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Btcusdforecast

BTC Bulls Facing Crucial Support AreaBitcoin is currently trading around 0.618 FIB Retracement from 32950$ lows from January 2022 to 48200$ highs from March 2022. The retracement area between 0.618 and 0.786 FIB in confluence with Trendline is crucial for Bitcoin bulls. Bounce from this area could indicate higher prices into 50000$ to 53000$ area, while failure to bounce from this area will probably lead to deeper downside movements below Trendline and could indicate breaking of the Higher Highs and Higher Lows structure of the market and retest of the 26000$ price level.
BITSTAMP:BTCUSD
by ESO_Trading
(BTC) Bearish Momentum ContinuesBitcoin is currently trading below the $39,000 mark and is still looking bearish on the lower timeframes. As soon as the price broke below the trendline support, it was a bearish indicator and the break of support at $39,600 was almost confirmed. We can also see that right now the price has found some support around the $38,800 mark. It would be interesting to see whether BTC will bounce back from here or if further sell-off is on the cards.
BITSTAMP:BTCUSDShort
by EagaPavanKumar
1
BTC bullish divergence on 2D and 3DFirstly we look at 2D chart and we see hidden bullish divergence on RSI which means that the price is making higher lows and oscillator is making lower lows, We take this signal as a potential bounce in coming days. Now let us look at 3D chart, Again we see hidden bullish divergence on 2 oscillators which are CCI and CMF. Again this is another strong signal that bullish momentum will resume from here. Market has never been this confusing as now. Charts and on-chain data shows that we are ready for a massive bull trend whereas macro economic factors suggests otherwise so this could possibly be a bull trap. Let us wait for weekly closure and then will further update.
by NasirCrypto
#BTCUSDT needs to do this to break above $42k..Welcome to this Idea on Bitcoin. Reasons to Follow me? *9 Years in Trading! *7 years in Crypto *Certified Technical Analyst *Record Holder of Most liked Bitcoin Chart on Tradingview. *Consistent updates on Markets and Trade Setups *No Bias *All-time Top Author on various assets and index charts globally. *Very Active Community during both bull and Bear Market *500+ Ideas posted on Tradingview Let's get to the chart. BTC bounced right off the $39200 level. Everything is aligning perfectly so far. I am not saying I am bullish because I want to. Just sharing what I see in the chart. The reason why BTC could start a rally soon:- 1. USDT Dominance is about to get rejected by the resistance. 2. TOTAL MCAP retested perfectly 3. BTC is in the making of a bullish divergence. For that BTC needs to print a low below the $39200 level. Every time that happened BTC bounced with strong volume. This is why I posted my last chart saying $39200 might not be the bottom. All I could see is selling pressure around the $40k+ level in BTC. However, a close above $42k will trigger the rally. Invalidation:- Losing $35k in a daily candle close. Nothing is confirmed yet, let me know what you think of this chart in the comments section. If you like my post or found it helpful do hit the like button. Always do your own research and learn from other people's work rather than following blindly. Thank you #PEACE
Long
by Cryptorphic
3
Let's talk cryptoI overheard a conversation today which made question the types of investors we see in crypto and how ugly the market has become. Let's get one thing straight, Bitcoin and many other alts have made serious gains in the past year and if you haven't made profits or taken them then you're a fool. All you need to do is read twitter, go on instagram and even Tiktok now to see every person calling 100k, 500k where they hold about 0.0000042 BTC in their wallets. The majority of the people in the crypto space are brain washed into thinking that price can only ever go up. Go back to 2017 and you'll see everyone with the same mindset get humbled. I am bullish on Bitcoin but only until $32200, if this level breaks we would create a new low on the charts and would look to really start a bear market (we are not calling a bear market yet but things are going in the right direction). From a different view Bitcoin looks to be making a new bullish low which could look to give us our next leg up. Regardless if we turn bull or bear I expect 57.5k to 59k to be met first. I am an investor in crypto and I tend to stay silent on it because it's a very toxic space. For all I care Bitcoin can go up and my ROI increases or the markets dumps and I buy more. It really is simple and as long as you take