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Btcusdanalysis

3 Reasons Why Bitcoin Will Bounce At The Current LevelCRYPTOCAP:BTC has been in a moderate downtrend for the last few days. During that time, the crypto sentiment changed massively. Social media is jam-packed with doom posts forecasting a massive dump. While there's a chance to see lower levels, the opposite is much more likely. Here are three data-based reasons why: 1️⃣ The upper boundary of the bull flag (see chart below) has served as a proper support line. Just two days ago, Bitcoin bounced again at that support. Additionally, we have an even stronger support line sitting at ~62.5. Therefore, even if the bull flag support breaks, you can expect a bounce from the support below. 2️⃣ The overall market is super oversold and ready for a turnaround. You can see that in many of my previous posts. The entire altcoin market is extremely oversold. Consequently, a bounce is getting more likely every day. 3️⃣ Volume has been constantly decreasing BTC trade volume has been constantly decreasing during its downtrend. This can be interpreted as fading sell pressure that is likely to result in a massive volume spike. One word of caution: A break of the 62k level invalidates the above arguments and signals a bearish continuation.
BINANCE:BTCUSDLong
by ben_walther
BITCOIN will deceive sellers and rise to $73,000!Yesterday's inactivity of sellers in the $64500 range gave a chance for a local wave of growth for bitcoin and the entire cryptocurrency market. ⚡️ In our previous idea , we wrote about the failure rate of the $64500 range: 💥 On the 12-hour timeframe, sellers failed to break through the 64500 range for 5 candles. And growth after such a failure should be aggressive. On the 4hr timeframe, yesterday's weakness of the sellers was well worked out: The BTC price failed to gain a foothold below the 64800 mark , and the local growth of bitcoin continued. ⚡️ The USDT dominance indicator broke the trend line down: If the USDT dominance does not rise above 4.9% today, we expect a drop to 4.6%. This is the most modest target at the moment. The BTC dominance chart has yet to break through the 55% mark. There is a feeling that the BTC dominance nightmare is not over, despite the clear signals of a drop on the daily timeframe: 💎 Therefore, today we expect such feats from customers: ✅Not to lose control of 65100 ✅To develop the trend line from June 7 upwards and test the 67300 mark For now, the main scenario is growth to 70000 and the recovery of altcoins. 💎If you are interested in the forecast of other cryptocurrencies , write their names in the comments!
Long
by P_S_trade
46
BTC Bitcoin Technical Analysis and Trade Idea📊 When we examine the daily and 4-hour charts for BTC Bitcoin, it’s evident that BTC is currently in a strong bearish trend. The price has been consistently moving downward. I’m keeping an eye out for potential trade opportunities that align with a trend continuation strategy. In our video, we delve into essential aspects such as market structure, price action, and a specific strategy based on Fibonacci retracement levels. Here’s a brief overview of what we cover: 📈 1: Market Structure: We analyze how Bitcoin’s price is behaving within the broader market context. Understanding market structure helps us identify key levels and potential turning points. 📈 2: Trend Analysis: By examining price movements, we determine whether the prevailing trend is likely to continue or reverse. In this case, we’re focusing on continuation. 📈 3:Fibonacci Retracement: Fibonacci levels provide valuable support and resistance zones. We look for potential entry points based on these levels. Remember that the content in our video is purely educational. It’s essential to approach trading with caution and not consider it as financial advice. Always conduct your research and make informed decisions.
