coming days and weeks until it reaches the key resistance level of $40,000. The strategy involves waiting for the price to close above the minor resistance level of $3,718.5,...
On Thursday, November 9, the world's leading cryptocurrency, Bitcoin, rapidly surged above $37,000, approaching the $38,000 mark, marking its first such increase in 18 months. The remarkable 5.69% growth in less than a day (adding $2,000 to its price) is attributed to analysts at Bloomberg anticipating that the U.S. regulatory agency, the SEC, will face a "short...
On Thursday, Bitcoin prices experienced a sharp rally, reaching a new 18-month high of around $17,999 before returning to $36,419. BTC/USD continues to trade within the confines of an upward channel on the 60-minute chart. The price of the leading cryptocurrency is currently trading above several levels of the 100-hour moving average. As a result, Bitcoin has...
Hello Traders, BTC has experienced some recent volatile movements, causing concern among many in the trading community. In this update, I'll provide an analysis of the possible BTC scenarios. 1. The breakout above the resistance trendline, marked by a substantial green candle, appeared unsettling. This was followed by a significant red candle, as illustrated in...
Bitcoin, after hovering below $30,000 for over two months, has experienced a substantial 30% surge in the past two weeks. This impressive rally propelled the world's largest cryptocurrency to nearly $34,700, a level unseen since May 2022. As of the current update, Bitcoin is valued at $35,787, marking a significant increase since mid-October when it was trading...
Bitcoin's price hovers above the crucial support level of $33,901, sending mixed signals at the moment. Despite the overall consensus following a 35% surge over the past two months that BTC might experience sideways movement or corrections as the market cools down, optimism remains high. This optimism is grounded in the potential approval of a Bitcoin ETF. This...
BTC Update: BTC is not giving up so easily. It is still trying to pressurize the resistance and break above it. This scenario creates possible chances for BTC to break above the trendline and set a new target close to maybe $37k. According to the chart, a rejection toward $33.5k was something that I expected and I still am gonna stick to it unless BTC breaks the...
The approach of Bitcoin toward the $35,000 mark has stirred optimism among investors, with recent surges delivering substantial profits. While many are eager to jump in, some analysts suggest stepping back and waiting until mid-December. Bitcoin has witnessed a remarkable 35% price increase over the past six weeks, trading at $34,747 at the time of writing. This...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Consolidation Phase as an Corrective Pattern in Long Time Frame. Completed " ABCD " Corrective Waves. It will Reject from the Lower Trend Line of the Corrective Pattern " Symmetrical Triangle " in Short Time Frame or from LTL of Consolidation Entry Precaution : Wait until it gives Strong Bullish Price Action Rejection
Bitcoin's price has surged, reaching a 17-month high of over $35,200. This rapid increase of nearly $5,000 in just one day has pushed the total cryptocurrency market value beyond $1.24 trillion. As predictions about a Bitcoin ETF continue to rise, trading volume is nearing the $100 billion mark. Despite the upward trend, warnings about potential risks associated...