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Btctechnicalanalysis

BTC forecasting As we see here in our logarithmic chart, Bitcoin has been adhering to this trend line curve since its inception. Each year, the upward angle decreases, aligning with an increase in the duration of the ascent and a decrease in the percentage of the ascent. The correction occurs at an almost constant angle until it touches the bottom line. If Bitcoin continues on this path, I predict it will reach $102,000 by September of this year, then it will begin a correction with an angle similar to the past, reaching prices between $44,000 and $49,000, which are support zones.
BITSTAMP:BTCUSDLong
by TTM_2022
BTC Suprize Or Modification ? !Bitcoin at a Critical Juncture: Correction or Bullish Rebound? Bitcoin finds itself at a pivotal moment, poised for either a substantial correction or a defiant surge that could defy expectations. Scenario 1: Modification phase In this scenario, Bitcoin could embark on a downward trajectory, potentially reaching $63,400 followed by $59,900, and ultimately aiming for a target of $57,000. As evident from the chart, there are numerous support levels along the way, each with the potential to halt Bitcoin's descent and reverse its direction. However, the ultimate target remains $57,000, where a significant consolidation phase could ensue. Scenario 2: Bullish Surprise An alternative scenario presents a bullish surprise, where Bitcoin could consolidate around $66,700, gathering the necessary liquidity before making an unexpected move towards $68,900 and potentially reaching $72,000. Your Perspective Based on the current market dynamics and technical analysis, do you anticipate Bitcoin to take a short position or a long position? Disclaimer: It is crucial to emphasize that this analysis does not constitute financial advice. Cryptocurrency trading is inherently risky, and individuals should conduct thorough research and exercise due diligence before making any investment decisions.
by Crypto-Oracle1
BTC bullish patterns are printed BTC / USDT We can see BTC is finally starting to print bullish patterns 1st Pattern : Bull Flag This is strong bullish pattern and will be activated once we breakout the upper purple resistance line 2nd Pattern : Inverse H & S This potential pattern is still under formation If this pattern plays out ..,then BTC could revisit 65k-62k to form the second shoulder before next wild pump &breakout My view is bullish priority for BTC but the question is which scenario will playout ? are we going to make breakout directly or visit the lower levels first Best of wishes
Long
by Babenski
15
Important Bitcoin UpdateBTC Update in Shorter Timeframe: BTC is currently facing resistance at FWB:65K in both shorter and higher timeframes. As mentioned earlier, BTC must close above FWB:65K in a daily timeframe to sustain the rally. In this 8-hour TF chart, we can observe the significance of this resistance. If BTC manages to break and close above FWB:65K , then $70k is likely, where another resistance awaits. A rejection, on the other hand, especially in the daily TF, would be damaging to BTC and the market. Keep an eye on the FWB:65K resistance and let's see how it unfolds. Do your own research before making any decisions. Trade safely. #Cryptocurency #BTC
by Dexter_The_Trader
BTC (Bitcoin vs US Dollar) :: Super Bullish Trend Soon !!!On the monthly time frame, the RSI pattern of 2017 is repeating, which led to a great bull run. I think it needs a monthly confirmation candle to close above the $75,000 price, in such a situation, a huge bull run in crypto could start. At that time, the peak of 2013, i.e. $1,200, was a monthly major pivot, which in 2017 needed to form a monthly bullish candle to confirm the upward passage. Currently, the 2021 peak of $69,000 is a major monthly pivot and a monthly bullish candlestick above $75,000 must be closed to confirm the breakout of the 2021 peak.
CRYPTO:BTCUSDLong
by abdulghafoorjhd
Bitcoin Price UpdateBTC Update: BTC is at a crucial point of resistance. Although it bounced back from $56.5k, the danger is not yet over. The 35 EMA stands as resistance for now, and if it breaks out, then $70k could be possible. On the other hand, a rejection will likely fold the price back to $58k-$60k. In conclusion, the daily close above the 35 EMA will be a great move, and the daily close below it will continue the selling pressure. This content is for educational purposes and not financial advice. So, do your research before making any decisions. Trade safely.
by Dexter_The_Trader
BITCOIN USDBitcoin has been ranging between 60,000$ and 72,000$ for a month, in "Long" position (From now until the next three months) In the first scenario, if the $60,000 resistance is broken, it will fall to at least $40,000 to $44,000. In the second scenario, if the $73,000 support line is crossed, it will rise to at least $95,000 to $100,000. Currently, the best price to enter is $60,000 to $63,500 and in case of breaking the resistance line, the best price to enter is $40,000 to $44,000
BITSTAMP:BTCUSD
by WOLF_OK
2
Bitcoin Weekly Analysis Here's the corrected version: BTC continues to lead in this bullish market, reaching a new all-time high. Initially, we anticipated the price to target $75,000 as an algorithmic prediction, but it fell short and stopped at $73,800, likely trapping buyers who had set psychological targets for $75,000 and $80,000. The drop in BTC is healthy after the significant gains we've witnessed in this bullish trend. It seems BTC is taking a breather, with buyers who entered around $15,000 and $30,000 now taking profits to accumulate at better prices. Following the halving, predicting BTC's behavior becomes more uncertain, but historical data suggests BTC tends to reach new highs after halving events. From a technical analysis standpoint, we identify a sweet spot for accumulating BTC between $47,000 and $39,000. Breaking above $52,000 and closing above it on a weekly basis would likely propel the price to $47,000 and $42,000. In terms of market dynamics, we have significant funds from the USA, and now China is also getting involved. This suggests that BTC is unlikely to drop to low prices like last time. Best of luck to everyone, and I'll provide updates if I observe any changes in the analysis.
COINBASE:BTCUSD
by Deotrade1