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Btcshort

Bitcoin Price Prediction !!Bitcoin has been trading sideways within a broad range for an extended period, frustrating traders who have been eagerly anticipating a breakout. The current price action suggests that a significant move, either upwards or downwards, is imminent. In this analysis, we will explore two potential bearish scenarios and one bullish breakout scenario, along with key factors influencing price movements. Key Factors to Consider Declining Bitcoin Dominance: Bitcoin's dominance over the altcoin market is gradually decreasing, indicating a potential shift in investor sentiment. This could lead to a redistribution of funds across the cryptocurrency landscape. RSI Nearing Critical Zone: The Relative Strength Index (RSI) on the weekly timeframe is approaching the 70 level, which is considered a bearish zone. A break below 70, confirmed by a 4-hour candle close, could signal a significant decline in Bitcoin's price. Scenario 1: Bearish Breakdown In this scenario, Bitcoin fails to break above the current range and experiences a bearish breakdown. Rejection at 68,000: Bitcoin could face resistance at the 68,000 level, triggering a drop towards 60,000. This rejection could be due to profit-taking by traders who have accumulated at lower prices. Liquidity Vacuum at 60,000: The 60,000 zone has witnessed significant outflows, with many traders selling their Bitcoin holdings. This lack of liquidity could amplify the downward move. Further Decline to 56,700 and 52,000: If the selling pressure persists, Bitcoin could extend its decline to 56,700 and eventually reach 52,000, representing a significant bearish target. These levels have historical support and could act as potential buying zones. Scenario 2: Temporary Pullback Followed by Rebound In this alternative scenario, Bitcoin experiences a temporary pullback before resuming its upward trajectory. Retest and Consolidation at 73,800: Bitcoin could retrace to the 73,800 area, allowing whales (large cryptocurrency holders) to accumulate and prepare for a potential breakout. This consolidation phase could provide support for the price. Potential Sell-off at 73,800: Once the accumulation phase is complete, a sell-off could ensue, pushing the price back towards 60,000 and 52,000. This sell-off could be triggered by profit-taking from whales or a shift in market sentiment. Bullish Breakout: If Bitcoin manages to close a daily candle above 74,400, it could invalidate the bearish scenarios and potentially signal a breakout towards 81,000, marking the start of a new bullish cycle. This breakout could be driven by positive news, increased institutional adoption, or a surge in buying pressure. Conclusion The current price action of Bitcoin suggests a higher probability of a bearish move in the near term. The declining Bitcoin dominance, the RSI approaching the critical zone, and the historical support levels at 60,000 and 52,000 all point towards a potential downward trend. However, the possibility of a temporary pullback followed by a rebound or a bullish breakout cannot be entirely ruled out. Traders should exercise caution and carefully monitor market developments before making any trading decisions. Disclaimer: This analysis is based on technical indicators and market observations and should not be considered financial advice. Please conduct your own research and make informed trading decisions based on your risk tolerance. Which one do you like?
BINANCE:BTCUSD
by Crypto-Oracle1
#BTC/USD WEEKLY CHART UPDATE !!Hello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. BTC Weekly Update. As we can see on the weekly time frame chart, the last time BTC broke a triangle pattern followed by an all-time high, and now on the weekly chart, BTC is being seen forming a head and shoulders pattern. If the weekly chart is going well then BTC may have to take it to $31500 to become the second shoulder of the inverse head and shoulders and once BTC completes the inverse head and shoulders pattern from here we will see the upcoming halving. Before this, we will see a bullish trend in BTC. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my profit and losses. So, do your research before investing in this trade. Do hit the like button if you like it and share your charts in the comments section. Thank you.
