#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term.
Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s...
In this chart we have observed a Bearish Flag on one hour time frame, there is no Divergence spotted sofar, we indicates it can go down to 61500
what you guys say about that?
Hello TradingView Family / Fellow Traders,
📦 Post-halving , BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
📈 For the bulls to take full control again , and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed.
📉 In parallel, if the $60,000 support is broken downward, we...
Bearish rising wedge pattern, possible to pullback at FVG and golden zone area, if in that area pressure from sellers still huge, the price have high probability to keep going down.
!!UPDATE 25/04/2024!!
After the latest update last night, the BTC still holds its place at 66.9K , but that's not a good sign cause it means the BTC is closing the candle under the Daily Equilibrium which makes us expect the probability for the next few days to be heavier to correction . BUT! there's huge news tonight that might impact the current...
Bitcoin Halving: A Comprehensive Overview and Its Impact on the Market
Bitcoin halving, an event that occurs every 210,000 blocks (approximately every four years), reduces the reward for miners who validate transactions and add new blocks to the blockchain by 50%. This mechanism is designed to control inflation and maintain the finite supply of Bitcoin, which...
BINANCE:BTCUSDT has now started its downtrend, The 60k was reacting as a strong support zone, and bitcoin had done 4 restest of this price zone.
Now Im Expecting a breakdown in the start of the month of May or in the last week of April.
May might be the red month for bitcoin and crypto Industry.
Hello, TradingView community and my subscribers, please if you like ideas do not forget to support them with your likes and comments, thank you so much and we will start a LONG outlook on #BTCUSDT explained. Price action analysis & key level
The daily chart for Bitcoin (BTC/USDT) shows that Bitcoin is currently in a consolidation phase, with the price hovering around $64,406. The chart displays key resistance (R1) at $67.028.28 and subsequent resistance (R2) around the all-time high of $73,777.00. Support levels are evident at $63,097.93 (S1), $59,065.59 (S2), and a stronger historical support at...
🧠Graphically, we started a decline after breaking below the lower edge of the rising wedge.
➡️From a structural point of view, we started to fall after building a double top structure near the resistance zone. At present, the goal of this structure has been achieved, and there is an expectation of rebound.📈
➡️From the perspective of wave theory, we have...
This is a strong scenario right now and something we have all been wondering...
How are you feeling today?
With so many Altcoins now really strong but yet to complete their bullish cycle and Bitcoin ultra-bullish, it calls for additional growth many people say...
I hope you are having a wonderful start to your week!
➖ Bitcoin is trading near resistance, at...
