#BTC: I'm just simplifying things for you people.
Updated
Bitcoin (BTC) is currently facing a tough challenge at a price range of $27,700 to $28,000. This zone is like a big wall that's hard to break through.
Why is it so strong? Well, think of it as a triple defense line. First, there's a horizontal resistance. Second, we have the 100-day Moving Average (MA) and the 200-day MA, and they're about to cross. In the past, when the 100-day MA went below the 200-day MA, Bitcoin often went down a lot.
The RSI, a tool that helps us understand if Bitcoin is overbought or oversold, is in a neutral state. It's not giving us a clear signal either way.
For Bitcoin to move up strongly, it needs to break through this $27,700 to $28,000 level. Until that happens, we might see Bitcoin moving sideways or even getting pushed back from this level. If that happens, there's some support at around $21,100. But the most crucial support is at approximately $25,000 – it's essential for the Bitcoin bulls to defend this level.
In simple terms, Bitcoin is at a critical point. Breaking the $27,700 to $28,000 range could mean big gains, but if it can't, we might see it stabilize or drop. Keep an eye on these levels; they'll give us a clearer picture of where Bitcoin is heading.
Have a look at the BTC CMA FUTREST CHART
Even though it's not visible on the big charts (HTF), there's a secret CME gap in Bitcoin. We're curious to see how it all unfolds.
The intrigue is real, and we're here for it!
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Why is it so strong? Well, think of it as a triple defense line. First, there's a horizontal resistance. Second, we have the 100-day Moving Average (MA) and the 200-day MA, and they're about to cross. In the past, when the 100-day MA went below the 200-day MA, Bitcoin often went down a lot.
The RSI, a tool that helps us understand if Bitcoin is overbought or oversold, is in a neutral state. It's not giving us a clear signal either way.
For Bitcoin to move up strongly, it needs to break through this $27,700 to $28,000 level. Until that happens, we might see Bitcoin moving sideways or even getting pushed back from this level. If that happens, there's some support at around $21,100. But the most crucial support is at approximately $25,000 – it's essential for the Bitcoin bulls to defend this level.
In simple terms, Bitcoin is at a critical point. Breaking the $27,700 to $28,000 range could mean big gains, but if it can't, we might see it stabilize or drop. Keep an eye on these levels; they'll give us a clearer picture of where Bitcoin is heading.
Have a look at the BTC CMA FUTREST CHART
Even though it's not visible on the big charts (HTF), there's a secret CME gap in Bitcoin. We're curious to see how it all unfolds.
The intrigue is real, and we're here for it!
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
Because there are so many incorrect charts floating around, I decided it was time to create a long-term chart.
I believe that the logarithmic chart's right fit is a square root function, which indicates that the growth is slowing over very long durations. BTC can't just keep expanding exponentially. In 2025, this would result in outrageous pricing in the millions.
I am a long-term bull on bitcoin, but one must maintain reality.
The halvings are what drive these growth cycles since they always result in a supply shock and a subsequent rally.
Of course, these are all just estimates, but I believe this chart to be accurate.
BTC's long-term target is, in my opinion, about 150K USD in 2025 or later. It can be considered the last asymptotic price because it won't increase any further after that.
After the halving, the market experienced a roughly 1000-day bull and bear run. Using historical data, we can determine that Bitcoin entered the subsequent halving at a point that was almost 50% below its peak. In light of this, the price of Bitcoin may reach close to $35,000 before the subsequent halving.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept
Note
In our latest update, we've identified a crucial obstacle in the price range between 27,700 and 28,000. If the bullish momentum falls short of overcoming this hurdle, there's a chance we might witness a slight setback towards the 21,000 level.
However, it's important to note that this 21,000 level doesn't offer rock-solid support. In fact, a more reliable backup can be found around the 25,000 mark.
IMO there is a high chance that BTC will come to around 25k but if it breaks the 20 8K resistance, then the chart will be invalidated.
Note
These two MA’s are about to cross over, let's see what the history says about this,If we backtest BTC chart in the daily timeframe, we have seen whenever the 100MA crosses below the 200MA we see some strong downward move.
What's your views on this chart guys?
#Crypto
Note
No changes in #BitcoinNote
"In our latest market analysis, we've pinpointed a critical challenge lying in wait for cryptocurrency enthusiasts. Picture this: a formidable barrier standing tall in the price range between 27,700 and 28,000. Should the bullish charge falter and stumble at this obstacle, the specter of a modest retreat toward the 21,000 level looms ominously.