COINBASE:BTCUSD
by CryptoSanders9563
2
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update. BTC may face rejection from 66800. 25MA is registered And yes fell back and $61000 is its support level. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
BTC/USDT 4HOUR UPDATE. Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. Looking at the chart it seems that BTC can reach $67000 from here. Strong Support for BTC Only $61000, BTC Halving Completed Just a Few Hours Ago I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC !! Adjust before HAVING zone 60,000⭐️ Smart investment, Strong finance ⭐️ CRYPTO INFORMATION: Bitcoin's price has experienced a significant decline since April 9. However, the downward trend has become more pronounced in recent days due to three primary factors. Firstly, the escalating confrontation between Iran and Israel has contributed to the market's unease. The former Mossad intelligence chief's statement suggesting a potential strike on Iran's nuclear facilities has heightened tensions and caused panic among investors. As a result, many are seeking refuge in traditional assets like gold and silver, further impacting Bitcoin's price. Secondly, Federal Reserve Chair Jerome Powell's recent hawkish stance has added to the market uncertainty. In a Tuesday announcement, Powell expressed the Fed's continued lack of confidence in inflation levels. He indicated that interest rates may remain higher for an extended period. This unexpected reversal caught the market off guard, as it had been anticipating a rate cut in June. Now, there is doubt regarding the possibility of any rate cuts in the near future. Lastly, the ongoing COVID-19 pandemic and its impact on global economies have also played a role in Bitcoin's price crash. As countries struggle to contain the virus and deal with its economic repercussions, investors are becoming increasingly cautious and seeking safer investment options. These catalysts, combined with other market factors, have contributed to the current decline in Bitcoin's price. ⭐️ Personal comments NOVA: BTC corrects around $60,000 before HAVING. Price range $50,000 - $52,000 is a good price range for the uptrend period to begin ⭐️ SET UP BTC PRICE: 🔥SELL BTC zone: $64.200 - $63.900 SL $64.700 TP1: $63.000 TP2: $61.500 TP3: $60.000 🔥 BUY BTC zone: $60.000 - $60.200 SL $59.400 TP1: $61.500 TP2: $62.200 TP3: $63.000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
3
BTC Downside Part 2 of 2 Waves to back up theory $52-32K I don't trade Elliot waves but will help define where market's heading, up, down , sideways, duh-huh Notice that on the 6hr, this chart the 50SMA crossing down again below the 200SMA, on the 5 day it's postured the other way more bullish 5 waves down, 3 corrective waves up, should be another 5 down if BTC caa'nt reclaim and hold $64.5K, top of the 3 waves, then the Add post 1 with this post and, I found another wave set in previous run, check out my TView channel Chefrusty
INDEX:BTCUSDShort
by Chefrusty
5
BTC/USDT 4HOUR UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. Looking at the chart it seems that BTC may bounce to $63000 from here. BTC had broken the old support a few hours ago and has come back above it and closed but we cannot understand this strength. The strong support for BTC is only $52000 and there is also BTC halving in the coming few hours. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
BTC/USDT 4 HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. Please share your opinion in the comment section. BTC can bounce to $ 68,100 from here and yes there is a resistance zone that has to be broken it will not be easy for BTC right now and BTC can break down from here. This chart will be invalid if BTC closes above $69000. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
1
BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. If BTC bounces from the yellow horizontal line then we can see BTC back at an all-time high. If BTC breaks down the horizontal line then we can see BTC back near $53000. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
BTC/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. There is no change in BTC, everything is normal, there is just a resistance above $72700 if it is broken then BTC will go back to its new all-time high. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC UPDATE !After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the $69,240 zone (high-risk). Target the first support level at $66,500. Target the second support level at $63,800 if the ascending trendline breaks. Important factors to consider: Market sentiment and news Volume and price action Support and resistance levels Overall market conditions Disclaimer: This is not financial advice. Always do your own research and analysis before making any trading decisions.
