Btcusdidea
Bitcoin may form uptrend up to 73%As can you see in this analysis bitcoin may form a strong uptrend once it hits a major support zone between two green horizontal lines. If a support zone succeeds it can mirror previous wave momentum and it may form same uptrend pattern which could hit up again by 73% with a target price of 88678usd.
BTC Possible Bounce important levelsi) Trend line support
ii) Fibonacci Retracement level
iii) Support on Daily Time frame
by looking at these points a possible bounce is expected from 52600 and 53800 area or from above these, it is very important area for BTC to hold if it doesn't bounce from there it can go further down. On up move BTC needs to break 61000-62000 area to move 66000 for now.
BTC/USDT 4HOUR UPDATE Welcome to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
BTC is trading around $57100 the resistances level is 21ma and support level are $54000 Expecting a bounce.
I thing the price cam pump fore here .
if its breaks the $54000k then the chart will be invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
thank you ...
Will Bitcoin break support?Yesterday was an interesting day for Bitcoin and after making an intraday low at 56.500, the price has recovered quickly and raised to 60k zone.
This zone proved once again to be a strong ceiling and BtcUsd has started to fall after and tested 55700 now support.
I'm strongly bearish as long as the price is under 60k and I expect the newly formed support to fall.
My target remains 52k
Bitcoin- Back again under supportAfter reaching a low in 56k zone, as normal, Bitcoin has corrected to the upside and even tried to conquer back 60k important figure.
The cryptocurrency failed in this attempt and now is trading back under important 58.500 zone support.
This fail has strong bearish connotations and I expect a revisit of 56k, now support.
My medium-term target remains 52k
Sell rallies against 60k can be a good option now
BTC TrendBTC has been playing a bit recently before making huge bullish moves.. Here is my take on the next bullish pattern.. I will be publishing 2 ideas in this regard. First is the 4 HR analyses using the Fibonacci retracement and extension and the second one is the weekly chart.The fib retracement needs to stop at 61.8% or $54192.With this, a reversal needs to happen and break the current top ceiling with a huge bullish move at 38.2% or $69,303 which is displayed using the fib extension. If this were to occur successfully, then the next possible move would be to touch either 50% or $73,970 using fib extension. Now this correlates with the price that JP Morgan has mentioned in the article, www.forbes.com If the price were to move even bullish and touch 61.8% on the Fib extension then the price would touch $78,638. Again all these moves are expected to occur only when the current resistance zone would break and the price moves above it. Let's hope it does :) !!!!
BTC/USDT 4HOUR UPDATEWelcome to this quick btc/usdt analysis.
I have tried my best to bring the best possible outcome in this chart .
BTC is trading around $58400 the resistances level is 21ma and support level are $57400 .
to $56400k os strong support Expecting a bounce.
I thing the price cam pump fore here .
if its breaks the $56400k then the chart will be invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
thank you ...
Bitcoin could not hold gainsBitcoin has dropped around 10k since the last ATH.
58.5k support stopped this drop and bulls tried to take control
However, the buying power is weak and the price couldn't pass above 61k now resistance
As long as the price is under this zone I expect continuation to the downside and Bitcoin could drop to the next major support at 52.
I will look to sell rallies and a daily close above 61k would negate my bearish scenario
Bitcoin- 58500 is now resistanceYesterday, Bitcoin has broken under 2 days consolidation's support and now we can consider it in a medium-term downtrend (at least I do)
My target for short trades remains 52k zone and traders can look to sell rallies around 58.500, which is now resistance.
Bitcoin above 61k would negate this bearish scenario
Bitcoin- We can expect reboundAs I said yesterday, I expect a drop from Btc to 60k support, the drop was was even more aggressive and the cryptocurrency is trading at 59.300 at the time of writing.
However, 59k provided support for now and we can expect a rebound.
63k can be the target for short term crypto speculators and a new low would negate this scenario