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Bitcoinanalysis

Bitcoin setting up for a new continuation?Today’s focus Bitcoin Pattern Trend Continuation Possible targets 31,000 – 31,700 – 32,000 Resistance 30,500 Indicator support – EMA solid up slope CCI close a to 0 bounce After a solid pullback to start the week, buyers charged back into Bitcoin on Tuesday, pulling back all of that session's losses. It was a solid move that kicked into gear once sellers broke 30,000 to the downside. Despite the bullish push, buyers where once again stopped at the 30,500 area. Today sellers remain in control, but we are wondering if they can regain control and make a new push at resistance. A test and break could set up a new trend continuation trigger, and we would like to see this year's high and above tested if that happens. The EMA continues to support the trend with a solid slope upwards, and the CCI came close to testing the 0 line. We would like to see the CCI move back into the oversold with a new move higher, but price is the prime focus in confirming the move. If price moves back below 30,000 today or tomorrow, this would be a worry, and it could show buyer momentum might not be that strong. We would prefer to see yesterday’s high broken today. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:BTCUSDLong
by Eightcap
#Bitcoin Cracks Emerging, BTC Bull Run Coming To An End?Past Performance of Bitcoin Bitcoin prices are melting at spot rates. The disintegration of April 17 is noticeable and wide-ranging. Since it is a bearish engulfing bar, dropping below April 10 bull bar with decent participation, the bullish preview has been nullified, and sellers appear to be in control. This follows the consolidation and divergence from the upper BB, suggesting a dropping upside momentum. Since prices are below $30k, a psychological reaction line, and the uptrend is stretched, today’s close can determine whether bulls’ resilience will be broken. Ideally, any close below FWB:29K by today’s close will be a big blow for optimistic traders. #Bitcoin Technical Analysis Presently, the April 17 bear bar is engulfing. It noticeably prints after buyers’ momentum fizzled out, resulting in the pin bar on April 14. Since prices over the weekend didn’t edge higher above FWB:31K , instead contracting inside the pin bar, sellers could be taking over. Accordingly, traders can look for entries to short with targets at February highs at around $28.6k and, later, March 22 lows at $26.5k. This preview will be nullified should there be a sharp expansion above FWB:31K with expanding volumes. What to Expect from #BTC? After an impressive surge from December, bulls are struggling. The momentum is falling, and buyers appear to be taking their profits. Yesterday’s bar follows the pin bar of April 11. As it is, traders can unwind their longs, especially if today closes even lower. Resistance level to watch out for: FWB:31K Support level to watch out for: $28.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
BTC Bearish Sentiment Shows Possible Reversal!Bitcoin is in a big rising broadening wedge from 15K and Also the price movement is EXACTLY the same way that it did at All Time High before crash (purpele rectangle pattern) I've analysed the purple rectangle candle by candly in the video and to my surprise its literally the same movement DXY showing Bullish sentiment (forgot to mention the engulfing candle on daily) and SPX showing top sign with possible pullback Please support my channel by Follow,Boost,Comment
Short
by pcmonk
#Bitcoin Retraces, BTC bullish above $29.6kPast Performance of Bitcoin Bitcoin prices remain higher when writing, steadying above $30k as buyers soak in selling pressure on April 14. Then, bears were in control as a pin bar formed. Looking at the chart, the failure of buyers to press lower on April 15 and 16 below $30k means the uptrend momentum is high. There could be more gains towards $32k and $35k in the sessions ahead. #Bitcoin Technical Analysis BTC is within a bullish breakout formation, surging above the rising channel. Since the bull bar of April 10 is with rising volumes and subsequent bars are relatively higher, above FWB:29K , every low is a loading opportunity. Traders can look for entries above the April 10 highs of $26.5k, with the next target at $32k and later $35k, marking January 2022 lows. What to Expect from #BTC? Traders are confident despite the current contraction. The rejection of prices below $30k over the weekend cements this bullish preview. As such, market participants can look for entries on every dip, targeting last week's highs, $32k, and other key reaction points in the short to medium term. Resistance level to watch out for: $32k Support level to watch out for: $29.