Recent Market Activity: Last night, $Bitcoin experienced a sell-off, dropping to the next support level after attempting to reclaim both the Daily 200 Moving Average (MA) and the $64,000 resistance level at the end of last week. Key Levels: Daily 200 MA: A reclaim of this level would have been very bullish, but the drop below it in the last two days indicates...
Bitcoin is currently moving near the Support zone($63,630-$63,200) , Support lines and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY) . One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its...
Bitcoin (BTCUSD) is taking a hit on a weekly basis as, despite last week's green candle that extended the rebound on the 1W MA50 (blue trend-line) and hyped hopes for a new 70k test, the last two days are resetting the momentum. Still, there is no cause for alarm as BTC has been practically consolidating since the March All Time High (ATH). And in fact, the...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge. Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level. But soon, BTC turned around...
I checked the BTC to DXY chart It should be said, is it time for high-risk markets to enter their secondary bull market and once again all the people of the world stare at themselves with their champs, especially in the altcoins sector? I say yes, the next few will prove that the beginning of this process is taking shape...
BINANCE:BTCUSDT The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Currently, Bitcoin is fluctuating around 60k and has not been able to break through the 67K level. This suggests that it may continue to fluctuate within this range and requires closer...
People are still in denial. 5$ will be the cherry on top.
While technicals and all that stuff speaks for a further down move, I have to trust my fundamental idea of rate cuts and the missing retail pump as well as the fear & greed index which turned bearish back again.
In this analysis I want to take a closer look at Bitcoin's current bull-cycle and compare it with the previous cycles. I count from December 2011 onwards. As seen on the chart, the first cycle (yellow) is an outlier in both duration and growth. We will likely never experience something like that again. The most interesting cycles to compare the current cycle to...
Michael Saylor has taken the all in method in accumulating Bitcoin and allowing large institutions to front run the cheap credit cards using senior convertible debt bonds. He bypassed the SEC regulations and jumped in front of BlackRock. Now Blackrock late to the party is slowly allocating global pension funds to the IBIT fund while the recessions fear...
H1 - Bearish trend pattern Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Base on wave analysis we see these scenario for bitcoin for the next move 1- its a running flat correction and start to go up from 59K. 2- its a regular flat and will start to correct to 54-55 and then go up from there.
Price action and it's similarity with Livermore speculative chart predicts 1 million for BTC. this idea it's not an financial advice. Thanks
BTCUSD has quickly reversed from the 65,000 resistance area, which was tested on Monday this week. This move lower is not due to any major news but likely due to technical levels and its correlation with the DXY. A recovery in strength on the DXY traditionally leads to downward pressure on risk assets like cryptocurrencies. Today, the reversal broke through...
BTC/USDT is currently trading at $59,599, up by 0.31%. The price is showing some resilience after dipping close to the $58,000 support zone. The Bollinger Bands indicate that BTC is attempting to push higher, with immediate resistance around $60,383. If BTC breaks above this level, it may target the upper trendline at nearly $70,000. However, if bearish pressure...
Looking at the level BTC stands, it would be best to seat tight and see what September could have installed for everyone. As we could see the Fibonacci guide lines are in place. We have not come to the Fear moment yet.
Bitcoin is now giving an entry. You can it with a proper RR & position sizing at current price. This is your long setup for bitcoin
BTC-USDT Interval 12h. As we can see, a strong resistance zone rejected the increase in the BTC price and we can again observe a downward movement which, after crossing the bottom of the local upward trend line, may reach the levels included in the designated green zone, potential purchases for a new increase.