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Bitcoinanalysis

#Bitcoin Momentum Strong As BTC Anchors on $25kPast Performance of Bitcoin Bitcoin's march higher continues as of writing. From the daily chart, BTC buyers continue to step up their accumulation, pushing prices higher. BTC may extend their gains, building on recent progress, in continuation of the bullish breakout formation above February highs. The next feasible target stands at $32k. #Bitcoin Technical Analysis Bulls are solid and upbeat per the technical candlestick arrangement in the daily chart. Bars are still along the upper BB, and the short-term trend is defined. Since trading volumes are also expanding, traders can look to ride this rally, buying on dips above $25k or February highs. BTC may continue ripping higher at this pace, breaking strongly above May's key reaction points to $32k as the coin recovers after last year's sharp losses. What to Expect From #BTC? The uptrend is clear, and BTC is trading above crucial resistance lines. Since bulls are in control and the upside momentum defined, the immediate reaction level that traders can watch out for is the $30k psychological point and, later, $32k. Resistance level to watch out for: $32k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin is in a bull marketAccording to our free indicator, Fetch Trends, Bitcoin is in a bull market. The weekly candle turned green for the first time in 60 weeks. The last time this happened was in may 2019, kicking off the bull market of 2019-2021. Before that one, Bitcoin turned green in Octobre 2015, which was at the start of the bull market of 2015- end of 2017. The first green candle was also found after 60 weeks. Ofcourse this isn't the only reason why I believe Bitcoin is in a bull market. I've given my other reasons in previous posts.
BITSTAMP:BTCUSDLong
by FetchTeam
#Bitcoin Contracts from $28k but Bulls Remain UpbeatPast Performance of Bitcoin Bitcoin remains in an uptrend, reading from the performance in the daily chart. Even though there was a contraction on March 20, forcing the coin below $28k, buyers are still in control. As it is, BTC will be bullish, provided prices are above $25k and February 2023 high. #Bitcoin Technical Analysis Buyers are confident, and traders anticipate even more gains in the days ahead. For now, the uptrend is defined, and every pullback above the $25k support might offer entries for aggressive traders. If bulls manage to push prices higher, any surge above this week's high may see BTC float to $32k. This preview holds because the Bollinger Bands are still diverging, and bars are along the upper BB, pointing to strong upward momentum. Besides, the March 17 bullish breakout bar defines the short-term momentum from an effort versus result perspective; a net positive for optimistic traders. What to Expect from #BTC? The uptrend is firm, which will remain as long as BTC is above $25k. This support is critical and may anchor the uptrend even if there is a retest from spot rates. Buyers must soak all selling pressure and sustain prices above this reaction line. Resistance level to watch out for: $32k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#BTC can hit $40k by May but not without Corrections!!Welcome to this weekly Bitcoin update everyone. Few Points to observe from this chart:- 1. BTC has broken above the weekly 200MA 2. BTC is approaching the important resistance of $29k. 3. The current area needs to be broken for further continuation. 4. The weekly chart shows a possibility of $40k to be hit by June's first week. 5. A successful correction around the $25k zone is needed and that will be the buy level for those who missed the move. So looking into all these signs it's better to be positioned in BTC if you are here for the long term. I am looking into ALT/BTC Pairs and will start accumulating slowly when BTC Dominance hits the 48% level. TBH, This chart shows there's also a possibility that Dominance can break even above the 48% level after a few rejection candles (That is the time when Alts will breathe). So we will be cautious in that case. I will give you a heads-up if that scenario seems likely. For those who are leveraging now, it is better to book profits and wait for corrections. I've closed all my positions except BTC where my entry is around $16400. PLEASE OBSERVE THE CHART FOR MORE INFORMATION. Conclusion:- BTC has never been this bullish in the last 18 months. Expect short-term pullbacks around the $25k-$26k area when it hits the $30k zone. DYOR, This is not a financial advice If you like this chart, do hit the like button and share your views in the comment section. Thank you #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
6
#Bitcoin Explodes, Rallies 25% as BTC Bulls Target $32kPast Performance of Bitcoin Bitcoin is firm at spot rates, up 25% week-to-date, and trading at highs above August 2022 highs. With the trend defined and bulls determined, traders can continue looking for entries to double down, targeting $30k and $32k in the coming days. #Bitcoin Technical Analysis The path of least resistance is northwards, and bulls are firmly in control. With BTC bulls shaking off bear attempts, forcing prices to new Q1 2023 highs above $28k, it's evident that the coin is bottoming up. Moreover, Bitcoin bars are banding along the upper BB, suggesting increasing buy momentum. At spot rates, not only is the pump with rising volumes, but bulls are beginning to reverse the losses of 2022. The bullish breakout formation holds steady, and for every low above $25k, the February 2023 and August 2022 high remains a loading opportunity. The immediate target is May 2022 high of around $32k. What to Expect from #BTC? Traders are upbeat and expect more trend continuation in the days ahead. Since the foundation is set and volumes are high, the trend is clear. Moreover, BTC is within a bullish breakout formation, shaking off bears. As such, the coin could tear higher towards $32k. Resistance level to watch out for: $32k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Where BTC going from here? BTC find bottom? Last 4 - 5 months I tracked #Bitcoin to see when it will hit the bottom like many of you and I was expecting capitulation before we see a strong move up from BTC. Did Crypto find bottom, Alts and BTC? I'm not 100% sure but altcoins made nice 50%+ move some even bigger move from bottom. If you are not already long on some of these movers or if you catch some of these moves I guess it is a good time to take some profits from table and move Stop in profit. I'm 100% sure I will not long here. Why? Because I'll wait to see where this going from here. Can Bitcoin push from here without retrace? Sure, it's possible, but the question is what kind of traders are you? Holder? Where to enter and where to place Stop? Anyway this is what I tracked these months for #BTC and what I was looking for (I know bear option is not popular) and what could happen. Back in September '20 the first harmonic pattern I spotted (after BTC make big drop) was bullish Shark pattern. I also noticed that is choppy waves and usually it is not a good idea to take long in bearish market. I got the bearish harmonic pattern in result of how the price moves (small Butterfly harmonic pattern) Again, I noticed choppy waves (not impulse, this move should be part of some larger correction) At same time, I got a larger harmonic pattern (121 pattern) and 5 - 0 pattern, that is a specific harmonic pattern (small margin for error) I assume this is just internal (inside) correction of larger move down (from 25k to 18k) and I have confluence of 3 #harmonic patterns. Risk to Reward (R:R) is good and in bearish market is always a better option to ride with trend. Clear Entry, Stop and all Targets. So, Bitcoin reached all targets, for one small and two larger harmonic patterns. After that drop, the next pattern I got is small Cypher and Anti Butterfly pattern. Like I said before, it is not a good idea to long in bearish market but these harmonic patterns reached all targets (I ask myself maybe trend is going to change)? After a nice move from that bottom, Bitcoin reached new larger bearish harmonic patterns (very large 121 pattern and Cypher and Anti Butterfly) These patterns even reached PRZ however they still did not reach "entry". The question is will it be invalidated (not reached "Entry" before break up) or we will see valid harmonic patterns (hit entry) and reached some targets? One of the reasons to be careful is because I can see two more possible harmonic patterns above (Crab and more upside Nen Star and Anti Bat). If this is not bottom one of the options are this Elliott wave that I see. I guess soon we will see where the top is for this move up (if this is bottom) and what kind of move down we will see after we find top (if this is not yet). 3 or 5 wave down. Enjoy and good hunting.
by CryptoArch_
#Bitcoin Uptrend Continues, BTC Floats Above $26kPast Performance of Bitcoin Bitcoin prices are firm at spot rates and trading volumes are relatively high, supporting the uptrend. Following today’s gains, bulls successfully pushed above February highs and broke from the consolidation, trading above $25.3k. This is an assurance for traders and sets the foundation for another leg up towards $28k or better in the days ahead. #Bitcoin Technical Analysis The path of least resistance is northwards. Bulls are in a commanding position. What’s more? trading volumes, and thus, momentum is high. Subsequently, traders can look to buy the dips, targeting immediate highs at $26.3k or better in the days ahead. As it is, prices must always continue to steer clear of February highs at $25k for the bullish breakout of this week to be valid. In the meantime, the immediate target can be at $28k and later $30k. On the reverse side, if there are pullbacks, it should be inside the bull bars of March 13 and 14, ideally above $22k. Further losses below this support and February lows will invalidate this bullish preview. What to Expect From #BTC? BTC is firm and continues to extend this week’s impressive gains. The coin rose almost 27% to spot rates, reversing losses of March 3 and 9.With prices above the recent range-bound, there are opportunities for aggressive buyers to load up on dips in the short to near term. Resistance level to watch out for: $26.3k Support level to watch out for: $25.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Contracts As Buyers Recoil, Will BTC Break Above $25k?Past Performance of Bitcoin Bitcoin is stable at spot rates, up 10% in the last week of trading. Although prices contracted on March 15, the uptrend is valid. There are high odds of BTC rallying, retesting $26k in a buy trend continuation formation. In the short term, traders should watch how prices react. Even if there is a retracement, but prices are inside the bull bars of March 13 and 14, the uptrend remains. #Bitcoin Technical Analysis On March 15, BTC prices remained inside a tight trade range. Even though prices didn't edge higher, the valid trend remains bullish. The resistance is around $25.3k, marking February highs, while the ideal target is at March 14 highs at $26.3k. Per the BTC candlestick arrangement in the daily chart, the immediate support lies at around $33k, marking the base of March 13. This price level also flashes with February lows. Therefore, every low above this line may offer entries for aggressive buyers expecting more gains in the short term. What to Expect from #BTC? USD strengthened across the board on March 15. While there is a chance BTC may contract, how prices react inside the two bullish engulfing bars of early this week will shape the short to medium-term trend. Resistance level to watch out for: $25.3k Support level to watch out for: $22k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Breakout, BTC Soars To New March High at $26.3kPast Performance of Bitcoin The expansion of Bitcoin to spot rates has been encouraging. The coin temporarily rose above February highs to print new Q1 2023 