Bitcoin's price is hovering at a critical level, and the potential for a deeper bearish move looms large. Historically, when Bitcoin dips below key support levels (56999 and 49999), it can trigger algorithmic trading bots to initiate aggressive sell-offs, accelerating price declines faster than manual traders can react. This phenomenon has occurred in previous...
BINANCE:BTCUSD (1H CHART) Technical Analysis Update
BTC is currently trading at $58593 and currently trading at the support zone. Looks like price is consolidating around 58K range. A break out or break down from this consolidation will result in price reaching the next target.
- If price breaks down then the next support for bitcoin is around 55K range.
-...
BINANCE:BTCUSDT (1D CHART) Technical Analysis Update
- BTC is currently trading at $61,400 and is showing an overall bullish sentiment.
- From a MACD perspective, a bullish crossover appears to be imminent, signaling continued bullish momentum for Bitcoin.
- The MACD crossover is observed on the daily chart following the recent correction due to recession fears....
#BTC/USDT #Analysis
Description
---------------------------------------------------------------
+ It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate.
+ As the downtrend continues to...
Here are 2 significant demand zones on Bitcoin to pay close attention to.
Zone 1: 46600 - 50000 area
This structure is based on an important psychological level 50000
and 2 historical key levels.
Zones 2: 38500 - 41300 area
This structure is based on multiple historic levels
that the price respected in December last year.
Probabilities are high that the...
---------------------------------------------------------------
Description
---------------------------------------------------------------
The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the...
Dear Traders, today I want to provide you with a trading analysis of Bitcoin's recent decline from $70,000 to $66,000, we will utilize several technical analysis tools, including Fibonacci retracement levels, Bollinger Bands, Ichimoku Cloud, Exponential Moving Averages (EMAs), and other moving averages. This analysis will explore key price movements, support and...
We don't see a drop in Bitcoin .
There is no money or investment that falls forever.
Unless Of course the system crashes.
I do not give investment advice.
As soon as it breaks 28800, they will try to blow up all the crypto.
Stop-Sell = 27999 Don't worry, sell it.
Supported.
33000 (buy %5)
31900 (buy %5)
31000 (Buy %10)
30200 - (Buy %15)
29400 (Buy...
The fall of Bitcoin Continues.
Here are important support clusters to watch on a daily time frame.
Support 1: 52300 - 53070 area
Support 2: 47000 - 50700 area
Support 3: 43300 - 43900 area
Support 4: 41650 - 42500 area
Support 5: 37800 - 39400 area
These structures may provide the reversal points.
Watch carefully the reaction of the market to the underlined...
Since the beginning of June, Bitcoin is not in a good shape.
The market is trading in a minor bearish trend and formed
a falling expanding wedge pattern.
The test of a huge confluence zone based on a trend line of the wedge
and a horizontal demand zone triggered a strong rejection.
For now, the market is accumulating within a narrow range.
I believe that a...
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
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.
The scenario of Bitcoin's movement doesn't change; I'm still bullish in the same way. Despite the local correction.
Many people may think that we are in the zone of the previous high, forming a reversal formation and will correct up to 50k - I frankly doubt it - although this is a crypto market, and everything is possible.
The scenario of pre-long-term...
I see 2 strong bearish patterns on Bitcoin chart on a daily.
The price broke and closed below a support line of a wide horizontal range.
Within the range, the market also formed an inverted cup & handle formation.
Its neckline was also broken.
These bearish signals make me think that BTC may easily drop lower.
Closest support - 53200
❤️Please, support my...
- 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...
![BTCUSDT: [Bitcoin] next steps (update)](https://s3.tradingview.com/m/M8929nfR_mid.png "[Bitcoin] next steps (update)")
![BTCUSDT: [Bitcoin] Warning](https://s3.tradingview.com/d/djkvsHvZ_mid.png "[Bitcoin] Warning")