by Crypto-Oracle1
BTC/USDT 4HOUR CHART UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. Looking at the 4-hour chart, it seems that 21 Ma will become a good support and Bitcoin can bounce from here. If BTC breaks $66800 there could be a bounce back from near $65680 and if BTC breaks $65500 this chart will be invalidated. If BTC breaks $70300 today we could see another new ATH I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 4-HOUR update. Analysis of the 4-hour chart reveals intensified selling pressure as Bitcoin attempted to reclaim the upper boundary of the sideways wedge, corresponding to the crucial 70K resistance. This resulted in a significant bearish reversal, driving BTC’s price towards the lower trendline of the wedge, approximately at 64K, as anticipated in our last analysis. Currently, Bitcoin sellers are striving to breach the lower boundary of the sideways wedge. However, if buyers regain control and the price finds support near this crucial level, a bullish rebound towards the 70K mark could ensue. Conversely, if selling pressure persists and the price breaches the pattern’s lower boundary, an extension of the bearish retracement towards the 62K region becomes increasingly likely. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
BTC Playing Devils Advocate DOWNSIDE AND UPSIDE ANALYSIS (30m) DOWNSIDE AND UPSIDE ANALYSIS FOR BITCOIN = Recent NEW all time high - PULL BACK low - FIB EXTENTIONS on the downside AND upside - MY PERSONAL BIAS IS THAT BTC LIKELY CONTINUES MAKING NEW HIGHS - DOWN SIDE TARGETS ARE STOP LOSS'S FOR LONG/BUY/CALL TRADES (longer term) - UPSIDE TARGETS ARE FOR SHORT/SELL/PUT TRADES CURRENTLY as of END OF MARCH 2024: btc is supporting off of a 50% pull back between the previous support block that preceded the new All Time High.
INDEX:BTCUSD
by Ace_of_Waters
The story of how I caught goosebumps [BTC]I found an old post, very interesting author.... who made a post back at where 3 mountains are drawn with the caption "it so begins" and the numbers 45, 76, 8 9 10 11 12 13 if you turn it over and add. The first peak is 54, the second is 67, the third is (if you give these numbers 63, that is, 36), (if according to the alphabet 56 or 65) most likely, the distribution of bitcoin starts with 36,000 per bitcoin. If you believe this, we are already at the end where the final is taking place. It looks true, but it's all conspiracy theory (I don't know whether to believe this). I simply did not know about this theory until an acquaintance told me that he had seen it somewhere. This was very much in line with my thoughts in this post ( attached ). I got goosebumps then. I will share with my subscribers about this incident (as I find it quite interesting). But you shouldn't believe this because no one knows how it will be.....
by MyTechNAz
BTC/USDT4HOUR UPDATE. BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update. BTC is currently moving within a symmetrical triangle pattern. Presently, it is consolidating below the trendline resistance. The Ichimoku cloud and the MA 100 are serving as support levels. A decisive breakout of the triangle would confirm bullish momentum, whereas a rejection would suggest further consolidation within the triangle pattern. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC next movement. Needed correctionHey there! My previous idea was deleted by moderators. There was a bearish pennant that broke up, so now I see two ways of release. I am still expecting the 3rd wave of the ABC correctional wave, plus descending volumes and RSI moving at the top edge. And here the target I see is around $57,000, the previous support line. But another scenario is also possible if we break the previous resistance line at around $73,600, and most likely we will see a breakout. If there is no confirmation on the volumes, we will move down. What are your thoughts, guys?
BINANCE:BTCUSDShort
by SheTradesHub
1
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update. It was falling inside the descending channel. Nevertheless, the market has finally broken the higher boundary of the channel and is currently testing the 63K – 65K zone. If the level is broken, a rise towards previous highs around 74K and beyond would be imminent. Meanwhile, if the price drops back inside the channel, things could worsen as it would signal a false breakout and a fall back to the 60K level in the short term. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the BTC 1-day update. Daily chart, the price is continuously rising after bouncing off the 40K btc level. However, the market recently retreated from the 75K resistance level The 64K – 66K level is currently being tested, and if the market breaks out again, the bullish trend is likely to continue. However, further losses could lead to a drop to 60K or even lower. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1