BTCUSDT Price PredictionAs BTC on 4h timeframe has broken back above a key level of structure (highlighted as green) and is currently retesting it as support, a rally to the next supply zone around 30000 mark (highlighted in red) could be expected.
Btcanalysis
BTC/USDT Binance BINANCE:BTCUSDT Binance
4H hollow candlesticks
After the price breakout, we saw an all-time high (ATH) at $31000.
The beginning of the Support area, results from the extension of the upper point of the first Fibonacci retracement, combined with the extension of the golden ratio of the second Fibonacci retracement.
It seems that an uptrend parallel channel has been formed.
Conclusion:
The price is expected to fluctuate, within the uptrend parallel channel and the Support & Resistance areas.
Bitcoin Price (BTC) = $30.460,23 -0.84%
= 14.47 ETH -0.67%
Market Cap: 278.166.387.330
24h Vol: $47.878.436.872
Dominance: BTC: 46.1%
ETH: 19.8%
Good Luck
#CryptoHellas Team
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this BITCOIN /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin After finding support at the 50-day moving average of around the price started a steady increase, aiming to cross the $30K area for the second time. However, bitcoin failed to overcome this important resistance area, resulting in a slight decline.
Nevertheless, BTC price is currently consolidating within a tight range of the 50-day moving average at $28K and $30K.
A breakout beyond the $30K area would significantly impact market sentiment, as it is a key psychological resistance. Conversely, a drop below the 50-day moving average could result in volatility and consolidation in the lower price ranges.
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Bitcoin- Bulls should watch 28500 zone carefulyAfter the recent top of around 31k, Bitcoin has started to correct the strong bull run that started at the beginning of 2023 and has dropped to 27k.
Big volatility followed and now bulls are trying to recover the lost ground.
However, the recent rise from 27500 is not very convincing and the pattern resembles a rising wedge.
A drop under 28500 would expose the 27k zone, but more importantly, would put pressure on the downside and could announce a top at 31k.
On the other hand, if bulls reconquer 30k a new high could follow.
From a speculative perspective is better to wait and see.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) rebounded on Wednesday as all attention in the market turned to today's Federal Reserve rate decision.
After a low of 27,935.73 on Tuesday, BTC/USD rose to a high of 28,881.30 earlier in the day.
This came after Bitcoin rejected a breakout below its long-term floor at 27,600 to start the week.
Overall, momentum is little changed, as the 10-day (red) moving average has moved closer to its 25-day (blue) counterpart.
Should this crossover to the upside occur, it could be a sign that the bulls need to increase the pressure, potentially taking BTC above 30,000.
For this to happen, the Relative Strength Index (RSI) must first cross the ceiling of the 52.00 mark.
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BTC.D corrective move and subsequent growthHello analysts 🙋
btc.d chart has been inside a prz zone for a long time and seems to have a correction to the middle of the channel and then continue to grow.
What do you think, comment me your opinion 💡🤘
$BTC Daily UpdateCRYPTOCAP:BTC #BTC HKEX:28 ,298 support in effect, HKEX:28 ,781 resisting as expected. Last 4H closed bearish. HKEX:29 ,199 support must be regained, Watch given S/R
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) continued to trade lower on Monday, as markets consolidated ahead of a pivotal week of economic events.
Following a high of 29,952.03 on Sunday, BTC/USD slipped to an intraday low of 28,360.50 earlier today.
This move saw Bitcoin briefly fall below a critical support point at 28,500, hitting its lowest point since April 27.
Overall, bitcoin remains nearly 4% higher than at the same point last week, when prices were close to the 27,000 mark.
As a result of today’s sell-off, the relative strength index (RSI) has dropped to a floor of its own at 50.00.
The index is now tracking at 50.09, with BTC rebounding from its earlier low, and currently trading at 28,591.66.
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC Dived to HKEX:28 ,298 breaking HKEX:29 ,199 support. Should be able to hold HKEX:28 ,298 support. Today's daily candle following up gravestone doji from last 1D close. Initial resistance HKEX:28 ,781.
BTC SHORT or LONG ?!Hi guys.
If price brake the RED TREND we have a bearish price for to TP.
But if price back and going to brake green trend we have bullish price and the tp is 30250 to 30450
my idea is short
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) After the uptrend, bitcoin reached the crucial $30K resistance level and failed to sustain above. However, after a short-term correction phase that resulted in a 14% drop, bitcoin found support at the 50-day EMA at $27.3K.
