As we said in previous analysis too now 64K is also a strong resistance for bitcoin and the price started to see some correction from that resistance zone now we can expect more fall here to the supports that mentioned on the chart or again retesting this resistance level on 64K and double top and heavy fall after that.
Notice: any breakout of resistances here...
As we can see price is forming a strong reversal pattern and if this pattern gets completed we can expect a huge dump for Bitcoin.
Only after breaking the neckline that is 60K support price can fall hard else if these local supports here remains valid we can expect blue range zone and some more range here.
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BTC broke the resistance level and is currently retesting the important support area around 60k to 62k.
I expect BTC to bounce from here and rally all...
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#BTC has pulled back from the major 4H's support zone and now it's moving above the breaker line.
It's formed a bullish order block on 2H's chart below the breaker line and it just...
Bitcoin (BTC/USD) awaited fresh market sentiment early in the Asian session as the pair traded as high as the 63126.16 level during the European session after trading as low as the 62183.72 level during the Asian session. Traders lifted BTC/USD as high as the 63726.58 area during yesterday’s North American session, representing a test of the 38.2% retracement of...
In 4H Time Frame, as I said, the second scenario, the fall to the range of $ 56,000 to $ 58,000, occurred. The trading volume is very high, and this range can be a price floor. Look for buying positions on Altcoins. Be patient until the fall ends and enter by increasing the volume of transactions.
BTC is testing a major support zone on the 1H time frame. I think that soon we will revisit previous support.
On the 12H time frame we are trying to hold the low.
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According to head and shoulders pattern the target should be around 54k-55k next to 50 moving average. This should be a good area to go long. I believe that we will reach at least 100k$ in December, thanks to inflation.
Most likely is enough for now.
SEC is coming for altcoins and this can be a worry for the cryptos (reference here : The SEC is likely to get the green light to target stablecoins this week, report says)
BUT: “Bitcoin is the most practical solution for a consumer, investor, or corporation seeking inflation protection over the long term.”
Ask Elon about...
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Welcome to this quick bitcoin update. First of all, don't panic guys. This dump is just for swiping out the high leveraged positions from the market.
BTC is still fine and bouncing from the $57.5k support zone. In my previous update, I clearly mentioned that if BTC doesn't...
We have a head and shoulders pattern I think we retest the descending wedge that we broke down out of, before continuing to the downside. Dont underestimate the very ugly weekly candle that we closed last week. Look for short entry around 61.3k ---- Target 57K.
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So we've got the sell off that we were expecting and more from yesterdays market update on YouTube.
Prices broke through the 100 MA and fell perfectly into the $58000 order block that would act as next support once the 100MA had been broken.
The next order block below is lining up nicely with the 0.382 FIB on the Weekly timeframe so we could see...