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Bitcoin (BTC/£) - Bearish Short TermKey Levels for Bitcoin, since early March BTC has been struggling to break above major resistance level at: "£57K" with 3 points of price rejection with wick contacts. £48K mark has been holding strong support for pressure for the bulls, but I still predict short term Bitcoin will try shake investors out during this halving event. Remain positive, look for opportunities to take advantage of the market sentiment. Long term is the big picture! Minor Support= £48K🟢 Line of Resistance= £57K🔴 New Support= £42K❔ ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Short
by Bitcoin_Benny
Bitcoin Cash (BCH/GBP) - Key Levels {April 2024}Weekly update for Bitcoin Cash (BCH/GBP), price has created and held a new Level of floor Support at: £421. Median will be in the range of £472, it appear BCH has had a wick rejection on the candle exactly at a major resistance level of: "£581". Long term still very bullish, but expect prices to be in consolidation of the range of inbetween: £472 - £581. Any investment that you do decide to make, especially within the Median range will be a smart decision. Target of: "£710" once bulls create an uptrend after breaking the key resistance zone. Line of Support= £421🟢 Median= £472🟠 Line of Resistance= £581🔴 Target= £710🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
Long
by Bitcoin_Benny
Bitcoin (BTC/GBP ) Bullish! - April, 7th 2024Bitcoin had broken a previous Support Level at: "£53K" which acted as a Resistance area back from April, 4th. As as result, this created an uptrend. £55.6K is now acting as a strong Resistance zone from the current dump that we've just experienced. BTC bulls have managed to push the price above £54.2K, which was a key level on multiple time intervals. For this instance, the 4-hour candles closed above this level, retest to £55.6K will happen very soon. If bulls can break this level, which wouldn't be surprising before the halving, momentum will push further past "£56.6K" with no difficulty! Line of Support= £54.2K🟢 Line of Resistance= £55.6K🔴 Target= £56.6K🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS YOU MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSS MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
Long
by Bitcoin_Benny
Bitcoin - Price Prediction (April, 4th 2024)Bitcoin has broke a resistance from the dump we was in back from past few days. BTC bulls has managed to push the hourly candles close to above the last close from yesterday! This is a bullish sign short term, the rate of Bitcoin (BTC) has risen by +2% over the last 24 hours. Key Levels: -Resistance broken at= "£53K" as show from charts -Support created at "£51K" with mutiplie bounceback's, therefore showing strong buy pressure from investors. -New Resistance to restest at= "£55.6K" area mark. On the bigger time frame, it's too early to say if the dips is over before the halving. Pay close attention to these key levels provided. However, on smaller timeframe intervals, BTC shows a recovery from a possible fakeout recently. A retest to £55K zone is possible to expect in the new few days if price continues to hold above the recent resistance level broken. Consolidation is more likely between the prices of: "£51K - £55.6K".
by Bitcoin_Benny
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