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#Bitcoin [ Inverted Head And Shoulders - Short Squeeze Combo ] BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily amplify the measured move, which I have extended, using the 150%-161.8% fib levels. The extension also lines right up with where all short liquidation levels end on the Coinglass heat map.
COINBASE:BTCUSDLong
by DoozerInvest
Bitcoin Hits Highest Price Since the HalvingBitcoin ( CRYPTOCAP:BTC ) has reached its highest price since the April halving event, reaching $67,422 before experiencing a slight dip. Over the past week, the cryptocurrency has risen by more than 9% and is currently priced at $66,750. Despite dropping after the halving, Bitcoin ( CRYPTOCAP:BTC ) has been steadily increasing in value, although it is still below its all-time high of $73,737. Bitcoin ( CRYPTOCAP:BTC ) dropped following the halving, a quadrennial happening baked into the coin's code, though experts told Decrypt that was to be expected. A combination of factors including geopolitical turmoil, cooling hype surrounding the new spot exchange-traded funds (ETFs), and investor uncertainty surrounding the Federal Reserve's next moves caused the virtual asset to nosedive down to under $57,000 last month. The Bitcoin ( CRYPTOCAP:BTC ) halving took place late on April 19 in the United States and led to miners having their rewards cut in half from 6.25 CRYPTOCAP:BTC to 3.125 CRYPTOCAP:BTC for each block they process. The idea is that the event will make it more difficult to make new virtual coins as time goes on. Four halvings have now taken place, and after about a year following each one, the coin has typically risen in price. Bitcoin's rise this year has mostly been thanks to new investors putting money into the asset via the new spot ETFs, which were approved in January. The investment vehicles have been massively popular, receiving billions of dollars in inflows. The Bitcoin ( CRYPTOCAP:BTC ) price has continued its bullish move today while crossing the brief $67,000 mark over the last 24 hours, as investors seem to have shifted focus on the crypto. Meanwhile, a flurry of market pundits also attribute the current surge in the BTC price to the notable inflow of the U.S. Spot Bitcoin ETF. The Bitcoin ( CRYPTOCAP:BTC ) price has gained notable traction since last year, as evidenced by a rally of over 145% over the last 12 months. Notably, the hype and approval of the U.S. Spot Bitcoin ETF seem to have bolstered the confidence of the cryptocurrency sector so far this year. Technical Outlook Bitcoin's ( CRYPTOCAP:BTC ) price is down 0.38% as of the time of writing trading at $ 66,774.74. The Daily price chart of Bitcoin ( CRYPTOCAP:BTC ) depicts a bullish flag pattern and a further move to the $72k level will accentuate the bullish flag pattern.
BINANCE:BTCUSD
by DEXWireNews
Bitcoin - Price UpdateHello Traders! Here’s a quick update on Bitcoin’s price action: Bitcoin broke out of its descending trendline last Wednesday, also confirmed by the RSI. A head and shoulders pattern has formed, indicating a potential trend reversal. Bitcoin faces strong resistance at $67,000. Breaking this level could signal a continued bullish trend. The key support is the ascending trendline in blue. Breaking and sustaining above $67,000 could lead to a stronger bullish trend. Otherwise, expect fluctuations within the current range.
by MonoCoinSignal
4
🚀Bitcoin will Go Up after Pullback🚀💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday. 💡 Bitcoin seems to be completing a pullback right now. 🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 . 📈In terms of Classic Technical Analysis , Bitcoin managed to break the resistance zone , resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern . Bitcoin seems to have increased at least to the 🎯Target🎯 of this pattern. 💡Let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart . 💡 USDT.D% seems to start falling after reaching the 🔴 Resistance zone(4.92%-4.87%) 🔴, which is in line with Bitcoin's analysis. ⚠️The scenario will change if USDT.D% can break the resistance zone⚠️.👇 🔔I expect Bitcoin to rise to the next 🔴 Resistance zone($65,700-$67,520) 🔴 after the completion of wave 4 (pullback) . ❗️⚠️Note⚠️❗️: If Bitcoin falls below the 🔴 Resistance zone($65,700-$64,180) 🔴, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 2-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
9
Bitcoin - new ATH soon. Best time to buy nowBitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price.  Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a look at the previous price action. We have a false breakout below the key levels; it was a bear trap created by market makers to get as much liquidity as possible for their huge orders, as they cannot simply do so whenever they want.  From the Elliott Wave perspective, there is nothing bearish at this moment. I see that the corrective pattern WXYXZ has been completed, and we are starting a brand new impulse wave to the upside. The next target is around 71k because we have his important red trendline, so make sure you are aware of it. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDLong
by Xanrox
43
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support. I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low. The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
Long
by FieryTrading
1
Likely Back to ATH or HigherAfter hitting a new ATH around 73k, Bitcoin re-tested the weekly close from its April 2021 high: It initially lost the 50 day EMA during this re-test, then the weekly candle bounced from this level, as the daily TF formed an HSi around the same area. This led to a recovery of and bounce off of the 50 EMA upon the re-test of the HSi's neckline. If Bitcoin can continue holding its 50 EMAf, it'll likely move back up to 73k (conservative target), and could go higher if it breaks through the red box, targeting ~75.5k. If it fails to break 73k, we could see another test of the 50 EMA and possibly 60k. If it does break 73k, we could see a longer term target of 82-83k after reaching 75.5k:
INDEX:BTCUSDLong
by dudebruhwhoa
$BTC Futures STILL better to chart vs SpotTweaked the CRYPTOCAP:BTC chart. It really needed updating. Fixed the colors too! #BTC is 2 weeks away from the end of what we called, phase 1. In my opinion, it's going to move SOON. #Bitcoin breakdown: The moving avg crossover, yellow circle, is bullish. Cyan circles show bullish signs; RSI above 50 Money Flow is above 0 ------------------------- Bonus post CRYPTOCAP:BTC derivatives vs spot - FINAL proof! (They are trading a lil closer than ever) Both #BTC RSI look identical but Futures turned bullish 1st. However, #Bitcoin $ Flow is a VERY different. Futures have been mostly NEGATIVE until yesterday! Spot has been mostly above 0 until recently!
