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Bitcoinforecast

With no reason to move up, BTC is ready to hit $16.025 levelsWith no reason to move up, BTC is getting ready to go down to retest $ 16.025 levels. What is happening in the world right now putting more and more weight on Cryptocurrencies and BTC prices: job cuts Covid is spreading like rapid fire throughout China. Ukraine War which not coming to near end. Inflation and massive energy bills with nothing supporting cryptos, BTC is consolidating between $18000 levels and above 15300, with a higher potential for a drop further towards $16,025 levels, breaking there will lead to a quick visit to $15530.
BITMEX:XBTShort
by Raniawagdy
1
Bitcoin bleeding out. Only a matter of time 🐻Pulling up the Daily chart on Bitcoin. We're currently crabbing in the 15-17K range that began in November following the FTX crash. We've since then pushed up towards 17K, with us blasting through 18K last week only to be rejected hard back down below 17K It was a pretty glorious bull trap and one that most smart money players could've seen from a mile away. We think a retest back above 17K is entirely possible, especially if we see a scam rally in equities. However, the HTF chart looks very bearish and we've been given no reason to flip our sentiment to bullish. If we get a serious leg down in equities and an SP500 touching 3200, then a 10-12K Bitcoin is the next "bottom". We've been writing on the incoming crash in both equities AND crypto the last several months, both of which have played out. We won't give ourselves too much credit though because how can anyone be bullish with FED comments and CPI where it's at? Let's see how we finish 2022. Eyes Peeled. -TucciNomics Chief Overlord, AlgoBuddy
by QuantVue
6
Can Bitcoin Break Back Above Resistance?On the BTC 4h, we can see the Wave Fusion indicator called the short perfectly at $18k. Since then, Bitcoin has broken through three major support levels. Now it's currently at resistance of $16.8k trying to break back above. Let's look at a few things: 1. The 4h RSI was oversold yesterday (last time it was oversold was Nov 21st when we started the upwards channel) 2. The MACD is starting to curve back to the upside. It hasn't confirmed, but this is a good sign that sell pressure is relieving temporarily. 3. It's tested resistance a couple times in the past 24 hours and as we know, the more you test a level, the weaker is becomes With all of this said, I'm expecting BTC to eventually break the 16.8k level, climb to 17k, then retest 16.8k where I'll be taking a long. But I'm WAITING for that confirmation first (it needs to convincingly close above the 16.8k level on the 4hr). If Bitcoin can't close above 16.8k, then I'm looking towards the 16.3k level to take my next long. If you enjoyed my TA or had any questions about the indicators I use, please leave a comment or send me a PM :)
Long
by CryptoScripts
4
Bitcoin's fall continuesIn the most recent events, Bitcoin has touched the lower levels of the resistance zones before it continued to go down. This gives us two likely scenario, both of which are indicating Bitcoin is going lower. The first one is that, from here, Bitcoin just decides to go lower, without going up again. The second scenario is that Bitcoin will make a slightly higher high, touching the upper part of the resistance zones. It is possible that we've already seen the bottom of this market. Therefore there is a possibilty that we won't see a break of the 15k support level. However, with the SPX falling, it seems more likely that the bottom is not in yet.
COINBASE:BTCUSDShort
by FetchTeam
Binance's withdrawals, FOMO, and no market bottomOver the past few days, many things have been happening in the cryptocurrency market. Binance experienced massive withdrawals of funds, exceeding $3 billion, Bitcoin jumped above 18 000$, and the FED raised interest rates by 50 basis points. However, despite many of these things, we continue to see bullish calls all over the place. We hate to do that, but once again, it is time for us to dismiss these calls for Bitcoin bottom and primary trend reversal. Yesterday’s spike above 18 000$ could result from various factors like Binance buying tokens on the market (to deliver them to people withdrawing their holdings), algorithmic buying, speculation about the pivot, and chasing the market by investors out of FOMO (fear of missing out). Whether these are real factors responsible for the price rise or not, after the FED hiked interest rates and Jerome Powell reiterated the central bank’s hawkish position, euphoria suddenly faded, and Bitcoin slumped toward 17 700$. Of course, that is no surprise to us as we repeated multiple times that there would be more economic tightening, pushing the market bottom further away. With that said, we do not believe the bottom has taken place. Indeed, we still maintain our price targets for Bitcoin at 15 000$ and 13 000$. Illustration 1.01 Illustration 1.01 shows the daily chart of BTCUSD and its retracement toward the 50-day SMA, which often coincides with strong market corrections. This level currently acts as a resistance level for the price. To support our bearish thesis, we would like to see Bitcoin hold below this level. Technical analysis Daily time frame = Neutral Weekly time frame = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
91
Bitcoin Analysis 16.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis:
by basictradingtv
16
BITCOIN 15 MIN BREAKDOWNHELLO AGAIN TRADERS, HERE IS MY MORNING BREAKDOWN Currently I see three interesting levels for us, as I wrote yesterday evening again during the Asian session there was a bigger move which however caused the market to open itself. When I look at the overnight volumes there were substantial orders around $16560 from where bitcoin fell, its first stop was around $16419 and then made a short term bottom around $16100 - $16175. Then the last orders where I see a support zone are at $15800. In between these zones as I marked in the chart on the right you can see that there is a gap of trading volume so Bitcoin just flew through there last night but the markets tend to fill these gaps back in and take orders from the top where there is liquidity. Therefore, I would say today we will go back to the $16419 level and that is where we will decide if we have made a bottom for a short-term uptrend in December at where we are currently or from $16419 to $16560 we will go into a short again. There will be very little volume in the London session at the moment, I can only go long when we get back to $16160 - $16180 from there we will bounce towards the last volume at $16419 and above, although the dollar fell on the London opening and Bitcoin didn't get much traction.
Long
by Crypto-Frantisek
5
BITCOIN 30 MIN BREAKDOWNGreetings dear traders, have a nice day Yesterday and today there was low volatility on Bitcoin which may again change the end of the weekend and the beginning of the new week in the Asian session when we see crucial short-term moves and trend setting lately Interesting on the chart for me at the moment is only one level $16945 where the short term will be decided, I would like to open short to $16500 to $16400 on a close below and there a continuation of the uptrend that is giving us the current sentiment would be much more logical
Long
by Crypto-Frantisek
9
Adding onto my BTC position from 17,350 10x leverageI am doubling my position on my trade from yesterday. My current entry price is 17,057 USDT. We'v now broken down to another major support area, but this time we see the 4-hour chart start to consolidate in many different ways. Our CM_Williams_Vix_Fix Finds Market Bottoms is showing a heavy floor. Our momentum indicators, TSI and MACD, are starting to flatten for a convergence on our 1-hour chart *chart shown is 4-hour* I may add onto this position as time goes on.
BITSTAMP:BTCUSDLong
by WatsonsView
5
BTC Downside TargetsDownside for BTC is easy to see. Lost the most recent levels and theres no support until the 14k. Wouldnt be surprised whatsoever to see lower than that with all of the CZ fud at the moment. Word on the streeet is the tether fud is also real but that comes back every season. If binance falls we will probably fall to the extremes. 5k is realistic even though people dont want to say it. Hopefully the bulls can come back and hold this thing around the 11k range. Wicking down to 6k is realistic. If the momentum is strong i would keep your eyes peeled for the 3k range of previous lows. Look for untested levels below dont be surprised if they hit. Personally 13.8k is imminent at this point. Unfortunately 6400 is the next strongest support if that is lost.
BITSTAMP:BTCUSDShort
by largepetrol
2