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....
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 (BTC) is on an upward trend, surpassing the weekly supply zone midpoint, signaling a possible continuation. However, recent remarks by CNBC's Jim Cramer added confusion. The market anticipates SEC approval, hinted by a Reuters report between January 2nd and 3rd. This, coupled with FOMO and speculative trading, boosted BTC by 7% on January 7th, breaking...
Bitcoin just broke the key resistance level of the mid 44k's establishing a new high of 21 month since April 2022. The red circles on the chart indicate key breakout levels. 1) June 2023 the price rose above 26,800 with a daily candle close. 2) October 2023 the price rose above 31,400 with a daily candle close. 3) Jan 2024 the price rose above 44,700 with a...
As of now, Bitcoin trades at $42,376 on Binance, maintaining its position above $42,000 into 2024 despite signals of price dips in on-chain data. Recent data shows profit-taking by BTC traders from October to December 31, alongside a surge in BTC supply on exchanges by year-end. Despite mounting selling pressures, Bitcoin remains steady above $42,000 as of January...
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 steady climb since early November peaked on December 4th, breaking through the weekly supply zone from $40,387 to $46,999. The pivotal point at $43,860 signals the need for a breakthrough to sustain the upward trend. However, technical indicators suggest a possible opportunity for investors to wait for a dip before buying, anticipating a 2024 price...
Bitcoin's price gains support from evolving central bank policies globally, particularly the US hinting at looser monetary policies in 2024. Short-term price dips may present buying opportunities. Potential support lies around $40,000, with $38,000 as an additional level in case of a substantial downturn. Resistance is projected at $45,000, targeting $47,500...
This is an update to my previous trade idea. As I believed could happen, price seems to have found support @ $42,200. I believe it will now gear up for a bounce that retests the current monthly high at $44398, easily putting $45,000 in sight. A move above this resistance zone would be to the $47,000 - $50,000 region. It may take several days or more to play out....
As a part of Messari's 2024 Cryptocurrency Thesis, the platform highlights the growth and impact of BRC-20, Ordinals, and Inscriptions. These new transaction forms, along with Tem and Runes, have surged this year, flooding the Bitcoin mempool and causing a notable spike in transaction fees. According to the thesis, engravings alone accounted for approximately 21%...
Bitcoin's price has initiated a renewed uptrend, reaching bidding levels around $41,500. BTC has formed a price base and recently embarked on a new upward movement from the low of $41,637. There is steady upward momentum around the resistance zone of $42,500.
Watch this t.a play out. 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
In my opinion if price can gain support here and clear above $43,000, it will likely retest the high, before continuing to $47,500. 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,