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BTC short term trade - Price near the critical pointHi friends. There will be a minimum of words today. The price of bitcoin has found a local bottom. Although sellers updated the local lows from June 2021, they could not maintain their advantage. In order to confidently state that the price of BTC is ready to turn around and start growing at least to $48,000-50,000 buyers must show strength in the range of $29,000 . Only after the retest of this mark - you can start buying BTC In the meantime, we offer you a potential short-term BTC trade: Entry: $31450-31900 Stop: $32866 Take profit: $28489
Short
by P_S_trade
29
#Bitcoin adds 9%, BTC Prices back above $30kPast Performance of Bitcoin The BTC price is back above $30k when writing, trackers reveal. The recovery is a shot in the arm for buyers following sharp, destabilizing losses below $28k on May 12. Sellers are still in control, but the pullback from the present reaction line could point to slowing down bears and a possibility of a higher high over the weekend. BTC is now up nine percent versus the USDT on the previous trading day. #Bitcoin Technical Analysis Overall, sellers are still in the driving seat as per the arrangement in the daily chart. Although BTC is still within a bear breakout formation, bouncing from the $29.5k and $30k support zone, the path of least resistance is southwards. The immediate cap is at $32k and later $34k. Therefore, as long as prices are below these levels, sellers have the upper hand and may liquidate, targeting this week's lows of $26.7k. On the flip side, gains above $32k, correcting the undervaluation of May 12's bar, which is below the lower BB, could see BTC inch higher to retest $34k—a relief for optimistic but shredded bulls. What to Expect from #BTC? From the daily chart, BTC buyers appear to be recovering. However, the general sentiment is still bearish. A close above $32k, reversing the losses of May 11, could embolden buyers in the immediate term. Resistance level to watch out for: $32k Support level to watch out for: $26.7k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Bulls Plugging the Drain, BTC Finds Support at $30kPast Performance of Bitcoin According to trackers, Bitcoin is back to July 2021 lows when writing, dumping double digits in the last trading week. At spot rates, BTC is bearish and retesting critical support lines. Although the coin is evidently under immense selling pressure, the rejection of lower prices on May 10 could indicate shifting trader sentiments. #Bitcoin Technical Analysis The selling momentum is intense as per the BTCUSDT candlestick arrangement in the daily chart. While the path of least resistance is southwards, the primary reaction stands at around $30k. The response at this BTC price level would shape the immediate and medium-term. Following the rejection of lower prices on May 10, there is a bullish bar with a long upper wick below the lower BB, pointing to a possible undervaluation. This could be corrected in the days ahead in a development that may offer support for BTC prices. Still, losses below $30k would place bears squarely in charge, forcing BTC to new 2022 lows. What to Expect from #BTC? Bitcoin is closely watched. Bulls appear to be plugging the drain of May 9. However, the short to medium-term price trajectories depend on the reaction at $34k—flashing with May 9's highs-- on the upside and $29.5k on the lower end. Resistance level to watch out for: $34k Support level to watch out for: $29.5k Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Bitcoin Revival, Will BTC Rise above $40.5k?Past Performance of Bitcoin The BTC price is rebounding, lifting the crypto market from the recent doldrums. When writing, BTC prices are relatively steady, in line with the recent gains as buyers appear to be preparing for a leg up. Even despite stable prices and what seems to be renewed confidence, Bitcoin remains in a trading range below the $40.5k resistance level. #Bitcoin Technical Analysis Buyers seem to be sizing up as per the development in the daily chart. If buyers take over, BTC would easily expand to $45k in a refreshing expansion. However, the path of least resistance is still southward. This forecast holds even with the bullish engulfing bar of May 4, pushing prices from around the immediate sell trigger at $37.3k. As BTCUSDT remains in a trading range, traders can wait for clear breakouts above $40.5k or $37.3k before committing. What to Expect from #BTC? Sellers are still dominant in a bear breakout formation. The sell trigger is at $37.3k—flashing with last week's lows. A dump below this mark could dash bulls' hope, possibly setting the trend for another leg down towards Q1 2022 lows. Resistance level to watch out for: $40.5k Support level to watch out for: $37.3k Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
$BTC Bullish after potential breakout and re-testBTC Successfully retested its previously broken trendline on the 12H timeframe. I expect BTC to try for 52K to 55K within a matter of weeks. Powerful reversal bar touching the now broken trendline is bullish IMO. Both RSI and CM William Vix indicate potential reversals in the market near support zones serving as a signal for potential predicting a market continuation or reversal *Disclaimer - I do not own or trade BTC personally. I do trade BTC related stocks and alt-coins. This is only my opinion based on technicals I see.
BITSTAMP:BTCUSDLong
by ShowbizzTrading
Bitcoin forecast - BTC price is preparing to increase by $42,000Hello colleagues! Unfortunately, they could not fully work in the previous days due to the war in our country. We continue to share quality information with you a nd look forward to your support! On February 23-24, the cryptocurrency market resisted. Bitcoin trading volumes have increased. On or about January 22-24, sellers attacked the $34,000 range . However, this initiative was suppressed. An important fact is that the sellers failed to update the local low from January 24 in the increased volumes of bidding. Given the fact of negative news, the Bitcoin market has survived. This means that buyers are ready to form a new wave of growth with the first goal of $42,000 . Another local confirmation of this fact will be the retest of the $36,000 mark. If in the coming days we see a light touch of sellers to the range of $36,000 it will be a good signal to enter the long position. If the first growth target is $42,000, the final one is around $46,000. We will consider an alternative scenario if the price of Bitcoin remains below $34,000.
Long
by P_S_trade
17
BITCOIN Path to 33k Double BottomGood evening everyone 😃 Just wanted to post a quick continuation to the posts that I made earlier, and specifically the two here below 👇 where I mentioned two scenarios for the BTC bottom, with this one being the more bullish one. In this scenario here I'm basically expecting a bounce in the 33k region, that would then take us to either a dead cat bounce or to new all time highs. Here in these two posts I also mention the critical areas for BTC to confirm a bull run, as well as a more bearish scenario: Post: Video: I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by DeFeye
BITCOIN What's Next? What's up Everyone! 😃 I decided to upload a couple shorter Bitcoin videos 🎬 to point out the most interesting parts out of my longer weekly update video. In this video I'm looking at the inmediate short-term future for Bitcoin on the 4h BTCUSDT chart. This is the longer video from earlier where I mention everything in this video, but also talk about other larger TF's. 👇 THANK YOU for your time! Like 👍 = 😃 Comment 📜 = 😁 Happy Trading ✌♥📈
by DeFeye
3