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Btcusdanalysis

BTC Bitcoin Technical Analysis and Trade Idea👉🔍In this video, we take a close look at BTC. Recently, it experienced a strong bullish rally, but it appears to be overextended and has reached a key resistance level. Given the overextended move and significant imbalances below, I'm looking for a sell opportunity at the current level. In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
FOREXCOM:BTCUSDShort
by tradingwithanthony
4
Bitcoin's Key Moment: Will Bulls Overcome the EMA-200 Barrier?Yello, Paradisers! Do you feel the tension building in the crypto markets? 💎Since July 4th, #BTCUSDT has been battling the EMA-200 resistance level, a crucial barrier at $58,160. Breaking above this could be a significant short-term victory for the bulls, who have been held back for days. If #Bitcoin surpasses this level, the path clears up towards the descending resistance at $60,250. This is a key turning point; a strong bullish breakout here could propel the price initially towards $62,350, followed by the strong resistance levels of $64,000 and $65,480. 💎On the flip side, the EMA-250 at $55,650 serving as Bitcoin's primary support. This support is reinforced by descending supports on lower time frames, providing a sturdy foundation for Bitcoin's price. Additionally, the OBV (On-Balance Volume) indicator is at a strong support level, suggesting that the selling pressure might ease in the coming hours to days. 💎Trade smart, Paradisers! Stay disciplined and focused on your trading strategy. Your dedication and patience will set you apart in the long run. MyCryptoParadise iFeel the success🌴
COINBASE:BTCUSDLong
by MyCryptoParadise_Jack
7
Bitcoin Price Breaks $63,000 Following Assassination AttemptBitcoin Price Breaks $63,000 Following Assassination Attempt In a dramatic turn of events, the price of Bitcoin surged past $63,000 following an assassination attempt on former U.S. President Donald Trump. This unexpected spike in Bitcoin’s value has captured the attention of investors and analysts worldwide, highlighting the intricate relationship between political events and financial markets. The incident occurred during a campaign rally in Pennsylvania, where a gunman opened fire, targeting Trump. Fortunately, Trump survived the attack with minor injuries Market Analysis Analysts have linked the rising price of Bitcoin to improved odds of a Trump election victory. Trump’s pro-crypto stance has made him a preferred candidate for many Bitcoin advocates. Exchanges saw heavy trading volume as Bitcoin broke above its 200-day moving average, a technical level viewed by many as a bullish signal. Bitcoin’s recent price movement is part of a broader trend of volatility in the cryptocurrency market. Earlier this month, Bitcoin’s value had dipped to lows near $53,000 due to Mt Gox pay out and German government action with Bitcoin. However, the cryptocurrency has shown resilience, bouncing back and regaining its footing above $60,000. Investor Sentiment The assassination attempt on Trump has been described as a “black swan event” by some crypto commentators, referring to its unexpected nature and significant impact on the market. Investors are now closely watching the market to see if Bitcoin can sustain its current momentum and potentially reach new all-time highs. Future Outlook Looking ahead, the future of Bitcoin remains uncertain but promising. If Trump continues to gain political traction and maintains his pro-crypto stance, Bitcoin could see further gains. However, it’s important to note that the cryptocurrency market is inherently volatile, and external factors such as regulatory changes, technological advancements, and macroeconomic trends will continue to play a significant role in shaping Bitcoin’s trajectory. Conclusion The recent surge in Bitcoin’s price following the assassination attempt on Donald Trump underscores the complex interplay between politics and financial markets. As Bitcoin continues to evolve and gain mainstream acceptance, events like these will likely become more common, reflecting the growing influence of cryptocurrencies in the global economy. Investors and analysts will be keeping a close eye on future developments, particularly in the political arena, as they assess the potential impact on Bitcoin and other cryptocurrencies
BITSTAMP:BTCUSDLong
by bryandowningqln
BTC BULLS ARE BACK ?BTC / USDT In my previous analysis i mentioned area between 54-50k for potential bounce And thats exactly what happen..it pumped hard from 53k You can check my previous analysis ▶️ here What next ? Above red zone in my chart bulls are in full control So as long as price is holding above this area i keep my eye at 70k We can also see that many altcoins printed giant bullish patterns with fear sentiment in market for days in G&F index Surely this could be the bottom for BTC& many altcoins for the next rally…What do u think ? Share with us in comments section below ⬇️
Long
by Babenski
2
