$BTC Daily UpdateCRYPTOCAP:BTC #BTC FTX Dump will effect the market as FUD rises, $25,806 given resistance holding strong, $25,336-$25,095 support range which will be weak against FUD, $24,129-$22,379 supports to watch
Btcforecast
$BTC Daily UpdateCRYPTOCAP:BTC #Bitcoin continues to struggle at $25,806, last 1D close looks fine, bearish engulfing on previous 4H close, volume remains weak. Spent over 10 days below $26,333 now, $27,994 key resistance, $26,963 support required to test, $25,336 current support.
$BTC Daily UpdateCRYPTOCAP:BTC testing $26,333, Previous 4h closed bearish with resistance holding good, bullish engulfing on 1D previous close, gaining $26,650 support will allow to test for $27,478. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC $25,336 support retested, struggling to regain $25,806, $27,478 support required to reattempt at $28,298. Poor volume as it was, watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC given support at $25,336 in effect, $25,336-$26,333 current range, RSI on 4H and 1D both looking poor awaiting sign of reversal here with very low volume. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC $27,994 resisted, struggling at $27,478 support. RSI on 1D looks good, Must hold $27,478 key support here, Next key resistance at $28,590. Watch given S/R
$BTC Daily updateCRYPTOCAP:BTC range maintained - almost 11 days now between $26,650-$26,963. RSI on 1D remains oversold with poor volume, needs a push to regain $26,963 support.
$BTC Daily UpdateCRYPTOCAP:BTC Given range $26,333-$25,806 remained in effect throughout the weekend, trading oversold on 1D awaiting sign of reversal here to test $26,650-$26,963. Weak on volume, Watch given support and resistance areas
$BTC Daily UpdateCRYPTOCAP:BTC $26,650 resisting, $26,333 support testing. Poor volume, Remains oversold on 1d, Requires $26,963 support.
$BTC Daily UpdateMIL:BTC Continues to move sideways as expected, given range $26,333-$25,806 remains in effect, Previous 4h closed bearish but 1D close looks good, 1D RSI oversold, Volume remains weak, no direction defined yet.
$BTC Daily UpdateCRYPTOCAP:BTC $26,333-$25,806 range in effect, given support at $25,806 holding. Previous 4h closed bearish, current 4H with possible bearish engulfing. 1D closed with bullish pin bar - Very weak volume, expecting little more sideways movement here.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $29,483 support testing as expected, Last 4h closed bearish, $29,199 support could come in effect, Weak volume, will see some struggle at $29,199-$29,483 support range.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC beautifully done! As expected tested $29,483 and attempted at $30,002, currently moving to test $29,483 support, previous 4h closed bearish expecting support test $29,483 which should hold. Beautiful follow up close on 1d. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC attempting $29,199 test, possible bullish engulfing on 4h, Beautiful previous daily close with bullish pin bar, if followed thru expected $29,483 test. Watch given S/R, current support $28,938
$BTC Daily UpdateCRYPTOCAP:BTC struggle gaining $29,199 support, $29,483 resisting, Current support at $28,938. Weak volume, average RSI on 4h and 1d, will continue sideway for short term.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $29,742 resistance in effect and testing, $29,483 support yet to be tested. Last 4h closed bearish, Bullish engulfing with bullish hammer on previous 1d close, Follow thru can help take $30,002 support.
$BTC Daily UpdateCRYPTOCAP:BTC Back on $29,199 support with bullish engulfing signaling reversal on 4h Yesterday. Avoided dump following bearish pin bar on 4h, looks good on $29,199 key support area. 1D closed with bearish pin bar, required $29,742 support.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC as expected sideways movement continues here, with given range $29,482-$30,282 remaining in effect, dump on last 4h, bearish engulfing on 1D possible, previous daily closed bearish, $29,483-$29,742 remains at high risk. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $29,742 retested following bearish 4h close as expected, 1D closed with bearish pin bar. Daily volume dropping, RSI looks fine on 4h and 1d, expecting sideways movement little bit more here, $30,282-$29,483 range.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $30,282 resisting, support at $30,002 to be tested, current 4h looking ugly, could put bullish engulfing on 1D if followed thru previous 1d close, $31,010 support is must. Watch given S/R
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $30,282 support testing, been struggling here for more than 48 hours, $30,002-$30,282 current support range. Previous daily closed neutral, could put bearish or bullish engulfing today, watch given key support areas.
$BTC cycle projection. Bottom and top targets for next 3 yrsI don't think BTC has bottomed yet. Yes, I'm one of the believers that we'll go sub $10k by March 2024.
After that though, I think the next cycle will be big taking us way over $100k price target.
I've charted out what I believe to be the bottom and top targets for this next cycle.
Let's see what happens.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $31,372 support in effect, CRYPTOCAP:XRP news gave the required push thru $31,372 yesterday, $31,861 resistance rejected, doji on last 4H, bullish engulfing 1D close requires follow up today. Next resistance $31,113. Support $31,372 looks fine, $31,010 could be key support.
