Here is my BTCUSD technical analysis folks, am only looking for long opportunities on BTCUSD, am not really bearish on BTCUSD am more looking to buy.
Reaching the $48,000.00 mark earlier this week, some speculators may view this value as an upcoming attraction point for Bitcoin. However, traders in the BTC/USD market must maintain a realistic perspective, acknowledging the potential for Bitcoin prices to decline, and a one-way upward trend could pose a risky gamble, given the likelihood of lower...
Bitcoin was hovering around an elevated flatline on late Wednesday after the Securities and Exchange Commission gave the go-ahead for the first spot bitcoin exchange-traded funds (ETF) to be traded in the U.S., as expected. According to Coin Metrics, the cryptocurrency pared earlier losses and was most recently trading around $46,671. Meanwhile, the price of...
Bitcoin is preparing for a significant "Jubilee Upgrade" at block height 824,544. This upgrade briefly suspends deposit and withdrawal services for certain BRC20 tokens on January 5, 2024. The update aims to address inconsistencies in engravings on BTC denominations within the BRC-20 network. UniSat will monitor functionality, and a scheduled network update from...
Current market psychology is developing around two scenarios. First scenario. * ETF Super bullish narrative since November 2023. * Super Cycle that must hit ATH in this April (sell in May) Second scenario is about based on speculations and history of price actions. * ETF is a Sell the news action, no matter is Approved or Declined. * Every crypto chart has...
Bitcoin's price continues to oscillate around the weekly supply zone midpoint of $43,860, poised for an early breakout as imminent ETF launches draw closer. The flagship cryptocurrency finds robust support from the 25-day and 50-day Exponential Moving Averages (EMAs) at $43,130 and $41,391, respectively. The upward slope of these EMAs indicates minimal resistance...
Even amidst regulatory crackdowns on cryptocurrency exchanges over the past year, Bitcoin has exhibited consistent growth throughout much of 2023, currently hovering around $43,610 - an increase of nearly $18,000 in value since September. Reaching its peak at around $68,000 in November 2021, Bitcoin faced a significant setback by November 2022, losing over 75% of...
Bitcoin surged past the $44,700 resistance on January 2, yet this breakthrough turned out to be a price trap as it plunged on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), showcasing robust bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways at ($42,855), while the Relative...
Bitcoin surged above the $44,700 resistance on January 2, but this breakthrough turned out to be a price trap as it sharply declined on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), indicating strong bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways ($42,855), and the...
Bitcoin surged over 6% in the first week of the new year, hitting $45,000 in 2024. This milestone holds significance for altcoins as it marks their highest level in 21 months. The last time BTC reached this level was in April 2022, during a bearish market peak that halted its ascent at $18,200. Despite the recovery, Bitcoin hasn't breached the $45,259 resistance....
Bitcoin (BTC) is on an upward trend, surpassing the weekly supply zone midpoint, signaling a possible continuation. However, recent remarks by CNBC's Jim Cramer added confusion. The market anticipates SEC approval, hinted by a Reuters report between January 2nd and 3rd. This, coupled with FOMO and speculative trading, boosted BTC by 7% on January 7th, breaking...
Bitcoin's price is on the rise, and it looks like it might reach somewhere between $48,000 to $50,000 soon. People are excited, but smart traders are watching closely. They know that when a new Bitcoin ETF starts, it might cause a big change. The saying 'buy the rumor, sell the news' means that people often buy before a big announcement and sell right after,...
As of now, Bitcoin trades at $42,376 on Binance, maintaining its position above $42,000 into 2024 despite signals of price dips in on-chain data. Recent data shows profit-taking by BTC traders from October to December 31, alongside a surge in BTC supply on exchanges by year-end. Despite mounting selling pressures, Bitcoin remains steady above $42,000 as of January...
Bitcoin's steady climb since early November peaked on December 4th, breaking through the weekly supply zone from $40,387 to $46,999. The pivotal point at $43,860 signals the need for a breakthrough to sustain the upward trend. However, technical indicators suggest a possible opportunity for investors to wait for a dip before buying, anticipating a 2024 price...
Bitcoin's price gains support from evolving central bank policies globally, particularly the US hinting at looser monetary policies in 2024. Short-term price dips may present buying opportunities. Potential support lies around $40,000, with $38,000 as an additional level in case of a substantial downturn. Resistance is projected at $45,000, targeting $47,500...
As a part of Messari's 2024 Cryptocurrency Thesis, the platform highlights the growth and impact of BRC-20, Ordinals, and Inscriptions. These new transaction forms, along with Tem and Runes, have surged this year, flooding the Bitcoin mempool and causing a notable spike in transaction fees. According to the thesis, engravings alone accounted for approximately 21%...
Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for everythings. Big short Sl:40000 Tp for long term: 10000 Period of time that this analysis stand:...
Bitcoin's price has initiated a renewed uptrend, reaching bidding levels around $41,500. BTC has formed a price base and recently embarked on a new upward movement from the low of $41,637. There is steady upward momentum around the resistance zone of $42,500.