Bitcoin Update — Why 100k Is On The Table And What Needs To HappAfter eight days of battling the EMA200, BTC finally won the match and closed the day above this essential technical indicator. The success on Saturday was mainly driven by the reduced market pressure, as the German state of Saxony ran out of Bitcoin. As expected, the price continued to rise after closing above the EMA200. The unbelievably sad events in the U.S. further fueled the increase. As a result, Bitcoin is now eyeing the upper boundary of the long-term bull flag. This pattern has started to form in March after Bitcoin jumped from ~40k to ~73k. From a technical analysis point of view, a break to the upside of the bull flag would inevitably bring 100k to the table. However, it is unlikely (right now) that Bitcoin will smash that barrier directly with the next attempt. Nevertheless, based on the current momentum shift, I would expect a break to the upside during the next weeks, followed by a new ATH and a march toward 100k during the 3rd quarter. #BTC☀
COINBASE:BTCUSDLong
by ben_walther
2
BTC about to drop down, again!Cryptocurrencies rallied over the weekend following the assassination attempt on the Republican presidential candidate Donald Trump. Experts expect the botched attempt to increase the odds of a Republican victory. “As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred,” the crypto intelligence firm Santiment said. The price of Bitcoin rose 4.4 percent to $62,610 over the past 24 hours, after having dropped 5.5 percent over the past month, Trading View’s Bitcoin chart shows. Another factor that dragged down the price of Bitcoin over the past weeks, but now is gone, is the massive sale of the Bitcoins seized by the German government. On Saturday, the government had sold off its entire balance of 49,860 Bitcoin, valued at $2.9 billion, according to Arkham Intelligence data. This relief might be temporary. “The impending Mt. Gox liquidation could significantly impact the market between August and October. Up to $6 billion of the $9 billion could be sold, potentially influencing market dynamics This potential influx of sales could create challenging conditions for Bitcoin traders in the coming weeks…,” 10xResearch writes in its daily note. A timid sun will shine over Bitcoin in the next hour or so signaling slightly bullish market conditions and possible buy opportunities. However, drizzle lingers over Ether, Binance Coin and Ripple’s XRP translating into bearish market conditions and potential sell opportunities. Over a 1-day and 1-week time horizon, this drizzle will sweep over Bitcoin, while Ether should profit from a timid sun shining through the clouds. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSD
by ATTMO
BITCOIN ( TRADING ABOVE DEMAND ZONE ) ( 1D )BITCOIN HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price around 57,056 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level PRICE MOVEMENT : the price in previously can be stabilizing above turning level around 57,056 , and created a demand zone , currently price at 59,731 , my opinion the price retest a turning level 57,056 after rising my goal resistance level at 62,452 . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 62,452 , second case price corrective a turning level at 57,056 before rising , if the price breaking supply zone reach a resistance level at 68,362 SHORT CONDITION : if the price breaking 57,056 by open 1D candle below this level reach a support level at 53,664 , then stabilizing below this level reach a 49,963 . TARGET LEVEL : RESISTANCE LEVEL :62,452 , 68,362 SUPPORT LEVEL : 53,664 , 49,963
BITSTAMP:BTCUSDLong
by ArinaKarayi
BTC loves this pattern I believe we might form an inverted head and shoulders, I've tried to draw it here on the daily. (It's rough) but hopefully you get the idea... In a nutshell, we'll have a small correction (hopefully) holding support at around the level of the left shoulder. "58k ish" give or take... Then continue up after a couple bounces off support. The small correction should take place in the next couple of days. If we break below support, it's a free fall "doom and gloom" way down into no man's land. I'm still bullish personally, I think with inflation and everything retail investment is only going to rise ultimately. Best of luck fellow traders. 💯
Long
by roscoed716
Bitcoin BTC price starts rapidly move after "fresh" US CPIThe "fresh" CPI US was announced at 3.0%, while the forecast was 3.1%, the previous figure was 3.3% The data is more than positive, laying a good foundation for the start of the Fed rate cut Logically, the price of financial assets should rocket upwards, well, at least the SP 500 does) But unfortunately, the correlation between stocks and CRYPTOCAP:BTC is now the lowest since 2019. On such positive news, in a strong market, OKX:BTCUSDT price should have soared to $62 thousand, or even $64 thousand Maybe this will happen with a certain "time lag" according to the blue scenario. But still, you should keep the red scenario in mind at the same time: First, another update at least to the $52000-52800 area and "shake out" of the long positions, and only after that the growth trend will begin. What are your thoughts? Which scenario is more likely now?