This has prompted another uptrend, which provides a positive signal for the overall outlook of the cryptocurrency, indicating that the bulls are in control. However, BTC is currently facing an important and decisive resistance level at the $30K price area and it is attempting to break out of it.
If successful, it could start a strong bullish rally towards the $40K price channel. On the other hand, if the price fails to overcome this crucial level, a double-top pattern will form, potentially leading to another bearish leg.
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC Struggling to hold HKEX:29 ,483 support, HKEX:29 ,199 support holding. 1D closed very good, a good follow thru can send to test HKEX:30 ,002.
BTCUSDT Price PredictionAs we can see on the 4h chart a down spike that overshot the upper bollinger band has been followed by a deep correction which failed to reach the upper bollinger band.
A second sell off is expected to test the low of the spike and/or the lower bollinger band.
A conservative and safe target could be the level of structure along the way which has been shown by the yellow rectangle.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) There was a strong rebound on Wednesday, as markets reacted to the news that deposits at First Republic Bank fell by 100 billion last month.
BTC/USD rose to a peak of 29,121.97 earlier in today's session, following a low of 27,217.17 the day before.
This move has pushed Bitcoin to its highest point in the past seven days when it was trading above 30,000.
Overall, prices turned bullish as bulls rejected a breakout below long-term support near 27,000 on Tuesday.
The Relative Strength Index (RSI) also bounced off its own floor at 44.00 and is now tracking at 54.09.
The ceiling of 55.00 could act as a checkpoint for the bulls, and if they go beyond it, there is a strong possibility that BTC could climb to 30,000.
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$BTC Daily UpdateCRYPTOCAP:BTC #BTC Not looking good on current 4H, HKEX:29 ,483 resisting, Current support at HKEX:28 ,781. Saved on last 1D close. HKEX:29 ,483 support needed to retest HKEX:30 ,002.
BTC will have another dropHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$BTC long from hereBitcoin is resurging after the wall street turns red.
It has done a great job in acting as a safe heaven asset even leaving the gold behind.
BTC activity is picking up and if SPX goes below 4,000 level, we could see bitcoin back up above the 30k level.
#BTC next target is 34k!#BTC UPDATE
BTC is making this bullish flag pattern and is currently at the lower level of this pattern and is at 200MA support.
(Basic info about the pattern)
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
According to the pattern we can expect a 12% bounce after the break out of this pattern which is around 34k.
RSI is showing some bullish divergence moves in the short term.
Stay tuned I will keep updating
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) is on the brink of registering a downward crossover of its 10-day (red) and 25-day (blue) moving averages.
A recent downtrend, which today pushed BTC/USD to an intraday low of 27,192.03, has also led to an overall shift in market momentum.
This latest low in Bitcoin comes less than a day after the world’s largest cryptocurrency traded at a high of 27,979.98.
Overall, BTC is trading over 7% lower than at the same point last week, when the price was above 30,000.
In addition to the potential crossover of moving averages, the 14-day relative strength index (RSI) continues to hover close to a floor at 42.00.
At the time of writing, the index is tracking at 44.11, with BTC trading at 27,550.00.
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Bitcoin: Little risk to the downsideJust a few percent below the current price is the 200 weekly average (green). The 111 MA also rises steeply and will provide additional support.
Possibly, the end of April and May will still be quite quiet with slightly falling or sideways running prices.
This calms the emotions in the market and provides fuel for further rising prices.
The Bitcoin SOPR continues to hover above 1. The value of 1 serves as support, which suggests a continued uptrend.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC HKEX:27 ,994 resisting as of now, support at HKEX:27 ,478. Bullish engulfing on last 4H close, current 4H looks fine with 28 mins left to close, HKEX:26 ,650- HKEX:26 ,333 test possible if breaks HKEX:26 ,963. HKEX:28 ,298- HKEX:28 ,590 next resistance area to watch
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) moved lower for a third consecutive session on Friday, as prices slipped below the 28,000 mark.
Following a high of 28,906.25 on Thursday, BTC/USD dropped to an intraday low of 27,855.96 earlier in the day.
As a result of this move, bitcoin fell to its weakest point since April 9, which was the last time price hit a floor of 27,800.
Since nearing this point, BTC bulls have reentered the market, and have pushed prices back above 28,000.
One of the catalysts for today’s drop came as the 14-day relative strength index (RSI) fell to a floor of its own at 46.00.
The index has marginally risen from this low and is tracking at 46.35 when writing.
I have tried to bring the best possible outcome to this chart.
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