Short
by tradingwithanthony
7
The Bitcoin Squeeze has Gone,,,what now ? BULLISHBeen away pn family Business Now back AND...................... The Squeeze I was talking about ( arrow) has been negated and so now we continue to fall in the Fib circles, with the 236 acting as support. And we Wicked down to the 3 Fib extension and. for now. have found support. And for me, I think we could stay with this as support for now, maybe longer. If we range across this 3 Fib extension, we hit that apex on 22 July, 1 month from now. And this is VERY possible. Another month of Ranging like this brings the Weekly MACD to a level that Give strength for a further push higher..It also has confluence with other Chart ideas. Also, the weekly RSI has begun an approach to Neutral - very Bullish Back to this chart and the Daily, MACD daily is below Neutral now and Still falling bearish, ready to turn at anytime. RSI has begun to approach oversold now. Another 4 weeks MAX of Ranging here and we will be SO Strong for that push to 100K USDT Hang in there Guys and Gals, things may move before hand but I am hoping not...The onger we wait, the stronger we are.Been away pn family Business Now back AND...................... The Squeeze I was talking about ( arrow) has been negated and so now we continue to fall in the Fib circles but with the 236 acting as support. And we Wicked down to the 3 Fib extension and. for now. have found support. And for me, I think we could stay with this as support for now, maybe longer. If we range across this 3 Fib extension, we hit that apex on 22 #July, 1 month from now. And this is VERY possible. Another month of Ranging like this brings the Weekly MACD to a level that Give strength for a further push higher..It also has confluence with other Chart ideas. Also, the weekly RSI has begun an approach to Neutral - very Bullish Back to this chart and the Daily, MACD daily is below Neutral now and Still falling bearish but RSI has begun to approach oversold now. Another 4 weeks MAX of Ranging and we will be SO Strong for that push to 100K USDT Hang in there Guys and Gals, things may nmove before hand but I am hoping not...The onger we wait, the stronger we are.
INDEX:BTCUSD
by Orriginal
Whale Moves and Market Optimism: Potential Surge to $100,000Bitcoin continues to capture investors' attention with its price changes and large movements. Every rise and fall sparks more questions about its future and how it might affect the global economy. Recently, Bitcoin was traded at a price of $65,715, experiencing a small increase of about 1% in the last 24 hours, which sparked some cautious optimism among cryptocurrency enthusiasts around the world. This new confidence has been bolstered by the activity of major whales and long-term positive predictions. Some see this as an irreplaceable opportunity, while others warn against the danger of drifting behind illusions. Bitcoin seems to be at a key point that could be a good chance to buy, based on current conditions and optimistic market predictions. The rise in activity from big investors and their large purchases of Bitcoin show they believe in the currency's future, which could signal positive market trends. Also, over 70% of all open Bitcoin positions on Binance are bullish. A well-known crypto whale recently made headlines by buying 6,070 Bitcoin, worth about $395 million. This marks the whale's first major purchase in over 18 months. Renowned for strategic trading, this investor had previously acquired 41,000 Bitcoin during the 2022 market dip at an average price of $19,000 each. In a smart move, the whale sold 37,000 Bitcoin during the market upturn in 2023 and 2024 for an average price of $46,800 each, earning a total of $1.74 billion and over $1 billion in profit. This recent purchase reflects the whale's renewed optimism in Bitcoin’s future, suggesting potential significant price increases ahead. Due to recent activity and positive market predictions, Bitcoin seems to stand at an attractive buying point. The current support at the 100-day Exponential Moving Average and the lower edge of an ascending triangle pattern signals potential rises. It is expected that a bounce from these levels could soon push the Bitcoin price to $72,000, paving the way for a potential rise to $100,000 in the long term. I expect the Bitcoin price to rise by 30% in July, potentially exceeding $85,000, although current technical indicators lean towards a bearish trend. Therefore, if you are considering investing in Bitcoin, now might be a good time to consider buying, especially if you can handle volatility and have a long-term perspective. It is advisable to regularly reevaluate positions and take advantage of any significant price movements to reap profits or adjust strategies.