by P_S_trade
16
BTC potential bounce areaBTC / USDT BTC in downtrend since last visit @ 72k Where we can see next strong bounce ? Personally i think the Area around 52k (54k to 50k) can lead to possible bounce But why ? …: This area has much supports cluster This area has big liquidity Around 52k is the moving average 50 on weekly chart (was the Dynamic support for this bullrun since 2023!) Keep watching price action there… Important condition: wicks below moving average are acceptable but not closing below it Best of wishes
by Babenski
36
BTC long**BTC/USD Swing Analysis Confirmation:** **Time Frame:** Daily (1D) **Previous Analysis Summary:** Last week's analysis indicated a potential swing setup for BTC/USD. Key Fibonacci retracement levels were identified, along with significant support and resistance zones. **Key Observations:** 1. **Fibonacci Levels:** The Fibonacci retracement levels are drawn from the recent high to the recent low: - 0.382 (38.2%) at approximately $60,557.02 - 0.5 (50%) at approximately $62,736.97 - 0.618 (61.8%) at approximately $64,116.92 - 0.786 (78.6%) at approximately $68,020.57 2. **Current Price Action:** - **Bid Price:** $60,031.92 - **Ask Price:** $60,031.93 - BTC is currently trading near the 0.382 Fibonacci level, which suggests potential resistance. 3. **Support and Resistance:** - **Support Zone:** Around $53,500, where the previous low is marked. - **Resistance Zone:** Around $62,737 (50% Fibonacci retracement). 4. **Trendlines:** - A descending trendline is evident, suggesting a bearish trend in the recent past. - A breakout above this trendline could indicate a potential reversal. **Trade Confirmation:** - BTC has shown some bullish momentum, attempting to break above the 0.382 Fibonacci level. - The price is currently consolidating near this level, suggesting indecision in the market. **Action Plan:** - **Bullish Scenario:** If BTC breaks and closes above the 0.382 Fibonacci level ($60,557.02) and the descending trendline, it could signal a potential move towards the 0.5 Fibonacci level ($62,736.97) and possibly higher towards the 0.618 level ($64,116.92). - **Bearish Scenario:** If BTC fails to hold above the 0.382 Fibonacci level and the descending trendline, it could retest the support zone around $53,500. **Conclusion:** - The current price action aligns with the previous week's swing analysis, confirming the importance of the identified Fibonacci levels and trendlines. - Traders should watch for a confirmed breakout above the 0.382 level and the descending trendline for bullish confirmation or a rejection at this level for potential bearish moves. ---
COINBASE:BTCUSDLong
by Sthesh_Don_Billiato
1
BITCOIN is getting interesting to look at. Here's another way to look at #Bitcoin in the hourly timeframe. After hitting $59,476, #BTC got rejected as expected. The current price at $57.9k indicates a further downshift, possibly hitting the supporting trendline. The yellow dotted line is acting as good support for #BTC and it is likely to maintain this support even if the price drops. Also, we have the CPI news coming up in 6 hours. So, expect volatility in the market. Entry: $55.7k to $56.8k. Leverage: 5x to 10x. Stop loss: $54.1k. Target: $60k. Not financial advice. Trade safely. Regards, Team Dexter.
by Dexter_The_Trader