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Bitcoin Retraced Backup - Signaling The Next Move - Up Or Down ?Bitcoin/1H Doing a pennant The pennant after a upside move indicates a bullish pattern that could go to 30K but dont forget the ascending triangle it formed before crashed down. so this could be a jebait too. Ive talked about this in details in video Liquidation wise we have some around 27.3 (1000M) and some high leverage around 28800. Some indicators are bearish which I mentioned in Video Thank for watching and for you support
BINANCE:BTCUSD.PShort
by pcmonk
BITCOIN:Crypto Market Dips After Fed's Interest Rate HikeBitcoin and other cryptocurrencies experienced a decline on Thursday after a selloff on Wednesday, following the Federal Reserve's latest interest-rate hike. Despite the setback, cryptocurrency traders predict that the digital asset rally will continue, albeit with a temporary pause. Over the past 24 hours, the price of Bitcoin has fallen by 1.5%, reaching $27,700, dropping from the high point of $28,500 on Wednesday. However, the digital asset rebounded from the trough below $27,000 immediately after the Fed raised interest rates by a quarter of a percentage point. Wednesday's peak marked the highest level for Bitcoin since the crypto bear market accelerated last June. Prices for the largest digital asset are still up by more than two-thirds in 2023 in a rally that has spurred calls for a new bull market. Sam Yilmaz, co-founder of venture fund Bloccelerate, said, "Bitcoin's rally ahead of the Fed set us up for disappointment, and sure enough, we saw Bitcoin retreat from just shy of $29,000 after Powell's press conference. A cooling off period is overdue and allows Bitcoin and crypto to settle. I still believe Bitcoin could go to $35,000 in a matter of weeks because, put simply, price action breeds price action in crypto." Cryptocurrencies fell in line with the stock market after the Fed hiked rates. This return to Bitcoin's correlation with equities comes after weeks of outperformance. While the rate hike of 25 basis points was expected, digital assets dropped in step with the Dow Jones Industrial Average and S&P 500 as investors worried about how tightening financial conditions would continue to pressure the banking system.
COINBASE:BTCUSDLong
by FOREXN1
10
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
#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 - EITHER / OR momentHi Traders, Investors and Speculators of the Charts 📈📉 A quick update on BTC from my side. Bitcoin is facing a strong supply zone around $26K, in other words the bears are defending this zone heavily and will be looking to open shorts here. If there is enough buying pressure, ideally we want to see a candle close ABOVE this zone (turquoise trend line). Coincidentally; we're also trading right on top of the parallel resistance trendline channel : Even IF we see consolidation UNDER this zone, in other words sideways trading in a tight range right underneath the turquoise resistance zone, that would still be considered a bullish sing since it indicates that bulls are weakening the resistance zone. Interested in Ethereum and altseason? Check out this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by CryptoCheck-
4