COINBASE:BTCUSD
by bbitar
BTC's next move?#Bitcoin 💸 is going to do something significant on June 22nd June 22nd is a Gann date, but according to me, it's a time when nothing significant happens immediately. However, days or weeks after it, the price tends to gain some real direction. The 22nd of June itself is not the reason for this movement; there are multiple other factors on the chart indicating the next significant direction. This 22nd-24th of June looks bullish. It will pump this time, and I will show the reasons...
by GoldenTrades_
BITCOIN is on the verge of a deep fall. What can save the growthBitcoin was unable to continue its growth trend, which began in May through the range of $72000-74000. Buyers were not even able to update the previous local high and were immediately hit back: Buyers were unable to hold the local range of $68000 to continue the upward wave from May. And the worst part is that bitcoin's decline is happening on small volumes: The last chance to save the growth trend is the range of 64500-65500 . Right now, the BTC price is approaching a large number of buyer stop orders. If the BTC price aggressively rebounds from this range and the daily candle closes above $68100, we expect BTC to continue to grow to $72000 and update local highs. For now, we don't believe in this scenario, as the USDT dominance chart indicates that things may be just beginning: The chart shows that a market drop of another 20-30% is highly likely. Therefore, in this case, we will consider short positions on bitcoin from the 68100 range. Why there? Here is an hourly timeframe that shows that from this range, buyers began to slow down the price drop with limit orders: If we assume that small traders opened short positions in this range, it is quite easy to pick them out. The target for such a trade is $60,000. This target stems from our previous forecast and will be confirmed when the 64500-65500 range is broken down: But what about other cryptocurrencies? Write your thoughts in the comments!
Long
by P_S_trade
17
BTC (DO OR DIE SUPPORT)BTC / USDT After many liquidation cascades in last few days BTC has reached one of most important support in this boring range (109 days !) The level between 66k-64k is considered to be the mid line support of the big channel 1- If it hold above …A new bullish wave will form and may be even a new ATH 2- If it failed to hold … the price will drop to test the bottom of the channel again In times like this i call this support is the do or die support What do u think about BTC next ? Share with us in comments below ⬇️
by Babenski
6
BTC vs NVDA Fractal 📈📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. In my previous updates, I've mentioned the two scenarios that I foresee for BTC after reaching a new ATH. The one was a correction, and the other was range trading until after the halving. Find the previous Bitcoin post here: When we compare BTC to how Nvidia has been moving, we see a very similar corrective pattern play out, followed by a steep increase. Then, after a period of sideways/range trading on NVDA, the price continues to even higher highs as it increases parabolically. Could we possible see something similar on Bitcoin? I think it's worth keeping an eye on this fractal and expect some boring price action for a while on BTC. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck NASDAQ:NVDA MEXC:BTCUSDT
NASDAQ:NVDA
by CryptoCheck-
Cautious Investment Strategies Amid Bitcoin Market VolatilityGiven the recent drop of Bitcoin below the $65,000 level, Bitcoin is currently experiencing downward pressure, with the price nearing critical support levels. In my view, these fluctuations suggest that the market may not be suitable for investors with a low risk tolerance. First Support Level: $63,000 – This level is an important point to monitor market reactions. If stabilization occurs at this level, buying interest that can be leveraged may appear. Should the price break through this first support and reach $60,000, the market should be carefully evaluated for entry as this area might be a potential turning point for recovery. This means that a gradual buying strategy can be implemented starting at $63,000 and increased if the price approaches $60,000, thereby enhancing the average entry price and reducing risks in the event of a sudden decline. Before buying, the anticipated risks should be identified and evaluated, and the market's readiness to receive lower price levels should be considered. External considerations such as economic developments, policy updates, and geopolitical conditions can significantly impact the market. These factors should be taken into account before making a purchase decision. Current analyses suggest a cautious approach to investing in Bitcoin. Investments should be carefully considered, focusing on support levels and using a gradual buying strategy to improve the average purchase price and minimize exposure to high volatility. If you prefer to avoid high risks, it may be wise to wait until the market shows stronger signs of stability and recovery.
COINBASE:BTCUSD
by bbitar
BTC rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC Could take a pullback (5000 pts downside)BTC level of 69000 round level could be crucial there we have two condition on both sides but the down the side has more space to move and get more liquidity (4000-5000) whereas the upside has only 2000 pts space the favourable sides happens to be pullback and trade on reversal because once the price crossed above 69000 then soon after there will be resistance of trend line 64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
by Jimmy_Rebello
2