Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has broken up through resistance at points 61400. This predicts a further rise. In case of negative reactions, there will now be support at points 61400. The currency is assessed as technically positive for the short term.
Bitcoin has broken the falling trend channel in the short term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The currency is approacing resistance at 61400 points, which may give a negative reaction. However, a break upwards through 61400 points will be a positive signal. The currency is assessed as...
In a move that highlights its unwavering commitment to Bitcoin, MicroStrategy, led by its CEO Michael Saylor, has announced a fresh $700 million debt offering to acquire more Bitcoin ( CRYPTOCAP:BTC ). This marks the second such offering in just one month as the company aggressively expands its Bitcoin holdings. Known for its bullish stance on Bitcoin,...
Several key fundamentals support a bullish outlook for BTCUSD. Increasing institutional adoption of Bitcoin as a hedge against inflation continues to drive demand. There's growing interest in Bitcoin ETFs, potentially broadening investor access. Recent political developments, such as President Biden's unexpected withdrawal from the 2024 election, have introduced...
Bitcoin is almost overbought on the 1H time-frame due to the current buying pressure but on the 1D chart it remains borderline neutral (RSI = 53.457, MACD = -719.220, ADX = 22.714) suggesting that this rally should technically still have some momentum behind it. The first notable Resistance is the 1D MA50, which should be tested today, but in our opinion will...
red lines - sell or watch zone for bull trend continuation orange lines - touch already green lines - accumulation zone (with DCA) BULLRUN confirmation after 69000 retest (at least on small tf). BEARMARKET? we don`t talk things like this here :) But personally i think that we have around 40% chance for a new low under 47000. Altcoins? other story...NOV...
Bitcoin is neutral both on its 1D technical outlook (RSI = 48.160, MACD = -1368.400, ADX = 31.563) and 1W (RSI = 48.050, MACD = 1334.200, ADX = 25.395). This strong neutrality right after the price hit and held the 1W MA50 for the second time in 30 days, technically suggests the forming of a bottom. This time the bottom was after a 0.618 Fibonacci pullback, deeper...
Bitcoin in downtrend channel and we waiting the peak point to happen briefly if big drop will happen that mean the trend is changed to downtrend. So if we break the channel down the trend confirm✅ the downtrend
Greetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a...
Objective: The goal is to take advantage of the Wave 2 correction and prepare for the upward move in Wave 3. Entry Strategy: Buy Limit Order: Place a buy limit order at 56,078.55, which is a key support level and likely the end of Wave 2. Secondary Buy Limit Order: Consider placing a secondary buy limit order at 53,485.95 in case of a deeper...
Bitcoin/USD short-term outlook: I expect Bitcoin to find a support level near $54,000 soon, as it reaches previous support, Bollinger band resistance, and the Relative strength index enters the oversold area.
BTC testing the down side of lateral range that have formulated since March 2024. (Testing the Ice) It will be positive if it is closed above 59500 on the daily time frame and the first target will be 62K IN 4 HOUR Time Frame , it has broken down trend
hello dear trader and investors This is my personal opinion about Bitcoin... The price has engulfed the previous high and formed the QM pattern in the weekly time frame... In my opinion, the next target can be made from the combination of RTM price action and harmonic patterns( ab=cd ) came to this conclusion... Considering the difficulty of the network and...
Bitcoin is below the EMA50 and EMA200 in the 4H timeframe and is trading in its descending channel. After reaching the supply range, Bitcoin has moved in its downtrend and is currently oscillating in its corner pattern In case of risk off sentiment in the US stock market or withdrawal of capital from Bitcoin ETFs today, we can witness the continuation of the...
Overall I am bullish on bitcoin but the PA is saying it’s not ready to start truly expanding higher yet. Looking for this TP and then a shift that will have us seeking new ATH.
Double top rejection rising channel breakdown if highs breakout then trade will be in valid 86/85/84/83 can test soon
In this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a...
The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020. Who we are to argue with "analysts and giants of financial thought"?) We have copied the fractal of OKX:BTCUSDT price behavior since March 2020 and applied it to the current situation. 😱 And it's a...