INDEX:BTCUSD
by ROYAL_OAK_INC
BTC possible scenarios#BTC had a nice run up and currently facing a resistance at 66676$ 1. For bullish trend continuation we should see BTC breaking up above the resistance at H4 , in this case the price will pump until next resistance zone at 70887$ . 2. Otherwise, high chances to see BTC testing support zone at around 64482 - 63474, where we can look for long position. 3. Bearish scenario would be if BTC closes below 63400$ on H4 TF, in this case BTC may test one of lower levels again: 60508, 59026, 57246
by vazitrades
inverse head & shoulders or mental illnessmight be just mental illness but the orange neckline seems like the next nearest price draw. >buy now and hold. btc fundamentally not being fudded (picked up by Wisconsin, etc.) after that, a wick up. close above EQ seem unlikely UNLESS there's a major short liquidation event. >alerts on volatility. imo let it ride. once-chance-to-make-it attitude. watch alts reaction after spike. if they dump, i think they continue dumping. i.e. BTC IS KING season. if they pump with BTC and gain in terms of alt/btc, then worthwhile to attempt to bite.
Long
by ZonedOutDad
BTC - 1H Buy For ScalpersThe highlighted liquidity zone on the BTC/USDT chart represents a significant area where a concentration of pending orders has accumulated. This buildup suggests a strong potential for Bitcoin's price to gravitate towards this zone in the near future. This setup represents an excellent opportunity for scalpers and short-term traders anticipating a breakout. If you're looking to capitalize on quick swings, keep a close eye on this zone for a potential surge as Bitcoin aims to "catch the liquidity" overhead.
Long
by Sober_Trading
1
🔥 Bitcoin Inverse Head & Shoulders! New All-Time High Soon 🚀Over the last week or so I've made a few posts on Bitcoin's inverse head & shoulders pattern, which is a bullish reversal pattern. In my initial post below I expected the reversal to come in earlier, but apparently we first had to go down more before the right shoulder was completed. As of now, the H&S pattern is confirmed (unless we dump in the next ~30 min). In my eyes, this could be the start of the next leg up towards the current all-time high, and likely beyond.
Long
by FieryTrading
5
Bitcoin Surges 3.50% After Cooling US CPI Inflation DataBitcoin ( CRYPTOCAP:BTC ) price surged past $63K after the latest U.S. CPI inflation data showed a 0.3% rise in inflation, in line with market expectations. The Core CPI rose 3.6% on a YoY basis, sparking market concerns. However, investors seem to have shrugged off the inflation concerns, especially after the recent U.S. PPI data showed that inflation has soared more than expected. The latest U.S. Labor Department data showed that the U.S. Consumer Price Index (CPI) rose by 0.3% in April, lower than market expectations of 0.4%. On an unadjusted basis, the U.S. CPI advanced 3.4% on a year-over-year (YoY) basis, in line with market expectations. Simultaneously, the Core CPI, excluding food and energy prices, rose 0.3% on a monthly basis, in line with Wall Street estimates. On a YoY basis, the Core CPI jumped 3.6%, after soaring 3.8% in the prior month. Despite the inflationary pressure, investors seem to be lauding the better-than-anticipated figures. The latest U.S. PPI inflation data comes in more than the market was expecting, and Federal Reserve Chair Jerome Powell reiterated the central bank's stance with their rate hike plans. According to the CME FedWatch Tool, there is a 96.9% chance that the central bank will hold on to the current interest rate level at their upcoming June meeting. Furthermore, following the CPI data, the U.S. 10-year Bond Yield fell 2.07% to $4.354, while the U.S. Dollar Index plunged 0.42% to $104.455. Despite the spike in inflation data, investors are focusing on other areas for now. The asset is moving with a Relative Strength Index (RSI) of 51.99 which is neither overbought nor oversold. In conclusion, the Bitcoin ( CRYPTOCAP:BTC ) price has rallied after the latest CPI inflation data, with the one-day trading volume of the flagship crypto also surging 8.77% to $27.82 billion.
Long
by DEXWireNews