Bitcoin to 21kThe weekly chart does not look good for Bitcoin. Now that we have only one more day in this weekly candle, I highly doubt that it will end up in the green. This basically means that the candle is going to close below resistance.
If that is the case, then I am most certain that the most recent daily cycle top happened at day 12 of this current cycle. This means that Bitcoin is most likely going to experience a decline in september and at least for the first half of oktober.
This could be a good entry for the folks who missed out on the 15k lows of December last year.
Bitcoinpriceprediction
BTC forecast | JPM analysts foresee a stabilizing crypto marketAfter the last price target was reached:
Now per a Bloomberg report, analysts from JPMorgan Chase, including Nikolaos Panigirtzoglou, have recently published a research note indicating that the cryptocurrency market is poised to find stability in the coming time.
The report attributes this prediction to a reduction in the open interest of CME Bitcoin futures contracts, a typical sign of a diminishing price momentum.
The analysts are of the opinion that the recent downturn in the cryptocurrency market, marked by a nearly 12% decrease in Bitcoin's price over the last fortnight, is approaching its conclusion.
In the past, when banks were pessimistic about crypto, it was a good time to buy. When they are optimistic, they aim to trap retail investors at higher prices.
I don't foresee a stabilization in the price of Bitcoin until it reaches a stronger support, such as $23,900.
Looking forward to read your opinion about it.
#Bitcoin - thoughts out loud #4Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
Local distribution is not yet complete. After a sharp price drop, the instrument generates a margin. There is no culmination of sales, so the possible momentum is even lower. If there is no final impulse, then an upward movement is inevitable.
The mood is positive, waiting for the asset to gain.
Thank you for your attention, and a special thanks for your likes and comments.
Sometimes you win/sometimes you learn.
#Bitcoin
bitcoin predictionBitcoin is currently in an 'C' upward trend.
Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284.
Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on.
Scenario 3: As everyone is anticipating further downside, it could actually rise up to 29000.
Bitcoin BTCUSDT Price Analysis (8h)Greetings, traders and investors!
Today, our spotlight is on Bitcoin, dissecting the 8-hour timeframe for insights.
What's caught our attention is an intriguing phenomenon - a Hidden Bullish Divergence. Let's break it down: RSI took a dip, heading into oversold territory, marking a Lower Low. Now, contrast that with BTCUSDT's price, which dropped but managed a higher low. This interplay defines Hidden Bullish Divergence.
Now, the plot thickens as we focus on a support at $25,200 . This juncture could launch a potential price recovery up to $27,700, where a dynamic resistance level awaits. It's a key zone to watch.
Amidst our optimism, a word of caution. Keep a close eye on that $25,200 support. If the price breaches it and maintains the stance below, especially on the Daily candlestick, our once-reliable support could fade.
Happy trading!
#Bitcoin - thoughts out loud #07Good evening , we are from Ukraine!
I expect further depreciation of the cryptocurrency market.
But if we see the strength of the buyer at the price of 25k, we will break through local highs. But judging by the current situation, the chart shows weakness.
That is, after exiting the trading range (breaking through local highs), we correlate the spread to the volume, which indicates a narrowing of the spread and a decrease in volume several times.
For further upward movement, we need new forces. At this time, they are absent.
Thank you all for your attention, I wish you success .
Sometimes you win /sometimes you learn .
#Bitcoin
BTC Bitcoin | SEC Delays Approval Of Ark’s Revised Bitcoin ETFThe approval process for the Ark 21Shares Bitcoin ETF listing on BZX has been delayed by the US Securities and Exchange Commission (SEC).
The SEC has initiated a postponement of its decision and has also introduced a 21-day window for the public to provide comments.
This delay is noteworthy as it represents the SEC's inaugural instance of extending the timeline for the newest set of applications for Bitcoin spot ETFs.
This situation could potentially foreshadow a comparable near-future outcome for other competing applicants.
Because of the arguments above and the lack of volume, I expect to see a retracement to $27500.
Looking forward to read your opinion about it!
#Bitcoin - thoughts out loud #3Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
The chart shows the Last Point of Resistance (LPSY) signal.
