Key Levels for Bitcoin, since early March BTC has been struggling to break above major resistance level at: "£57K" with 3 points of price rejection with wick contacts. £48K mark has been holding strong support for pressure for the bulls, but I still predict short term Bitcoin will try shake investors out during this halving event.
Remain positive, look for...
Bitcoin had broken a previous Support Level at: "£53K" which acted as a Resistance area back from April, 4th. As as result, this created an uptrend.
£55.6K is now acting as a strong Resistance zone from the current dump that we've just experienced. BTC bulls have managed to push the price above £54.2K, which was a key level on multiple time intervals. For this...
Bitcoin has broke a resistance from the dump we was in back from past few days. BTC bulls has managed to push the hourly candles close to above the last close from yesterday!
This is a bullish sign short term, the rate of Bitcoin (BTC) has risen by +2% over the last 24 hours.
Key Levels:
-Resistance broken at= "£53K" as show from charts
-Support created at...
April 2025 - 1 Bitcoin= £80K
October 2025 - 1 Bitcoin= £95K (ATH)
October 2026 - 1 Bitcoin= £26K
Personaly I hope BTC will reach £80K by Dec 2024. Then £111K by Oct, 2025
*July 2025 - Bitcoin expected to be in a large dip, roughly around £40K. Bullish momentum after to have a correction to the upside for the final buying pressure hiting £95K by Oct 2025. ALL...
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Hi All,
As you can see price is making HLs and we are also buying the bullish Flag on H1 and H4. We are anticipating a bullish move for the time being.
Price broke the flag from our entry, so an opportunity to retest if you are not already on the trade and then join the bullish leg.
Entry and SL marked for your ref!
Many Thanks
Simple graph showing BTCGBP at a critical point running into a major resistance level on the daily chart. Many indicators suggest that BTC is currently overbought but this yoke does have a mind of its own. Not financil advise, so its not.
We have made Bulkowski's Symmetrical Down Target, so will we follow through and make the "Absolute" target?
Bulkowski's Symmetrical Triangle :-
thepatternsite.com
Symmetrical Triangle, down breakout B - ((H - L) * 36%)
B = £22644
H = £23621
L = £21800
when you look at the difference on price action with the BTC paired with other currencies you can see that BTC Ruble isnt playing the same game. There is no resistance levels to look at where as the others all have measured moves to hit.
30k is the top of the measured move for BTC USD off that bullish descending wedge
Why is BTC/RUBLE pair trading so different than when compared to other currencies? Are they driving the market? Makes sense why there the price has stair stepped down for the last year.
I see the price dropping from here but I am going to wait for a daily candle to close above or below this triangle.
when compared to 2019 there was a "bull trap" that happened...
BINANCE:BTCGBP keeps its downtrend.
As expected, the price continued down towards a previous resistance (from 8th Sept), coincident with Fibonacci .618 before bouncing back towards the trend line.
BINANCE:BTCGBP hourly chart.
BTC uptrending between support and resistance; monitored with trend line and Fibonacci. Fibonacci level matching resistance.
Price hit resistance, performed swing high and began downtrend.
Downtrend monitored with trend line. Doji candles showing lack of strength from buyers.
BTC shorted 16885 with take profit at 16747.
BTC has created a bear flag pattern.
The rising channel has been broken and a strong bearish push has happened.
I believe we will see a bearish move downwards towards £10K/£11K.
NFA, DYOR
