Bitcoin (BTC) is currently trapped in a gradually ascending channel, constrained by a resistance level around $28,000 and an ascending support level near $26,750. The sideways price action of BTC is accompanied by decreasing trading volume and reduced volatility, underscoring the growing conflict among traders. The lack of a clear trend in Bitcoin's price has...
Over the past few years, Bitcoin has been considered the digital gold due to the similar benefits it offers as gold, with some additional features. During times of economic and political turmoil, BTC is regarded as a safe haven. In a recent YouTube video, a cryptocurrency analyst highlighted the fundamental differences between Bitcoin and Gold. Silver, he argued,...
Bitcoin (BTC) is currently on an upward trajectory, firmly holding above a crucial support level until the end of the week, as discussions about the widespread adoption of Bitcoin Exchange-Traded Funds (ETFs) continue across Crypto X. This stems from the conclusion that the US Securities and Exchange Commission (SEC) may not challenge Grayscale's recent victories...
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
Bitcoin (BTC) has recently experienced a significant price shift, dropping around 5% from its Sunday peak of $28,095 to the current $26,719 level. As the cryptocurrency market navigates these fluctuations, strategic insights become crucial in understanding the potential future movements of Bitcoin. Analyzing Price Trends: Bitcoin's current position within the...
Bitcoin's Lightning Network has witnessed a staggering growth of 1,212% in recent times, with 6.6 million transactions recorded, a substantial increase compared to the 503,000 transactions in 2021, according to separate data from the Bitcoin stream exchange (BTC). In an announcement on October 10, River's investigative analyst, Sam Wouters, explained the...
Buyers struggle to maintain Bitcoin (BTC) above $27,000 as selling pressure mounts. The increase in the September Producer Price Index by 0.5%, surpassing the expected 0.3% rise, indicates that inflation pressures are unlikely to ease hastily for the U.S. economy. Short-term uncertainty has shifted analysts' focus to November and the upcoming halving event...
Hello everyone... I have created an analysis on BTC, and you can sell it there. Always conduct your research. If you have any questions, you can write them in the comments section below, and I will answer them. And don't forget to support this idea with your likes and comments.
According to a report released by Bitfinex Alpha on Monday, the first week of October witnessed a significant surge in Bitcoin's volatility, surpassing the 200-day moving average. The report indicates that this trend mirrors historical patterns where the volatility of major ownership metrics precedes fluctuations in risk assets like Bitcoin and might persist...
October has historically proven to be a significant month for Bitcoin and the entire cryptocurrency market. Heightened focus on Bitcoin and digital currencies during this period often leads to substantial profits, offering potential gains even in relatively modest trades. However, the path to earning $20 million is far from devoid of challenges. In recent weeks,...
October has historically proven to be a significant month for Bitcoin and the overall cryptocurrency markets. The increased focus on Bitcoin and crypto trading during this month often leads to substantial gains, with the potential for significant profits in relatively minor trades. However, the path to earning $20 million is not without its challenges. In recent...
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
Hello Guys There are some notes of BTC weekly Chart: 1. We have a new ATH every 4 years ( 1428-1477 ) days.. 2. After the ATH we take about ( 52-59 ) weeks to make a new bottom then we go up a little ... 3. Every time we reach a new ATH we drop down in a same angle (-55) before the new bull run starting .... look at my chart ( Red angles and curves ...
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%
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Consolidation Phase R Channel in Short Time Frame as an Correction Fibonacci Level - 61.80% Break of Structure Strong Support Zone
Important level on the way. Obvious consolidations with easy bullish signals on 1D time frame are more likely to be a trap for hunting buyers SL. Be on guard.
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Bullish Channel in STF as an Corrective Pattern Support Level Impulse Correction Break of Structure Consolidation Phase
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Consolidation Phase Completed Impulse and Corrective Wave " ab " Divergence - RSI Break of Structure S / R Level