I expect the asset to rise above 32000.
Thank you for your attention, and a special thanks for your likes and comments.
Sometimes you win/sometimes you learn.
#Bitcoin
BTC performed a sweep to both side.The Move Is Today!bitcoin swept both LATE longers and Shorters. Today is for bitcoin to make its move which I think its downside towards 27.9 then holding the equilibrium around there.After that we have to be glued to the charts to figure out the next move(More Downside IMO).
Thanks for watching
IMPORTANT LEVEL FOR CRYPTO MARKET CAP!CRYPTOCAP:TOTAL 1 (2D)
Decision time for the whole of the #Crypto Market.
We have formed an Ascending Triangle currently up against heavy resistance between ~ $1.13T & $1.18T.
Break up, obviously good things to follow.
Lose the trend line and we target the red circle.
MIL:BTC EURONEXT:ALTS
#Bitcoin - thoughts out loud #18Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
30,000 was successfully reached, albeit with a slight delay. The graph shows the effort result and the volume. In the future, I expect a correction with a possible resumption of the upward movement from certain price levels. I'm targeting 29000-29100 because we need a successful test, in other words, the last point of resistance. Under other circumstances, a drop lower is possible.
Thank you for your attention, and a special thanks for your likes and comments .
Sometimes you win /sometimes you learn .
#Bitcoin
btc/usdt#Bitcoin Update:
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#Bitcoin - thoughts out loud #17Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
After the weekend, a clearer situation has been formed for our own understanding, which indicates that locally the price of the first cryptocurrency should stay above 28680, in other words, a false breakout of the lows and an additional test of floating propriety to squeeze weak hands out of the market. The target is 28680-28700, the support range from which we can see the resumption of the upward movement.
In the absence of professional buyer activity, the asset is expected to depreciate to certain price levels.
Sometimes you win/sometimes you learn.
#Bitcoin
BTC LONG #3 - SHORT TERMHave another setup here, theres a couple of entry points here, one is here on the button of the golden pocket... there is also a chance that we could see a wick down into the bright green area on h1 chart as this is a value area. So scaled positions could work great here. Targets are up at the m15 sell area in confluence with h1 fibb targets. will update in the comments.
#Bitcoin - thoughts out loud #16Good evening , we are from Ukraine!
I've been watching the chart since Friday and I can identify several key facts in favor of the long scenario:
1) there is no floating supply on the market at the moment.
2) there is no resistance above the local highs.
3) the news background is negative.
4) and most importantly, "someone unknown" is actively buying up almost the entire supply.
But there is a downside, there is a lack of results and progress on the chart, the situation should improve in the near future, or the asset will depreciate, the third is not given.
Taking these facts into account, I can only say one thing, everyone get ready, because on the 7th-8th of this month, something very incredible awaits us all.
I wish you success and all the best!
I wish everyone who reads this success and prosperity.
Sometimes you win /sometimes you learn .
#Bitcoin
#Bitcoin - thoughts out loud #15Good evening, we are from Ukraine!
At the moment, all the conditions of the setup are met.
Anyone who follows the development of events will be sincerely grateful for a like.
Just for the work done.
I wish everyone who reads this success and prosperity.
Anyone who follows the development of events will be sincerely grateful for a like.
Just for the work done.
I wish everyone who reads th is success and prosperity.
Sometimes you win/sometimes you learn.
#Bitcoin
#Bitcoin - thoughts out loud #13Good evening, we are from Ukraine!
Dear colleagues, I am glad to welcome you!
I like the situation with this instrument because it is schematically similar to the distribution phase, but there is one thing: the distribution is false and a significant markup of up to 35,000 is likely to be expected in the near future. I may be wrong, but this is my subjective vision, my thoughts out loud.
It's also worth keeping a short-case scenario in mind.
Good luck to everyone, all the best.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
#Bitcoin
BTCUSD 55 min poss. price action projection into the futureThis is the result of my analysis about the 55 min chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out
Das ist das Ergebnis meiner Analyse über den 55 min Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefällt