BTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak...
Price is in a reaccumulation period in wave 4 of wave (5). It seems to be a huge expanding flat pattern which is not done yet. Expect some swift moves to the up and down once last panic leg is done a huge move on a very high momentum towards $100k will ensue.
#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is currently trading around the support zone, and the support is holding strong. According to Scenario 1, I expect the price to bounce back from this support zone. + Scenario 2: If BTC loses this support, the next support is around 60K. If BTC reaches this...
All details are drawn on the chart. Basically BTC is in a huge bull market with a clear imbalance of demand and supply. There was 3-month long reaccumulation period at all time high of $69500 with all outstanding supply bought up. Price is gonna shoot up to $112k at minimum very swiftly.
BINANCE:BTCUSDT (4H CHART) Technical Analysis Update BTC is currently trading at $69595 and price recently had a sudden crash. currently the price is around the support zone and we are expecting a sudden bounce back from this support line. There is a strong resistance line around 71K-72K range and we will exit the trade at this range. We will have a new long...
many htf levels and orderblocks linger in the 58-62k zone we have a defined range high which has not been broken on this attempt it seems likely we put in the next shoulder near the range low next
BTC dominance is currently around its resistance line on 4H timeframe and it recently bounced back from the support level. if btc breaks this resistance level we can expect the btc price to pump and ALTs to bleed. im expecting the dominance to get rejected from the resistance level and hit the support again. Lets wait and see
BINANCE:BTCUSDT (4H CHART) Technical Analysis Update BTC is currently trading at $63394 and price has retested after breaking out from the channel. If this retest holds then we can expect the price to continue in bullish direction. We are confident the price will hold and bounce back successfully after the retest and this gives us a good opportunity for a long...
- crypto hype at its peak (euphoria) - F&G index in extreme greed - new ATH announced in mainstream media - too many winners in the market for months - vertical price rise since 40K - momentum indicators in overbought zone for weeks - several bearish divergences in TF4h - downward trend in recent days - the price action has broken its bullish oblique - the renewed...
As I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and...
3.125 from 6.25. We did not get the anticipated pre run I thought we would get. Although the start of the bull market from 20k - 64k has been good enough to accept. We are now entering the final stages of the 731 cycle that can push Bitcoin to a price of 500k-2M USD The halving drops at the perfect time where we have little days left to complete the 731...
#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K. + It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the...
#BTC/USDT #Analysis Description --------------------------------------------------------------- + BTC has experienced a significant correction from the 70k range. + Currently, the price is within its well-tested support range around 60K-63K. This support range has been tested three times, with each instance resulting in a successful rebound to its local high. + I...
Start of the bull cycle a new model comes out from "experts" who haven't been here for long. Power Law Model promoting a top of $230,000 is exactly at the point where my research shows retail will capitulate / sell trying to find a top that fuels a rebuy mania. There is no "Power Law" in Bitcoin, the slowed "diminishing returns" is due to the fact BTC has had...
During public euphoria, bitcoin needs a sustainable high to maintain it's trend.
As you can see in the chart BTC is currently forming a channel pattern and price is currently bouncing back from the support line. We can expect the price bounce back to continue till 66-67K range and then we can expect the reversal. This reversal can continue until the support rang of 60K for BTC. Let's see how it plays out. Stay tuned for more...
Unlike the previous cycle, I expect a new bullish cycle with a single peak. This is the result of a predictive model that I have been using successfully for several months (see my previous analyzes in TradingView).
#BITCOIN Rising Wedge in Weekly RSI Chart If Break down Then Ready for $45,000 Level. Keep an eye on CRYPTOCAP:BTC Move