Bitcoin-price
BTC/USD Recovers Above $63,000 LevelBitcoin Price Prediction – October 25
The Bitcoin price prediction is up by more than 4.54% as the price struck a sudden and bullish price spike above the moving averages.
Resistance Levels: $70,000, $72,000, $74,000
Support Levels: $54,000, $52,000, $50,000
The daily chart reveals that BTC/USD is pushing the price above the crucial resistance level of $63,000 as the coin keeps moving towards the $65,000 resistance level. However, the number-one crypto is moving with strong bullish momentum after a sustainable break above the 9-day moving average. Meanwhile, BTC/USD has gained over 4% since the beginning of the day as it is currently trading at $63,617.
Bitcoin Exhibits a Trend Reversal After Reaching a Support LevelHello cryptodeppers friends wherever you are!!! For the first time, cryptodepper will undertake a price study of bitcoin. Those of you who trade cryptocurrencies should find the cryptodepper analysis useful.
On October 21, 2021, Bitcoin surpassed the all-time high of $67,000. Whereas the highest price in April was $64,000. However, even when bitcoin has reached its all-time high, it does not instantly resume its upward trajectory. The price plummeted once more for a pullback to the 60,000 mark. It's okay, just relax in the face of this correction, pals. Because the price adjustment is reasonable and beneficial to future price action.
The graphic above shows that the level of support is extremely high at 60,000. As a result, the price of bitcoin has risen above $63,000 today. According to the RSI indicator, there is also a positive divergence on the 1 hour time frame. This has an impact on the price of bitcoin. Furthermore, bitcoin's price has broken through the EMA line and generated four green candles. As a result, it's quite positive for bitcoin.
Bitcoin is now forming an upswing. Bitcoin is projected to burst over existing barrier and establish a new high. Please be patient and eager for the holders. We will shortly surpass the new ATH. I'll see you at the next analysis.
BTC / Bitcoin price targets. (working fine 'till now)fibonacci, rulers, MAs and trend lines.
I used a simple fibonacci retractor from the last $60K ATH to the All Time Low $30K, made a Schiff Pitchfork from the Bull Trend after that, added support and resistance lines to that too. I used Median Averages Lines 20/50/100/200 from the week timeline for extra context too
Bitcoin price continues to find buyers at the Tenkan-SenBitcoin price has shown resilience and conviction since creating new all-time highs. There were broad concerns that due to Ethereum’s rejection of new all-time highs, Bitcoin might suffer a robust corrective move below the $60,000 value area. Although the Binance.US exchange did have an anomalous wick that saw Bitcoin return to the $8,000 level –that was the exception. If buyers can maintain the Tenkan-Sen as a primary support zone, then a move to test $70,000 is next.
Main Target of Bitcoin Price !!! This Best Analysis For BtcoinThis is the best analysis for the future of bitcoin prices right now !!!
All the descriptions are described in the chart for you dear ones
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Bitcoin 2021 bullrun using Beam Bands and Gann FanI decided to use the Gann Fan fib along with the Beam bands to illustrate the possible trend we are seeing with Bitcoin currently. We may have seen the bottom with Bitcoin at the low of $29k level. There has been much fud and talk of the bull run has come to an end but I am of the opposite thinking and believe we are in the middle of this bull trend. I am still, like many in the Bitcoin community, seeing a possible $300k plus target for Bitcoin but years end. We will see.
FRACTAL PATTERN FROM 2017 IS THE CLUE TO BITCOIN'S NEXT MOVES!Hey guys!
I have recently developed a piece of software that scans for previous chart patterns. This chart pattern has been identified recently with an accuracy of 75.2%.
Remember! Past price action is not an indicator of future price action. Please be careful when trading.
Love, peace, Seb!
Bitcoin FUD Leaked Conversation - Real or Fake? Scenario EvolvesHere in the charts is the possible scenario about the FUD Leaked Conversation calling for $25k, can't find it but if somebody has it post a link in the comments. User was "anonymous" and calling the recent $30k price drop to liquidate a big player.
Not sure if this is true, as I called the $30k price target with the Wyckoff distribution pattern I posted here on Trading View also, just hit play and check the target line. Props to Market Cipher which also gave me the confirmation needed it was time to take profits. Long story short, the article called for a symettrical triangle to develop and eventually dump to $25,000. Well here we are, symettrical triangle developing. Real or fake?
It happened!! As predicted The price action broke down through the lower median line as we feared would happen. But this is a great opportunity to buy more. Give it a little more time to see which way the trend continues and don’t be afraid. These corrections are temporary. The RSI is showing a divergence and we can see the new areas of interest. The graphs gave us these signals yesterday and now it’s time to take advantage of what we know will likely happen next. Don’t make any investments you are not comfortable making. None of this is trade advice, but purely analysis and chart explanation. Happy trading!!
BTC freefall to $42,000 beckons amid drained bullish front
Bitcoin rejection from $52,000 leads to unstoppable declines under $50,000.
Technical indicators flip bearish for Bitcoin, adding weight to the impending price drop.
The IOMAP model reveals immense resistance ahead of BTC and robust support, hinting at a potential consolidation.
Bitcoin continues to explore price levels under $50,000 following a recent rejection at $52,000. Initially, traders anticipated support at the 100 Simple Moving Average (SMA) and the 50 SMA on the 4-hour chart, but the gravitational force seems extremely hard to stop.
Meanwhile, the bellwether cryptocurrency is trading slightly above $47,000. Short-term technical analysis shows that the least resistance path is downwards. This is emphasized by the Moving Average Convergence Divergence (MACD) on the same 4-hour chart.
The trend momentum indicator has also flipped bearish following the MACD line (blue) cross under the signal line. Additionally, the technical indicator is falling toward the midline and may extend the action into the negative region.
Bitcoin is expected to secure support at the 200 SMA to halt the losses. However, if push comes to shove, BTC will extend the bearish leg to $42,000 due to the lack of a robust support area.
The In/Out of the Money Around Price (IOMAP) model by IntoThepBlock bolsters the massive resistance ahead of the flagship cryptocurrency. Recovery from the current price levels to $50,000 will not come easy, especially with the selling pressure between $48,450 and $49,816. Here, nearly 1.1 million addresses had bought 504,000 BTC.
On the flip side, the same on-chain model reveals that Bitcoin’s downside is also strongly supported, which means that losses as far as $42,000 may not come into the picture. Consolidation may take place owing to the support running from $45,660 and $47,026. Here, approximately 739,000 had purchased 445,000 BTC.