The BTC still lacks buying momentum and needs to find a stronger buying zone. In the current market conditions, it's imperative to exercise prudent capital management. Presently, making new investments does not present a substantial advantage; the potential for high returns seems limited even if prices were to increase further. Given this scenario, it is...
After a breakdown of the wedge pattern, consider buying between 62K and 63K. This represents the final pullback before BTC reaches 70K.
A little more analysis to elaborate my previous idea . In my opinion it's unlikely that bitcoin can break this strong resistance zone so i'm turning bearish for now.
#Bitcoin is eyeing the box, folks! We've got MA support chilling around $59.8K—could be seeing a retest real soon. Remember, if it dips below this MA on the daily, that's our cue to reconsider our plays. 👀 Remember, alts are just waiting on Bitcoin's next move. We might be in a snooze phase now, but that's exactly when the market likes to shake things up with...
BTC is forming a symmetrical triangle. I have a short position currently and will switch to a long on the triangle upward breakout.
The fast short on BTCUSD on the few days. The idea that we are moved in the local downside channel and now we are on the up side of this channel. The target is 60k level.
BINANCE:BTCUSDT market overall is moving sideways. On the dialy timeframe, the market formed an engulding candle. I think the market might push down to these support levels. The support zone at 60000 and 61000 has held price for a long time. I think the market may move lower because, if you look at the price action, you can see that the market is pulling back,...
cureent pump looks like a bearish retest, 67200 acting as a resistance for now , failure to break this means we go lower 58k to 59k as long term target , short term targets in chart
!!UPDATE!! As my previous analysis said there's 50/50 chance of BTC, but after the news comes out the price looks pretty good and shows signs of strength . Hold up, don't get too excited first, the possibility is still 60/40 , we'll see how BTC maintains its strength tn . Ight, I'll say why I can say the BTC showing strength ; 1. S&P not doing well as...
A bearish flag is a technical chart pattern that can signal a potential continuation of a downward trend in the price of an asset. It typically forms after a significant downward price movement (called the flagpole), followed by a period of consolidation where the price trades within a narrow range, forming a rectangular-shaped flag. The flag portion represents a...
So BTC falls below 64.3k and now we are looking at the next green zone which is lying at 62k. So BTC will either move higher from green zone or it will grab some liquidity lying below the zone. So 61k to 62k is the region from where BTC can reverse. All eyes on the BTC now,
Bitcoin seems the last day in a broken downtrend with here and there what stability. There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume. The trend of now. BTC trying to find the right way to get out to new building volume, out of the playing trend. Can...
Hello, fellow traders and investors! 😊Let's dive into the latest analysis of Bitcoin's price movement. As we assess the current market conditions, it's evident that we remain within a medium-term downtrend. Despite recent attempts to break above the main descending trendline, the price has failed to sustain upward momentum. This failure to breach the...
Looking the CRYPTOCAP:BTC graph upside down we have a better perspective of what might be going with CRYPTOCAP:BTC in a wider perspective and outside of any bitcoin-maxi opinion on the fact that we are still doing bullish patterns and the price should see 72k soon. On a higher timeframe what we can see is that: Bitcoin broke a very important upward...
New York time is opening and I love this trading session
Here we see bitcoin following this TA nicely - I’m prepared for a massive drop to occur at this point - per this red trendline
BlackRock has significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274,462k BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was...
Trading Setup: There is a Trading Signal to Buy in BTCUSDT Bitcoin 4h Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 60600.0 ⭕️SL @ 58000.0 🔵TP1 @ 70100.0 🔵TP2 @ 77000.0 🔵TP3 @ 87000.0 What are these signals based on? The price hit the support zone of the corrective channel Classical Technical Analysis Price Action Candlesticks ...