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Bulls Firm, Next Target $32k?Past Performance of Bitcoin Bitcoin broke off higher on April 13, looking at the performance in the daily chart. Overall, the uptrend remains. Prices are trending above $30k, a psychological level. Support remains at FWB:29K , marking March highs. Since BTC is within a bullish breakout formation above the rising channel, every dip may offer entries for optimistic buyers. #Bitcoin Technical Analysis Although volumes are low, BTC buyers are resilient, rejecting the bears of April 12, looking at the performance in the daily chart. Besides, prices are firm above $30k as bars align along the upper BB. This may suggest that the underlying momentum is high and may prop buyers aiming for even more gains in the days ahead. Notice that the BTC upward structure is still valid. Presently, prices are above the rising channel and primary support at around $29.3k. At this pace, buyers should target $32k in subsequent sessions as the bulls of Q1 2023 flow back. What to Expect from #BTC? The rejection of lower lows on April 13 and the alignment of prices with the bull bars of April 10 means the uptrend is still valid. As such, BTC could still soar to new H2 2023 highs if prices are above FWB:29K in the sessions ahead. Resistance level to watch out for: $32k Support level to watch out for: FWB:29K Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
BITCOIN BTC Bearish Possibility, Not Much To See Here!Has BTC exhausted its recent rally? Top has rounded and formed, Making lower lows and lower highs, Hitting key resistance, Has failed to sustain 50K, Momentum indicators divergent, and could be following my wave analysis for a pullback. Still need to see price break 46.5k, 42k and 37k in my humble opinion. After that not much stopping it other than 23k and 16.5k Just a simple idea analysis. Not much to see here. Always be ready for any scenario!
BITFINEX:BTCUSDShort
by bhill
2
BTCUSD: 50% Fibo retracement as target?In the last analysis, I already mentioned 40k as a possible price target. Coincidentally, at 42k lies the 50 Fibonacci retracement, which at the same time corresponds exactly to the striking high of January 8, 2021. The high of January 8, 2021 is so important because very many onchain indicators measured maximum overheating on that date. The January 8, 2021 high or 50 Fibo retracement is unlikely to be easily broken. A retest to the 200 weekly moving average (green curve) is then possible. The area around 35000 USD can also be considered as an intermediate target. The area must be exceeded to reach 40 to 42k USD.
BITFINEX:BTCUSD
by algoros
#Bitcoin Stagnates But Uptrend Remains above $29kPast Performance of Bitcoin The daily chart shows that Bitcoin prices are higher but remain under pressure. For example, on April 12, prices were generally lower, around the $30k level. Even so, the uptrend remains, and the bullish breakout pattern set in motion on April 10 is still valid. Accordingly, as long as prices are above FWB:29K , buyers have the upper hand, and there could be more room for expansion in the days ahead. For now, whether prices will edge lower in a retest or not will determine the speed at which bulls will push the coin higher in sessions ahead. #Bitcoin Technical Analysis Buyers from mid-March 2023 are still in charge despite the contraction of April 12. A noteworthy observation is that prices are still trending above the rising channel, and FWB:29K remains a critical support and reaction point. Therefore, provided the contraction is with light volumes and prices are above FWB:29K , buyers can look to double down, aligning with buyers of April 10. This is valid from an effort versus result perspective, permitting optimistic buyers to load on dips targeting $32k or better. Conversely, this preview will be null should BTC drop sharply below FWB:29K , even rewinding gains of the anchor bar of April 10. What to Expect from #BTC? For now, aggressive traders can buy on dips if prices are above FWB:29K and, ideally, April 10 lows. There could be more room for growth in the sessions ahead, provided buyers successfully soak in selling pressure and reject yesterday's bears. Resistance level to watch out for: $32k Support level to watch out for: 29k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Bitcoin Pattern At The Start Of A Catastraphic Down Move!*Disclaimer: Not Financial Advice* IMPORTANT: By Now We have quadruple bearish RSI divergence and double bearish divergence on Stoch RSI BTC all time high pattern is repeating right now (purple rectangle) I've talked about it in video - EVEN the divergence are the same. DXY Broke the descending wedge and is consolidating , with todays news it could surge up which will follow in BTC,SPX,NQ1 sell off *Strongly Encourage to watch this until the end* PLEASE consider SUPPORTING Me by Boost,Follow,Comment and Sharing-
BINANCE:BTCUSD.PShort
by pcmonk
