If 67k is lost and not reclaimed, Bitcoin may target a drop down to ~63k and then 60-61k (around 60.6k). This relates to a couple of other charts previously posted: A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2: A daily chart that is targeting 73-75k if it can hold 60k:
In less than one month it will be 6 months when CRYPTOCAP:BTC topped. Historically, this has been an important time frame for the asset. #Bitcoin is getting to the major support level faster than anticipated, yellow line. The time between big cyan colored arrows is IMPORTANT. #BTC close to oversold & TONS of $ has been taken out. Getting closer to a bottom.
BTC underwent a serious correction, which is far from OVER in LONG TERM view. However, as per my EW count, I think we are ready for a rally, even to a NEW ATH. Current EW Count was closely monitored for few weeks and updated accordingly, Further, I personally believe, we are Ready for a MINI ALT COIN SEASON to complete the market cycle in most of the ALTs. Be...
As we know BINANCE:BTCUSDT couldn't break old High which is at 73750, now trading at 61k. I was focusing at 61k-63k range to look LONG-FUTURES trade but looks like BINANCE:BTCUSDT is shifted other way and much possible to check 53k area. There is a valid Order Block zone between 57k-59.5k. But as I mentioned earlier BINANCE:BTCUSDT more likely to hit 53k in...
By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we see that recently Bitcoin corrected to $64,000. After that, BTC experienced renewed demand and is currently trading around $66,000. There are two potential scenarios for Bitcoin in my opinion: • The price could start rising from this level, with the next targets being $72,000, $77,000,...
In the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The...
Bitcoin Technical Analysis The price has reversed and stabilized in the bearish zone, targeting 62400. A break below this level could extend the bearish trend towards 59950. Bearish Scenario: As long as the price remains below 64905, the bearish trend is expected to continue, with the first target at 62410. A break below this level could lead to the next...
BTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak...
It seems that BTC is forming an ascending triangle pattern. The price is currently moving towards the support zone, around 62K. If this support remains intact, we can anticipate the next target for the price to be in the 71K to 72K zone. Considering the expected bull market after the recent bitcoin halving, it's highly probable that the support will hold, causing...
Bitcoin (BTC) has lost momentum over the past two days, raising concerns among analysts, and traders. The leading cryptocurrency is currently trading sideways, lacking the strong volume needed to break through key resistance levels. Low trading volume often precedes price dips, and if we don't see a surge in buying pressure soon, we could see Bitcoin revisit the...
Leaving this with almost no description intentionally. What is the community thinking about it?
Hi, dear friends! 🫶 Missed fractals? I hope You did, because today I'm going to show You one of them.🤭 A fractal in trading refers to a recurring pattern that can predict future price movements. They play a significant role in technical analysis, offering insights into potential market trends. In November-December 2020, Bitcoin's price formed a pattern that...
Hi, friends! Are You scared, that Bitcoin is falling? I think we're being given one last chance to buy at a discount before we embark on an exciting journey called the bull run!🚀 I'm expecting, the price can reach levels of $62-63K, so I'm buying and buckling up.😂 Are You with me?🫶 Do You think Bitcoin is going to the moon soon? Thanks for Your interest...
Hello, dear friends! Bitcoin has started to decline in price, even though other markets are showing solid growth. What do you think is causing this to happen? Here are some possible reasons: 1. Macroeconomic Factors 🔴Inflation and Interest Rates: Increases in interest rates or changes in inflation expectations can reduce interest in high-risk assets like...
many htf levels and orderblocks linger in the 58-62k zone we have a defined range high which has not been broken on this attempt it seems likely we put in the next shoulder near the range low next
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price broke $66600 level and entered to flat, where it soon reached top part, which coincided with $71500 level. Then price made correction, after which in a short time, it rose back to $71500 level, turned around, and started to decline. BTC...
$Bitcoin price action has established a range! Current price: 61300 Previously CRYPTOCAP:BTC continued to find rejection around the 71500 resistance and also established support around the 60600 area. It is fair to state that Bitcoin's established RANGE lies between 60600 - 71500 For alts to rise to better prices, bitcoin needs to remain in this range! Worst...
- Lot of liquidations just happened - 6-7 Swings downside. - Potentital reverse here. - We are long