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Bitcoin Bitcoin support levels - $20,400 and $20,000 strong Support (is Ka Matlab yahan buyers hain) Bitcoin resistance - $20,800 and $21,000 strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin) Market depends upon Bitcoin movement so trade with risk management. ——————————————————————— Analysis: Bitcoin price is currently consolidating below $20,650. RSI also shows Hidden bullish divergence which is a positive sign and soon we may see some bullish movement in BTC price. The next major resistance is still near $21,000, above which the price may perhaps start a fresh surge BTC closed its daily candle red at $20,483. Manage your risk according to mentioned support & resistance levels Please be aware that the market will be volatile today as FED interest rate decision will be released at 11 PM Pakistan standard time, Exchanges will try to hunt stop loss so avoid high leverage trade. Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $1.01T, a 1.38% decrease over the last day. The total crypto market volume over the last 24 hours is $72.79B, which makes a 17.36% decrease. The total volume in DeFi is currently $3.23B, 4.44% of the total crypto market 24-hour volume. The volume of all stable coins is now $65.70B, which is 90.26% of the total crypto market 24-hour volume. Bitcoin dominance is currently 38.85%, an increase of 0.21% over the day.
by Waqar212
Generational wealth in the making - my point of viewThis is not a financial advice. This is just my playout for the BTC purchases in the next year. I've armed myself with the patience, stacking enough resources to cover my targets. My whole theory is based on negative market segment - I am counting that global financial meltdown is in front of our eyes. Taking that into account, I think some sort of revolution will play next - and my bets are on blockchain space - mostly on BTC and ETH from speculative point of view. Orange lines represents major BTC supports/resistances. Will wait till price drops to those lines and budget them as following: - Target 1 (1 BTC = 17,000 eur) - 15% of allocated funds - very likely will happen - Target 2 (1 BTC = 9,400 eur) - 35% of allocated funds - likely will happen - Target 3 (1 BTC = 4,800 eur) - 35% of allocated funds - unlikely will happen - Target 4 (1 BTC = 2,800 eur) - 15% of allocated funds - very unlikely will happen The same strategy I will put for my ETH purchases which I analyze in my other idea. The funds that remains free and do not touch certain Target from mentioned ones above, I will put according to my earlier targets after some time period. Full disclosure: THIS IS NOT A FINANCIAL ADVICE. THIS IS PURE SPECULATION FROM MY POINT OF VIEW AND MARKET KNOWLEDGE.
by CroCryptoTrader
BITCOIN: STILL UNDER PRESSURE.Hello traders, I hope you guys are enjoying your weekend. Here's a quick update on BTC in a lower timeframe. Timeframe: 6 hours. Update: In my previous daily TF update, I mentioned $23150 as a slight resistance that BTC has already crossed and so far it is still above it. Current scenario: In this 6-hour TF, BTC has not yet broken above the resistance trendline. It showed some small fakeout but the daily close dropped the price inside the trendline. According to this chart, a bullish rally towards $28k won't get approved unless BTC breaks and closes above the trendline. Until then, the chances of breaking down still continue. Key level: $24k resistance level. Conclusion: To continue a bullish rally BTC must stay above the $23k level after the weekly close. Let me know what you guys think about the market. I would like to know your opinion. Thank you and have a great hour ahead.
COINBASE:BTCUSD
by Dexter_The_Trader
10
Revised Bitcoin Trend analysis on Weekly Time frame If BTC consolidate between 28643 to 32485 and it breaks upside will lead to Target of 37900 to 38000 If BTC consolidate between 28643 to 32485 and it breaks downside 28600 It will lead to downward Journey very fast. below are downside Targets 1st 25475 2nd 19300 3rd 12900 (In case drastic changes in global environment) Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
BYBIT:BTCUSD.P
by sbkurandwad77
Which support zone does BTC have to reach on to recover up?On 5th of may bitcoin was trading at $39600.Decreasing from that point,it had fallen to the lowest of $25600 on 12th of may.this all happend between just 7 days.then,bitcoin surged a bit next day and since then bitcoin is trading between $29000 and $31000 till now.it has been seven days so far. I am not a professional trader,but according to my perspective,if bitcoin breakes the resistence of $31000 it can go back to the price of $40000.
