In BTC USD, practically every time the monthly Stochastic RSI has reached 100 and the fast RSI crosses the slow RSI there is about a 45% to 75% drop in value as a correction. The BTC low target would be $29,000 to $41,000 for the next 6 months prior to the post-halving bullrun going into 2025.
Morning folks, So, BTC has dropped slightly more, as we've suggested but daily oversold hasn't let it to touch strong weekly 50-52K area that we've mentioned. Despite that overall context remains bearish, we prefer to wait for some rally to sell into. BTC now near weekly K-support, just has completed daily OP downside target and at daily oversold. It would...
$Bitcoin price action has established a range! Current price: 61400 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 higher prices, then bitcoin needs to remain in this range: ...
Significant Selloff: Cryptocurrencies experienced a significant selloff during the holiday trading week, causing Bitcoin to break below the lower trendline of its symmetrical triangle pattern. Chart Pattern Shift: The chart pattern could be changing, and a further drop is possible unless we witness a false breakdown. Key Support and Resistance Levels: Support:...
This analysis examines BTC's price action, both actual and inflation-adjusted, using key technical indicators and Fibonacci retracement levels on the weekly chart. The goal is to provide insights into potential future movements and the overall trend. Key Observations from the Chart Inflation-Adjusted Price and Fibonacci Retracement Levels Inflation-Adjusted...
52-48k key support. worst case scenario is 38k... 1. Market Analysis: Asset: BTC (Bitcoin) Timeframe: Daily Pattern: Cup and Handle formation (potential) Support Levels: Heavy support between $52,000 and $48,000 Additional Confirmation: Bullish divergence on the daily timeframe 2. Entry Criteria: Cup and Handle Formation: A cup and handle pattern indicates a...
Bitcoin is moving up some days down other days eventually it will always go up into the right. They say time in the market wins. Don’t try to time the market.
4shortTeRm, We gonna retest to 58.000 AREA, if breakout = bullish $$$$
This is the same as in 2014-2015-2016, in 2016 there was a halving and the bad news was that Bitfinex was hacked which caused prices to fall and mass panic selling. And happen again in 2022-2023-2024, in 2024 Bitcoin Halving and a lot of bad news including the German Government and Mt.Gox selling Bitcoin and the price dropping to the $53K- GETTEX:54K area. 1st...
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this is just a trap, those who buy at the current price will cry later lol
- Price stabbed into a HTF Liquidity Pool - BTC still needs to confirm a reversal on the Lower Timeframes
Good Evening and I hope you are well. tl;dr Bears broke the bull trend line for good and market is now fighting for 56000. Bulls want to get back above 60000 to make this a bear trap and keep the trading range alive. Bears want to keep it below 59000 and the bull trend line. Odds favor sideways movement 56000-59000 until the next breakout and my money is on the...
Analyzing the BTC/USDT chart, it's evident that Bitcoin is at a crucial juncture in its trading pattern. The price of Bitcoin, currently around $57,135.99, lies just above the critical support level at $56,715.39 (S1). This level is significant because it has acted as both support and resistance in the past, indicating its importance in the market's sentiment...
The trading chart of the BNX/BTC pair from Binance provides an interesting analysis of recent price movements and potential future scenarios based on support and resistance levels. Looking at the chart, the BNX/BTC pair has been showing some volatility with a notable downward trend since its peak around the 0.00002229 BTC mark. Currently, the pair is trading near...
found such a regular model, which initially leads to updating the maximum values on BTC. The model does not exactly reflect this type, but the similarity is relative. I expect a large value of greed in the area of 85+ in the zone of maximums and I think that it will be 100k or 200k or 1 million. Although there are such thoughts even now, it is not enough
#usdt #tether dominance rallied too much in June. But it's not over? #usdt may have a Elliott's 3rd minor wave impulsive move to reach the higher red box. Losing current zone is the invalidation.
The overall sentiment in the Bitcoin market is currently bearish. Technical indicators suggest downward pressure, with the possibility of nearing an oversold condition. This is a critical juncture for Bitcoin, as the market decides whether to continue its decline or initiate a recovery. Key Technical Insights 1. Price Action and Support Levels: • Bitcoin is...