Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough back the ground lost following the Terra (UST) and FTX crashes of the preceding year. The trajectory took shape in spite of it being an eventful year, with BTC riding the wave of macroeconomic as well as industry-related developments.
In my opinion, there is a strong probability that the first three months of the year 2024 will be relatively bearish. In such a scenario, I believe there is a strong probability that the price of Bitcoin taps $12,500 if not lower. Odds are greater if price fails to even touch $48,149. This trade idea is not financial advice. I am not a financial advisor of any...
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...
In my opinion, failure to clear above the current high daily high of $44729 may result in a dump down to $37,000. Friday will be a pivotal day, in my opinion. I am not seeing the momentum I expected. 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...
Consolidating inside the range 40.7k support to 45.5k resistance locally. Waiting to breakout either one. 48k bullish target. Purple EMA for managing risk at 38k.
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...
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.
Daddy 200 SMA saving the day so far on a 4-hour chart. The price is back into the channel. The news is just a speculation by a media firm, nothing solid. The focus remains awaiting approval from #SEC on #BitcoinETF Technical Invalidation:- Losing the $40200 What do you think? Do you think Bitcoin will dump further? Do share your views in the comment...
In my opinion, failure to clear above the current high + break below $44600 would likely result in a dip down to $40,000. 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....
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...
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 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...
A possible short trade idea for bitcoin dollar. Price has grabbed the liquidity from inducement zone and now reacting at its supply zone. Price may drop from this supply zone. Take good care of your stop losses. Happy Trading
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 count is based on my assumptions so anything can happen not a trading or financial advice.