But here's the intriguing twist—this 21,000 level, while a notable point on the chart, doesn't quite come to the rescue as an unshakable bastion of support. For a more dependable safety net, cast your gaze towards the reassuring 25,000 mark.
In our humble opinion, the odds seem to favor a descent to around 25,000, an intriguing possibility to consider. However, it's imperative to maintain vigilance, for should the unyielding resistance at 28,000 give way, all bets could be off, and our chart-based musings may be rendered null and void.
Stay tuned for further developments, and remember, in the ever-shifting landscape of cryptocurrency, flexibility and preparedness are your most trusted allies."
Note
BITCOIN PRICE PREDICTION📈
Belief that the right fit for the logarithmic chart is a square root function, indicating slowing growth over very long durations.
Recognition that Bitcoin can't sustain exponential expansion indefinitely, as it could lead to astronomical pricing in the millions by 2025.
Long-term bullish outlook on Bitcoin tempered by a commitment to realism.
Emphasis on the importance of halving events in driving growth cycles, causing supply shocks and subsequent rallies.
Acknowledgement that these estimates are speculative but deemed accurate by the author.
The long-term target for BTC is around $150,000 USD in 2025 or later, seen as the last asymptotic price.
Reference to a roughly 1000-day bull and bear run following halving events.
Use of historical data to suggest that Bitcoin may reach close to $35,000 before the subsequent halving.
The provided graph clarifies the dynamics of Bitcoin's long-term growth.
Acknowledgement that this concept relies on a probabilistic approach.
What do you think? Do you have a specific pricing in mind?
#Crypto
Note
BITCOIN UPDATE
BTC follows an ascending triangle pattern.
The pattern was observed in a 12-hour timeframe.
Previous resistance was encountered at both the horizontal level and MA 200.
BTC currently holding above the ascending trendline.
Importance of closely monitoring for a clear breakout or breakdown of the triangle.
Breakout or breakdown will determine the direction of BTC's price movement.
#Crypto
Note
As anticipated, BTC faced a formidable obstacle at the 28k resistance, resulting in a rejection. In my previous BTC update, I highlighted the intriguing patterns of a rising wedge and an ascending triangle. Now, we're witnessing BTC breaking through the lower level support of both of these patterns.If this breakdown is confirmed, brace yourself for the possibility of a descent towards the critical 25K support level. The crypto landscape is ever-shifting, so stay tuned for further updates as we navigate these market dynamics together!
Note
#BTC CMA gap filed now it's time to file another one with is around 26.2k level.
#Crypto
Note
BTC is playing out precisely as anticipated, and the daily timeframe reveals an interesting scenario. It seems like BTC has broken below a critical support level, resembling a falling knife.
In my recent update, I delved into more details, including the intriguing BTC CMA gap and the crossovers of the 100MA and 200MA moving averages. As anticipated, BTC's first CMA gap has been filled. Now, all eyes are on the second gap, which looms around the 26,200 level.
The daily timeframe paints a concerning picture with a visible crossover, and we've observed that whenever the 100MA crosses below the 200MA on the BTC chart, it often triggers a robust downward movement.
Taking a closer look at the shorter time frame, post the breakout of the ascending triangle and rising wedge patterns, BTC finds itself resting on a local support at 26,600k. However, this support isn't particularly robust, and after a thorough examination of BTC across various timeframes, it seems we may be headed towards the crucial 25k support level.
The cryptocurrency realm is ever-evolving, so don't miss out on upcoming updates as we navigate these exciting market dynamics together! ✌️
Note
No changes in #BitcoinIt still going as expected
Note
#BTC remains steadfastly above the MA 100 and the dependable support of the Ichimoku cloud. However, the market's volume is currently dwindling. For the bulls to gain confidence in a reversal, a substantial volume candle close is crucial.
We anticipate a bullish surge as long as BTC maintains its position above the Ichimoku cloud, offering potential opportunities. However, the path is not without its challenges, with local resistance at 27,200. In the event of a sustained breakdown, BTC may continue its descent.
The cryptocurrency landscape is ever-evolving, so stay tuned for a wealth of upcoming updates that will keep you well-informed on the exciting journey ahead! 🚀
#crypto
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