#Bitcoin Pierces $29k, BTC Uptrend of Q1 2023 ResumesPast Performance of Bitcoin After roughly three weeks of sideways movement, Bitcoin prices broke higher on April 10. There are hints of strength, reading from the performance in the daily chart. Per the current layout, traders can look to load the dips and align with the primary trend established in Q1 2023. Currently, bulls have broken above the resistance at March highs. The BTC rally aims for $32k as the trend established from December 2022 continues in April 2023. #Bitcoin Price Analysis Buyers are in control and trading above $30k, above critical liquidation levels in March 2023. Besides, trading volumes are expanding, meaning momentum is picking up. In this formation, buyers of March 17 are flowing back and solidifying the uptrend. Therefore, from an effort versus result perspective, traders can load the dips whilst targeting $32k in the subsequent few sessions. Interestingly, from the daily chart, trading volumes are high, meaning there is participation from traders, a development that can inject more momentum. What to Expect from #BTC? Participation is rising and coincides with the upswing, supporting buyers. As it is, every low may offer entries for aggressive traders targeting $32k or better. This preview will hold as long as BTC is above the middle BB and $27.8k or April 9 lows. Resistance level to watch out for: $32k Support level to watch out for: $27.8k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Bitcoin Remains Stuck, Bulls Fail To Break $29kPast Performance of Bitcoin Bitcoin prices are relatively lower when writing, reading from the performance in the daily chart. Even though the buyers have the upper hand, the failure of prices to edge higher over the weekend should be a concern. Already, candlestick arrangement and volume analysis show that momentum is waning. However, while this exists, it is until there is a sharp breakout above the current trade range for the trend to be established. #Bitcoin Technical Analysis Prices remain unchanged, and trading volumes are subdued when writing. At the same time, BTC is within a tight range broadly defined within a rising channel. Even though the uptrend remains and prices remain within a wedge of a predominantly bullish formation, traders can only commit after prices break above key reaction levels. In the short term, the main buy trigger will be at March 2023 highs, while support lies at March 22 lows at around $26.6k. Traders can stay on the sidelines until there is a swing in either direction. What to Expect from #BTC? Buyers are confident of what lies ahead. However, as it is, the uptrend remains subdued, and buyers are struggling to maintain the upside momentum. Resistance is at FWB:29K , while support is at the base of the high-volume bear candlestick of March 22. Resistance level to watch out for: FWB:29K Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Stagnates, Will Bulls Keep Prices above $26.6k?Past Performance of Bitcoin Bitcoin prices are drab when writing, confined within a tight trade range at around $28k. This is despite the primary trend being bullish. As it is, traders should wait for a clear trend definition before aligning with the emerging trend. Until there is a sharp, high volume close above $29k, bears might flow back and press prices lower. #Bitcoin Technical Analysis The path of least resistance is northwards, reading from the formation in the daily chart. Still, there are concerns about the validity of the uptrend and whether buyers will continue maintaining the same upside momentum as of mid-March 2023. The chart shows that buying pressure is waning as participation levels taper, an indicator of cautious traders. Therefore, unless there are breakouts in either direction, above $29k or below $26.6k, conservative traders can stay on the sidelines until there is a trend definition. The immediate term, for now, is anchored on the March 29 bull bar. Although volumes are comparatively low, the trend favors bulls from an effort versus result perspective. What to Expect from #BTC? Traders are optimistic about BTC's prospects. Though the current accumulation might draw momentum, weakening the uptrend, there are clear indicators that buyers still have strength. Still, resistance and support levels remain evident in the short term since prices have stagnated for the past two weeks. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Sideways Movement Continues, Upside Momentum DroppingPast Performance of Bitcoin Bitcoin prices remain firm at spot rates but flat in lower time frames. Even though traders are upbeat, wanting BTC to push higher to new territories, the coin's failure to break above immediate resistance lines is challenging. The coin has a liquidation line at $29k, marking March highs. On the lower end, support is at around $26.6k, with the rising channel a formation to consider for traders waiting for a breakout formation. If anything, any spike or dump below any of the levels mentioned above may trigger a rally or sell-off, shaping the coin's short-term trend. #Bitcoin Technical Analysis From the daily chart, yesterday's bar closed as a mixed bar. There is equal buying and selling pressure, an indicator that traders are well-matched. Still, this doesn't break the dominant formation, which is bullish. The drop in momentum means volatility is also low, explaining the tightening Bollinger Bands, which might form a squeeze. Optimistic and conservative traders can steer clear until there is a close above $29.3k, possibly opening the door for $32k or better. On the reverse side, losses below the March 29 bull bar, the rising channel, and ideally $26.6k will swing the medium-term trend to bearish in a contraction after a solid performance in Q1 2023. What to Expect from #BTC? The horizontal, low-participation consolidation continues as yesterdays far closed lower in a well-balanced bar. Technically, the uptrend remains, but there are lower lows relative to the upper BB, signaling weakness and low momentum. Whether buyers will be sustained depends on how prices break out going forward. