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Btcpriceaction

Bitcoin Drops Over 10% After Rejection at $67,000Market Update: In the last few days, Bitcoin's price has dropped by more than 10%, following a rejection at the $67,000 level. BTC has now fallen to the critical support area at $61,000. Technical Outlook: The market is currently oversold, and there is potential for BTC to rise and test the next resistance level around $64,000. It is crucial that the $61,000 support level holds, as a break below this area could trigger a deeper decline, with the next lower range support around $57,000. #Bitcoin #BTC #CryptoUpdate #SupportLevels #Oversold #BTCPriceAction
by Richtv_official
[Tutorial] Price Action And How Can We Use It To Make MoneyWelcome to this video on Bitcoin and price action Part 1 of 3. But what exactly is price action, and how can it help you make informed trading decisions? Price action is a technique used by traders to analyze market movements based on the price and volume of a security, without relying on technical indicators or other external factors. In this video, we'll explore some of the most commonly used price action patterns in Bitcoin trading , including support and resistance levels, trend lines, candlestick patterns, price action patterns, and moving averages. We'll also discuss how to use these patterns in combination with other forms of analysis to make informed trading decisions, and how to manage risk when trading Bitcoin.
BEducation
by pcmonk
A highly plausible scenario for BTC as the leader of the marketSince there are no vivid signals that imply an imminent super bullish market, we should not expect a dramatic rise in the prices. Although US and Europe are experiencing unprecedented inflation rates and disproportionate interest rates, which apparently can cause the market to grow as well, the governmental 10 years bond yields of US, Britain, Canada and others are implying a mid-term contractionary policy of central banks. According to these facts, the possibility of mid-term fall in market outweighs any incremental scenario above 52,000 $. In a bearish situation, Market requires a trustable support area to bounce back. I, as a non-smart money, would love to believe the support area is the one which is publicly known, which is 29,000$ to 30,000$. However, Smart money usually behave quite opposite of normal people's imagination and surprisingly surprise all. Plus, we have an unfilled gap in BTC CME (BTC1) at 23,500 $ which sooner or later has to be filled. That's why a retest of 23,500 $ is not impossible at all. On the whole, since there are no certainty in financial markets analyses, which by the way this one is no exception, It's totally possible that due to unpredictable factors such as side effects of Russia-Ukraine war or Covid-19 stuff, non of this analyze or just a fraction of it would come true. Therefore for smarter people there is no rush. The more the total market cap decreases the more we accumulate. be smarter and patient.
Long
by Smarter8
The raising of interest rates VS BTC price actionHey everyone, Hope everyone is keeping well and in good health. We've seen our crypto portfolios shrink in monetary (FIAT) value. This sucks, but please refrain yourself from making emotional choices here at all times. Above illustration incorporates the recent FED rate hikes between 2015 and 2019 and what the price-action of Bitcoin was in that time period. I know the bears are trying to spread a lot of fear around J. Powell's plans. but always do your own research. Historically speaking, the FED raising interest does not have a negative effect on BTC. Last time the rates hikes began, BTC did over 40x (from around $450 to the 2018 top of nearly $20K) Everyone take care and keep healthy. Thank you for taking the time and until the next time!
BNC:BLX
by impatientmonk