Bitcoin was hovering around an elevated flatline on late Wednesday after the Securities and Exchange Commission gave the go-ahead for the first spot bitcoin exchange-traded funds (ETF) to be traded in the U.S., as expected. According to Coin Metrics, the cryptocurrency pared earlier losses and was most recently trading around $46,671. Meanwhile, the price of...
BITCOIN bullish structure. Look out for the resistance zone. Price could be rejected again here.
BINANCE:BTCUSD BTCUSD (D) appears to have a pattern of narrowing the price range. Currently, the pattern has been broken. So: Buy current price at 45450 Stop loss at 41345
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Bitcoin is preparing for a significant "Jubilee Upgrade" at block height 824,544. This upgrade briefly suspends deposit and withdrawal services for certain BRC20 tokens on January 5, 2024. The update aims to address inconsistencies in engravings on BTC denominations within the BRC-20 network. UniSat will monitor functionality, and a scheduled network update from...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Bitcoin's price continues to oscillate around the weekly supply zone midpoint of $43,860, poised for an early breakout as imminent ETF launches draw closer. The flagship cryptocurrency finds robust support from the 25-day and 50-day Exponential Moving Averages (EMAs) at $43,130 and $41,391, respectively. The upward slope of these EMAs indicates minimal resistance...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Even amidst regulatory crackdowns on cryptocurrency exchanges over the past year, Bitcoin has exhibited consistent growth throughout much of 2023, currently hovering around $43,610 - an increase of nearly $18,000 in value since September. Reaching its peak at around $68,000 in November 2021, Bitcoin faced a significant setback by November 2022, losing over 75% of...
Check out this fractal from last bull run. It's almost right on the money as far as how similar it is. Pull a fib extension from ATH to bear market low and the fractal lands right on the 1.382 at 122k. With all of the ETF news coming up I believe this is not unrealistic at all
In my opinion that was a good flush. If bulls take out yesterday's high while holding current low, price may quickly be on the way to $48,000. The game changes quickly. This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button!
Bitcoin surged past the $44,700 resistance on January 2, yet this breakthrough turned out to be a price trap as it plunged on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), showcasing robust bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways at ($42,855), while the Relative...
Bitcoin surged above the $44,700 resistance on January 2, but this breakthrough turned out to be a price trap as it sharply declined on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), indicating strong bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways ($42,855), and the...
In my opinion, there is a very good probability of the price reaching $48,000 before Monday without breaking below $40,2222. This trade idea is not financial advice. I am not a financial advisor of any kind. I am a degenerate gambler. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button and for following!
In my opinion, selling pressure has diminished and price is likely to retest the current high at $45879. I believe price will most likely reject at the current high and come back down for more chop (rangebound sideways) or more potential downside. I think it is likely that price may exceed the current high for a sweep. However, I believe a move above $46,700 is...
Bitcoin has broken Weekly Resistance at $38,000 and raced to the top of the bull channel around $42,500. Now that the move seems to have played out, what is the next trade? How do we trade this? 🤔 If you're not already in a long, Do Not Enter the market. We're too close to the bull channel resistance, we haven't tested the previous Weekly Resistance as...
In my opinion, if bulls can hold $44600, where I believe there is currently good support, they will make a move for $49,000. This trade idea is not financial advice. I am not a financial advisor of any kind. I am a degenerate gambler. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button and following!
Bitcoin surged over 6% in the first week of the new year, hitting $45,000 in 2024. This milestone holds significance for altcoins as it marks their highest level in 21 months. The last time BTC reached this level was in April 2022, during a bearish market peak that halted its ascent at $18,200. Despite the recovery, Bitcoin hasn't breached the $45,259 resistance....