profits then you really can't loose. Should Bitcoin find a new lower high and break ATH we can expect 78k and then 84k as realistic targets. Should Bitcoin break the support floor and make a new low we can expect the lows marked (24k, 17k and 7.5k) Again I don't care which path it takes so don't get sensitive, you are observing a totally unbiased view on the pair. Crypto and blockchain technology is wonderous and we are in very early stages of the capabilities. People are stating BTC is the new Gold, XRP is the next reserve currency and so on. What we all need to come terms with is that Crypto is still in the early stages and you have seen no adoption into society, yes large cooperation's and governments are experimenting but this is not adoption. Adoption will take place once financial regulations and crypto on a whole can be controlled, you think companies are going to find stability in a crypto that can increase and decrease by 100s if not 1000s of dollars a day (NO CHANCE). Once crypto is adopted it will move like the FX markets where price is stable, coins found their worth and most importantly it can be regulated and controlled. Here's an example of how UNREGULATED crypto is; Tether the digital dollar, a great concept but behind the mask and hidden in plain sight there is very dark side. These whales, big wigs at tether owners and a select few individuals are printing and minting trillions worth of digital dollar and the great thing is for them it's unrealised, it has no affect on inflation and no effect on society. What's happening with all these trillions of Tether dollars which are printed and don't make it to public domain and seem to vanish?? They find it's way to a large purchase or Bitcoin, this bitcoin is then sold for real dollars. Get what's happening yet? fake currency is being used to buy real assets to then turn into real currency which can be used. It's such a simple idea that it's hard to believe it's happening. DYOR into this, when Tether prints there's always an increase in BTC orders. This has been ongoing for years and it's why the markets need regulation, adoption will take place once regulations are in place. It is then we will find the true value of our holdings. BTW once this story is uncovered through regulations (AND IT WILL) a huge market crash will come. Time is ticking.
BITSTAMP:BTCUSD
by UnknownUnicorn33264805
2
BTC: A RALLY HIGHER OR A FALL BACK TO $37K???Welcome members to this update on BTC. If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest at my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on them or use them to understand the market. After a 10% drop, BTC is trying to rally higher. It looks like BTC will rally higher but before getting to any conclusion we better watch out. The current price is $41.2k where 21 MA is holding the price. If BTC manages to cross this level then $42.5k & $44.6k will be the possible resistance level. If BTC gets rejected from here then $37.7k will be the possible support level. Things could head in any direction so be careful and keep an eye on the current market price. What do you think bout the BTC price? Do you think a rally is in or a drop is still valid? Share your views. Thank you.
COINBASE:BTCUSD
by Dexter_The_Trader
2
BTC/USDT - Potential 45% SetupHello Traders! After going beyond the upper boundary of the $37800 - $45600 side range, the BTC price consolidated between $45600 - $47800 for more than a week. Then there was an appearance of voluminous sellers, as a result of which the price returned under the level of $45600 in the sideways range. Bitcoin showed a clear correlation with the S&P500 broad market index, which started correcting after the Fed speech last week. The theme of the speech was the winding down of the quantitative easing program, as well as raising the base interest rate. It should be noted that the market has already put the probability of such actions of FRS in the price several times. At the moment the sentiment on both markets is not in favor of growth, many participants since the end of 2021 went out of risky assets. On the other hand, the record indicators of inflation in the USA were announced this week, which amounted to 8.5%. Taking into account the above mentioned it is possible to expect the irrational behavior of the market, which may result in the local growth. It is possible to look for purchases near the current price values of $39400 - $41400. Closing the deal using stop loss is worth in case of price leaving below the level of $35400 The profit-taking targets will be price levels of $51500 $55200 $59600 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
BITSTAMP:BTCUSDLong
by UnknownUnicorn10064030