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Btcusdanalysis

BTC Chart AnalysisAnalysis and Outlook The BTC/USDT chart reflects a strong bearish trend. The price has been consistently making lower highs and lower lows, confined within a descending channel. The failure to hold above the 0.618 Fibonacci retracement level indicates potential further downside. BINANCE:BTCUSDT Bearish Scenario BTC fails to hold the 0.618 Fibonacci retracement level, we could see a decline towards the 50,000 USDT psychological support and further down to the 0.786 Fibonacci retracement level around 48,000 USDT.The 200-day EMA at 58,211.08 USDT will act as a strong resistance, and unless the price breaks above this level, the bearish sentiment is likely to persist. Bullish Scenario For a bullish reversal, BTC needs to break above the 200-day EMA and the upper boundary of the descending channel around 65,000 USDT. Sustained movement above these levels could shift the trend back to bullish, targeting higher Fibonacci levels and previous highs. Conclusion Currently, BTC is in a bearish phase with key supports being tested. Traders should watch the 0.618 Fibonacci level and the 200-day EMA for potential signs of reversal or further downside. Risk management is crucial in this volatile phase, with stops placed below key support levels to manage potential losses
Long
by ravirajapaksha
Last Chance Alert: Buy Bitcoin Now at Unbelievably Low Prices!BTC UPDATE BTC is trading at $61,500, nearing a critical support level at $60,000. We have a rising trendline, the 200 EMA, and the lower trendline of this expanding triangle also acting as support. After 7 consecutive days of outflows in Bitcoin ETFs, yesterday saw $31 million in inflows, which is positive for bulls. In the long term, I am bullish on BTC. We may see some short-term corrections in price, potentially down to $54,000 in the worst case, but that will be the best time to buy BTC. The funding rate is negative at -0.11%, which is a positive sign for bulls. Stay tuned for more updates. CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD
Long
by CRYPTOMOJO_TA
2
Important BTC Update in Daily Timeframe.The daily close on BTC was at $57,050, and it is still trailing under the support range highlighted in a blue box. I wonder if BTC could repeat its previous move from early May 2024, when BTC dropped as low as $56,555 and then bounced back 27%. We are at the same juncture once again, and it will be interesting to see if history repeats itself. Invalidation point: Breakdown and close below the $56.5k support. Do your own research before investing. Regards, Team Dexter #BTC
Long
by Dexter_The_Trader
Bitcoin: A trading opportunity - Risk 0.2 to 0.6Trading Setup: There is a Trading Signal to Buy in #Bitcoin #BTCUSDT m15 (Futures) Traders can open their Buy Trades NOW ⬆️Buy on 57500.0 ⭕️SL @ 56500.0 🔵TP1 @ 60000.0 🔵TP2 @ 62000.0 🔵TP3 @ 64200.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. CRYPTOCAP:BTC OKX:BTCUSDT Bitcoin If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
1
BTC finish to fall and will break out soon?Hey traders! Here is the update for BTC. It seems like we touched the support line of the previous movement, and Fibonacci confirmed it. Plus, the RSI crossed the lower edge, indicating we could potentially go up from current levels. However, we can't be sure about the buying reaction yet. We're moving within a bullish flag, which is forming a support line a bit lower than the previous low of this movement. So, there's a possibility we might drop to the $53-55k zone. What are your thoughts, guys? You think we finish 3rd correctional wave or can go lower?
BINANCE:BTCUSD
by SheTradesHub
Bitcoin: We are at Bottom!Bitcoin's price has been moving inside a range for the last 125 days. Today, the price touched the 200 EMA and the bottom of the range, which can be considered a good support level for Bitcoin. During the early stage of the previous bullish move, Bitcoin's price remained within an accumulation range for 210 days before making a significant bullish move. This time, we can expect a similar pattern, with the price likely continuing to move inside the accumulation range for the next 1-2 months. Bitcoin's price moves sideways at the bottom of the accumulation range for the next few days, then we can expect a gradual upward move. Once the price breaks out of the accumulation range, we can expect a significant upward move.
Long
by HexaTrades
2