BITSTAMP:BTCUSD
by aashumaan
1
#Bitcoin has reached 46K and even 47K. What now? #BTC is now trying to close its first full candle above bull market support band, which is now at 44.7K and also matches the 200 day EMA and the 50% Fib. Retracement traced from July 2021. We're even close to the 200 day SMA at 48.2K, which is the last moving average to conquer and just 2 days away from our yellow box, where we pointed out now weeks ago those were the dates where we could see a potential trend reversal (March 30th - April 3rd). We have multiple levels to conquer to the upside, but 2 of the most important are 50% Fib. Retracement and 50% Fib. Extension. The first one would imply an upside continuation to the prices we know from last cycle. The second one, could imply a potential new all time high coming. Now, this won't happen without corrections or retracements and that's healthy for the market. So, what do we have to watch closely now? First of all, volume. Volume Oscillator shows volume going down in the last few days, while price is going up. And that's not good, because the volume should always rise in a rallying market. If it doesn't, the chances of a bull trap increases. MACD, Stochastic and RSI: an Stochastic and RSI rise is expected during a rally, but it's much healthier if the rally occurs with these indicators outside the overbought range. Stochastic is already overbought, RSI is almost there and MACD is climbing to a potential bearish cross. Short term price action (4H and 2H charts): if we take a look at both charts we can see volume is going down pretty fast, which is no good at all. Remember: volume is the blood of the market, without enough volume, no rally is sustainable. Also, Open Interest (Cryptoquant) is now at 14.5B with a huge spike in the last days. It's not something to be concerned yet because certain rise in OI is expected, but remember: last 3 bull cycles started with OI between 5-8B and last 3 big corrections (30/50% dips) started with OI between 14-16B. Nasdaq is also something to watch, because crypto markets and tech stocks have shown a really strong correlation during the years. The thing is Nasdaq is not yet above 20W SMA or 21W EMA (bull support), but is getting there. It has a strong resistance about 14871, and bull support band is around 15000. MACD, Stochastic and RSI on Nasdaq look much better than Bitcoin's, with the RSI even in normal levels. So, what all this could mean? 1 | Although bitcoin has surpassed 46K, it's still too early to say that the bull market is back. 2 | I think it's prudent to wait at least 2/3 days to see if #BTC continues to close candles above 46K. 3 | We will likely see a correction after this "rally" today, since the volume is not following and Nasdaq still has some barriers to overcome. LAST | I think the bull market is going to arrive and maybe even on the dates indicated (yellow box) but I would wait a few more days before diving into the market. If you enjoyed this, just show your appreciation following/retweeting on Twitter, here, leaving and comment or just a like. Have a nice week,
by BlackTieCrypto
4
💥$20k BTC Is Coming...The Chart NO ONE Is Looking At💥 (Part 2)Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart! In this Part 2 of the price of Bitcoin potentially reaching the $20,000 range, I am using previous historical drops from high to low. My point here is not to say that Bitcoin will definitely reach this range, but that if historical patterns are used as a reference point, then we can see that the $20,000 range is within a realm of possibility. In case you thought you have missed the Crypto Boat, history shows you may get ONE last chance to buy Bitcoin in the low $20k range over the next several months. Patience and strategic planning will be critical to catch the opportunity. In this chart, the setup is Bitcoin on the Weekly time frame with no indicators. Of course within this downtrend, Bitcoin may have rallies to $50k or something but the strong historical evidence is that there could be a continued downtrend to the $20,000 range. The smartest way to use this potential downtrend to your advantage is to Dollar Cost Average into the market with your near term buys being smaller than your later buys. The Bitcoin price might only briefly touch these $20,000 levels as so many people would be trying to jump into the market trying to get $20,000 Bitcoin that $23,000 or $25,000 is as low as you'll see it for sale on major exchanges. What are your thoughts and opinions on this forecast? The more we all chat about this, the stronger and more profitable we can all become.
BITSTAMP:BTCUSDShort
by TheUnbounded
13
Bitcoin Prices = the $42900-$43500 range.Will It Be Respected ? We still have all day tomorrow March 10 to respect the convergence zone between published last February 28, despite the high volatility of the markets. Prices are now returning to the lower bounds of the long term and short Term of the blue moderate Flow-Lines calculated according to econophysical principles. Following the respect or not of the convergence zone calculated at the end of the last month we will then be able to establish new targets for the future. Tomorrow will be an exciting day ! What is your opinion ? Xavier
COINBASE:BTCUSDLong
by TheoKalia
Bitcoin - Important Levels :$41100-$41500 for The Next Rise...Hello, We respected the forecast made at the beginning of the week. The next important levels are those between $41170 and $41600. This area needs to hold in order to resume a sustained rise with prices hovering around the red Max flow-lines during this early March. (the slopes of these Flow-lines are calculated according to the mathematical principles of econophysics). If we break these levels and explore the time-price matrix of the red rectangle, the pace of the rise could be reduced to the long-term and short-term channels of the blue Moderate Flow lines. For the moment the time-price relationship is excellent. To be continued... Xavier
COINBASE:BTCUSDLong
by TheoKalia
bitcoin btc btcusdt Hello, dear friends. Today I will give you a very simple but practical analysis of bitcoin. Bitcoin has formed a rising flag pattern in weekly and monthly timeframes We have all seen the ups and downs of this market and we all know that bitcoin has always been bullish in the long run. Do not worry about rising US bank interest rates or a possible war between Russia and Ukraine Because even if it wants to affect the market, it is short-term and in the end no one can stop the growth of bitcoin. The current price is suitable for entry and in the view of one year, the price of Bitcoin can form an A` wave and reach a price above $ 400,000. In the next analysis, we will examine bitcoin and other digital currencies at lower times and introduce you to signals with high growth potential. If you liked the analysis, thank you for sending it to your friends as well.
Long
by Amirrezapaya
2