prices. Although the coin is now lower, the uptrend remains, and traders might look for longs on dips on every retracement. Noticeably, the March 14 bar is with increasing volumes pointing to participation, a net positive for traders. #Bitcoin Technical Analysis Bitcoin buyers are confident at spot rates. The coin is above February highs, with the bull bar of March 14 confirming gains of the best part of this week. Notably, the bar is with high volumes pointing to interest from market participants. With the trend defined, traders can look to buy on dips, targeting this week's highs at $26.3k and later $28k. Even so, today's bar must close above February's highs if the bullish breakout formation is to be valid. Notice that though wide-ranging and bullish engulfing, yesterday's bar closed with a long upper wick pointing to liquidation in small time frames in the second half of the day. What to Expect from #BTC? Traders are upbeat, and buyers will stay the course ideally if today's bar is bullish above $25k. The path of least resistance has been defined following yesterday's gains. However, traders must sustain the uptrend by loading the dips and keeping prices above February highs. Resistance level to watch out for: $26.3k Support level to watch out for: $25k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Rockets 24%, BTC May Register New Q1 2023 HighsPast Performance of Bitcoin Bitcoin is up 24% in four days as bulls emphatically reversed last week's losses, shaking off bears. With the explosion from crucial support, the path of least resistance appears northwards. Notice that the recent leg up is with expanding volumes, a net positive for holders. #Bitcoin Technical Analysis Buyers are in control, and the trend is swinging back to bullish. As it is, traders can buy the dips, targeting February highs at around $25.2k. This preview is only valid as long as prices are trending above the immediate support at $21.5k. It marks February lows and is a critical reaction line in the near term. The line flashes with the 50% Fibonacci retracement level of the December to February trade range. As long as prices are above this line, there are higher odds of BTC blasting above $25.2k with expanding volumes. What to Expect From #BTC? Traders are bullish, and the reversal of March 3 and 9 losses are impressive. With the trend defined and buyers likely to press on in light of macro events, the next target will be Q1 2023, posted in February. Resistance level to watch out for: $25.2k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Bitcoin recovered My last post discussed the final stages of the Bitcoin correction. In that analysis I was expecting the end stage of the correction of Bitcoin, mainly because it had served its days of the 65-daily cycle. Never did i expect the following events though. The course I expected was failry simple: - Bitcoin will find support on the horizontal line, and go sideways from there. - Once out of the channel, we would shoot up again. What actually happened was: - Bitcoin broke support - Crashed down to our last resort support - Came back up as if the crash never happened The current state at the end of the day is: - Bitcoin is following our plan, but more explosive than expected. - Bitcoin is back in the red resistance zone. Breaking this one would give us a target of 28k. - I'm bullish!
COINBASE:BTCUSDLong
by FetchTeam
Bitcoin Last Hasbullas Pump Before Downside NukeBitcoin retraced to the upside ~22300 over the weekend to liquidate all those high leverage shorters + performing a SL hunt Right now its holding the price for more LONGs to build in order to liquidate them. depending on traditional markets (SPX) we could get a counter trend rally to the upside (~4000) which btc will follow that gives bears another chance for a good short position. KEEP in mind the market in general is in denial so any upside move considered a fake move and will follow with a major down side move Thanks for all the support
Short
by pcmonk
1
Bitcoin- Back above support. I'm not bullish thoughAfter the recent high at 25k, bitcoin has started to drop and last week it also fell below the support level in the 21k area. However, this was a short-lived spike and now the price is back above again. Although technically this could be an indication of reversal, with the problems from the financial market, I don't expect much continuation to the upside. A new drop under 21.500 would put strong selling pressure on the price and 18k support zone could be bears target. I'm looking to sell
BITSTAMP:BTCUSDShort
by Mihai_Iacob
45
#Bitcoin Reverses Losses, Blasts Above $21.5kPast Performance of Bitcoin Bitcoin is higher at spot rates, adding roughly 13% in the past two days. For this development, buyers are back in charge and bulls have reversed last week’s losses. Still, it is important to note that in less than two weeks, BTC is down over 15% despite buyers being dominant from a top-down preview. #Bitcoin Technical Analysis Overall, BTC bears are in a commanding position, especially if prices remain above $21.5k. Notice that the coin has reversed last week’s losses following a bear breakout formation after sharp losses on March 3 was confirmed on March 9. Given the setup and recent expansion, there could be more gains in the short term. Therefore, aggressive traders can look to load on every attempt lower as long as prices are above $21.5k targeting $25k in the immediate term. On the lower end, primary support lies at $19.7k, a support zone flashing with the 61.8% Fibonacci retracement level of the December to February 2023 trade range. What to Expect From #BTC? Bulls are in the driving seat, but this can quickly change should BTC prices contract below 21.5k. The primary support in the near term is $19.7k, a critical reaction line traders should closely watch. Sharp losses below this line will cancel out the bullish preview. Resistance level to watch out for: $25k Support level to watch out for: $21.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer