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...
Bitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle. There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so...
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.
Hello Traders! This is my idea for BTCUSD H4. At the moment, BTC remains in consolidation, and soon I expect a rise until the price of 44.000 which is a strong resistance level. As a target, I see the price of 48k. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
#BTC is currently trading around the $42.6k level, with the 100-day moving average (100 MA) acting as support. Breaking below this level could lead us to the $40,222 level, which is the lower support for Bitcoin. I anticipate a bounce from the same level. Keep an eye on the 100-day moving average for the next few 4-hour closes. Ensure you book profits on your...
Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line. Technically, the price...
Hello everyone. i want share my idea about Bitcoin. Bitcoin had a pretty good year, we saw bullish price action which started one year ago and it gave us price action from 16200 to 44500 which is pretty good percentage, but what we will have in 2024, in my opinion price will fall down again and here is some reasons why i think that. with technique analysis at...
Short -term vision Bitcoin seems to rise. The long -term trend is 100%increased, but we may see some obstacles in the near future. K is still my goal. This will be the strongest resistance area in front of the highest region of all time.💪 🎄🎄❤️❤️❤️🎄🎄 I wish you a peaceful Christmas 🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄🎄
Bitcoin continues its robust upward trend, recently reaching a significant milestone by exceeding 50 million unconfirmed addresses. This achievement reflects increasing user adoption and widespread acknowledgment of cryptocurrency as a legitimate asset. With an average holding of approximately $16,000 per user, the implications for future price performance are...
The impact of altcoins taking the lead over Bitcoin is not particularly positive. Bitcoin dominance represents the percentage of the total cryptocurrency market held by the world's largest digital asset. Whenever this dominance increases, altcoins tend to lose influence in the market, but the rising value of altcoins is causing Bitcoin to lose its dominance. This...
On the macroeconomic front, the influence of fundamental principles such as interest rates and inflation on Bitcoin is gradually diminishing. Other fundamental factors boosting Bitcoin prices in 2023 include the resolution of the year-long FTX lawsuit and the admission of money laundering charges by Changpeng Zhao (CZ), the CEO of rival exchange Binance. While...
Bitcoin (BTCUSD) is trading within the 0.618 - 0.786 Fibonacci retracement levels which is the last Resistance Zone before it typically attempts a test of the All Time High (ATH) on each Bull Cycle. We have seen on previous analyses how the RSI is showing that this is a possible Mid-Cycle Resistance level where pull-backs towards the 1W MA50 (blue trend-line)...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Impulse Correction in Long Time Frame, Completed Impulsive Waves " 12345 " and Corrective Waves " AB ". Symmetrical Triangle as an Correction in Short Time Frame and it has completed the Retracement for Break of Structure Entry Precaution : Wait until it Breaks UTL / LTL
The previous month proved highly favorable for BITSTAMP:BTCUSD bulls, witnessing a remarkable 25% surge in price and establishing a new local high above 44k. Following this upward move, a correction ensued, yet the price found solid support around the 40k zone. After this correction, BTCUSD's price entered a consolidation phase, and the range of this...
The U.S. stocks are making new All Time Highs (ATH), with the Dow Jones already broken it, while the Nasdaq and the S&P500 (chart on the right) are very close too, while Bitcoin (BTCUSD) is almost -40% below its own ATH (chart on the left). Why is that and is it something normal? Short answer: yes. Throughout BTC's history, it was always trailing (sometimes by an...
Trading Setup: A Trading Signal is seen in the BTCUSDT Bitcoin (Spot) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 40001.0 ⭕️SL @ 38497.0 🔵TP1 @ 45000.0 🔵TP2 @ 47300.0 🔵TP3 @ 50000.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...