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Trading Volumes Low as BTC Upside Limited at $29kPast Performance of Bitcoin Bitcoin prices are volatile when writing and within a consolidation defined by a rising channel with mixed bars and tapering upside momentum. The overall trend, from the medium to long term, is bullish. This could change should there be a sell-off confirming bears of early this week. The uptrend remains provided prices are trending above $26.6k while there must be convincing, high-volume gains above $29k for the uptrend to be valid. In that event, BTC may explode to above $32k and other critical resistance levels, confirming buyers of the better part of Q1 2023. #Bitcoin Technical Analysis Buyers are confident of what lies ahead. But whether the uptrend will continue depends on the reaction between $26.6k and $29k. Prices are boxed within a rising channel, evident in the daily chart. For the uptrend to be validated, there must be a convincing breakout at the back of expanding volumes. The drop in trading volumes has been notable in the past few weeks, an indicator of disinterest from market participants. If there is a push above the March high and $29.3k with the same rigor as the March 13 bull bar, BTC may easily glide higher. As it is, traders should watch out for a definitive breakout before committing, aware that losses below $26.6k may quickly see BTC drop to $24k or lower. What to Expect From #BTC? The uptrend remains, but sellers appear adamant, rejecting attempts for higher highs. As such, from the daily chart, prices are moving horizontally. Still, considering the positive correlation with ETH, BTC could rise in the sessions ahead, even breaking above $29k in a buy trend continuation pattern. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
[Bitcoin] ready to rise againDespite the FTX affair wich caused a new low, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - end of the big falling wedge (throwback completed) - new small falling wedge (dashed lines) - historical technical supports (Price, MACD, Disparity index) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) - reversal signal (Network Value to Transactions ratio) Of course, in the event of another major crisis, BTC will fall sharply again.
Long
by Bitcoin_Weather
6
#Bitcoin Tethered To $28k as BTC Trading Volumes ShrinkPast Performance of Bitcoin Bitcoin prices are relatively steady when writing, tethered to $28k, but the uptrend remains. Even though buyers are upbeat, the failure of buyers to push above the immediate resistance level at $29k is a concern. As laid out before, whether BTC will rally or dump depends on the reaction at $29k, marking Q1 2023 highs; and $26.6k in the near term. These are critical reaction levels that traders should watch out for as price action either aligns with the dominant trend from December to March, or dips in line with the bar of March 22. #Bitcoin Technical Analysis Overall, traders are confident, looking at the development in the daily chart. There are lower lows relative to the upper BB, signaling waning momentum. This already shows, considering the light trading volumes of the past few trading days. At the same time, the failure of bulls to invalidate sellers means bears stand a chance especially if today ends up lower. For now, traders can wait for a clear trend definition, aware that any upswing above $29k may see BTC tear higher to $32k in a buy trend continuation formation. What to Expect From #BTC? The uptrend remains despite decreasing volumes and waning upside momentum. Immediate support remains at $26.6k, and should sellers of March 22 flow back, BTC may crack to retest February 2023 highs at around $25k. In that case, the uptrend will be nullified. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Bitcoin Falls Back From $29k, but Uptrend RemainsPast Performance of Bitcoin Bitcoin prices are firm, at least from the top-down preview. However, in the immediate term, the coin is struggling to cover more ground. From the daily chart, there are lower lows relative to the upper BB, suggesting waning upside momentum. For the uptrend to remain, the coin should rally above $29k. On the lower end, losses below $26.6k and the rising channel may be a reason for concern. #Bitcoin Technical Analysis Gains in Q1 2023 were impressive as the coin recovered from 2022 pits. This uptrend will likely continue in the sessions ahead. However, a correction will be inevitable after sharp expansions in the past three months. Considering the consolidation along a rising channel and the failure of buyers to close above $29k convincingly, traders should watch out. Support lies at $26.6k, which, if broken, may see BTC drop to $24k. What to Expect From #BTC? BTC is solid, even though the upside momentum is fizzling. Resistance remains at $29k, but if $26.6k fails, at the back of expanding volumes, the coin may slip back to February highs in a welcomed retest. Resistance level to watch out for: $29k Support level to watch out for: $26.6k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer