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BTC:Wait for the turning point Bitcoin is currently in its third consecutive week of decline and has fallen below the 22,000 support level. Given Federal Reserve Chairman Powell's suggestion that interest rates are likely to continue to rise in the foreseeable future, Bitcoin's price has broken below its previous resistance and hit a low of 21,598 US dollars. As the semi-annual monetary policy statement continues to affect market sentiment, both fundamental and technical factors have contributed to the price trend of Bitcoin. Higher interest rates have a negative impact on risk assets, including major cryptocurrencies, because holding cryptocurrencies does not generate interest income. As the commodity channel index (CCI) falls into negative territory, technical indicators suggest that Bitcoin may already be oversold. However, as Bitcoin's price lingers around the next psychological support level of 22,000, breaking below this level could further tilt the price downward. The 21,376 US dollar support level from February lows could become the next support level, but it may also be a new turning point. Nevertheless, it must be admitted that breaking this level could bring market attention back to the 20,000 US dollar level. Therefore, it is advisable to maintain a light position in trading. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily trading layouts. Thank you for your attention and likes. If you have any questions, feel free to leave me a message, and I will give you the most prudent advice. I hope I can help you.
Long
by FlashTrades_
4
Can BTC still go long? After being blocked at 24K, BTC fell sharply, and this large-scale decline was expected. Therefore, it was mentioned around 24K that profit-taking operations were needed. Although the long-term view is bullish, the market indeed needs to adjust before restarting. This decline actually provides a better entry point, and I will continue to establish long positions here. Personal operational suggestions: Enter long positions near 22,400, with the first profit-taking position at 23,220 and the second profit-taking position at 24,000. Each of my layouts requires patience and a good trading mentality. Friends with small funds and poor mentality should not participate. I have conducted in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil. I also update daily operational layouts. Thank you for your attention and likes. Friends with questions can leave me a message in a timely manner, and I will provide the most secure advice. I hope I can help you.
Long
by FlashTrades_
2
#BTCUSDT Very Important Update.Welcome to this extensive analysis everyone. We have been nailing every single Bitcoin Update this year. Hope you are following me on all our social platforms. Now, let's get to the chart! Bitcoin is currently trading right below the 200 WMA. This weekly closed right below it. Probably you have seen this chart before but I just want you to understand that this is very important for BTC to break and close above this MA. It has always been the Bear Market bottom indicator and currently, it's the resistance we need to break through. If BTC wants to start the rally, It should break in in Q1 of 2023. We just have a month left for that. Meaning 4 more candles. Unless that happens I won't be doing too much leverage trading and stay mostly in BTC and Stables. Lower Support lies between $19.8k and $20.3k. MY NEXT UPDATE WILL BE ABOUT TEH ALTCOINS. Make sure you follow me to avoid missing the same! What's your plan? Have you decided yet? Let me know in the comment section. Also, Do hit the like button if you like it. Thank you. #PEACE
BITSTAMP:BTCUSD
by Cryptorphic
5
BTC: 6.5% VOLATILITY AFTER THE FOMC.Hello traders, I hope you guys managed to make some profit after the FOMC meeting. We saw good volatility in the market with BTC reaching $24255. A 6.5% red and green gave a good opportunity for both bulls and bears. Yesterday's trade was purely meant for scalping and if you were smart enough then you could have made some extra cash. Anyways, in this 3 hours chart, BTC is currently trending under a rising wedge pattern which shows some possibility of rejection in the market. If you are still holding this trade or thinking to enter then $23.1k will be a good buy zone with SL at $22.1k. If BTC manages to break and close above the upper resistance trendline then better wait for confirmation and traders holding the position can enjoy the profit. For now, I am placing my buy orders at the bottom trendline. What is your strategy? Let me know in the comments. Trade safely.
by Dexter_The_Trader
5
BTCUSDT: Bitcoin Likely to Continue Bullish After CorrectionThe outcome of the Federal Reserve's upcoming meeting will impact the direction of the BTCUSD pair. Currently, Bitcoin is experiencing a sell-off due to profit-taking, but the market anticipates a further bullish trend due to a slowdown in interest rate hikes. However, a brief bearish correction is expected. It is important to watch the 20000 price level as it may provide support in the future. I would appreciate your support of this idea to help reach others. You can also share your opinion with me. Many thanks
by ClintOnos
1
BITCOIN: A BULLISH RALLY AWAITS!Hello traders, I hope you all are doing great. In this update, I am gonna answer all your doubts related to Bitcoin. Out of all the DMs, I have short-listed three questions, 1) Where BTC is heading next? 2) When are we gonna see a bull run in the market? and 3) What is the support and resistance for BTC? Before we begin, let me clarify that this update is based on my analysis and research. So, do your own research before investing. Alright, BTC has shown some impressive moves last January and it still continues to hold the $23k level. So far, the market has been doing well and we can expect some more positive rallies in the coming days. 1. Where BTC is heading next? Ans: If you check the daily timeframe then you will notice that BTC has broken above the resistance trendline. And in this weekly timeframe, BTC is yet to hit the $25k resistance. So, most probably, BTC should hit the $25k target next. 2. When are we gonna see a bull run in the market? Ans: According to this weekly chat, BTC is already in the uptrend rally and if things go with the bulls then by February to April 2024 we will witness a new all time high on BTC. 3. What is the support and resistance for BTC? Ans: Currently, there are two support ranges for BTC, $18k to $19k, and $16k. Also, we have a resistance of $25k which is crucial for BTC to break above to continue a higher rally. Conclusion: BTC must break out above the $25k resistance in order to continue this uptrend. We might see some corrections in between and I will consider it to accumulate more BTC and other major altcoins. BTC has done it before and BTC will do it again so keep believing and keep improving.
COINBASE:BTCUSDLong
by Dexter_The_Trader
8
Bitcoin Multi-Timeframe Analysis 28.01.Hello Traders, welcome to this free and educational technical analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
by basictradingtv
32
BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary BTC/USDT TREND ANALYSIS We have 1 Downtrend in red color (Short Term). Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
BINANCE:BTCUSD.P
by husseindergham
BITCOIN: GETTING REJECTED.Hello, trades, Dexter here with yet another update on BTC in a daily timeframe. It's the 5th day and BTC just couldn't break the $23k resistance level. If BTC breaks this resistance level then $25k is imminent. But with the recent move on BTC, I assume that it may reject further toward $21.5k and then bounce back or eventually a breakout above $23k. If not then $20.4k-$19k is possible. With the RSI making a bearish move if BTC happens to show some correction then I believe that it will be important for the market and we will soon see a good rally coming in after this correction. If BTC ignores the correction and breaks above the $23k resistance then the rejections will be invalidated and BTC will face the ultimate resistance level of $25k. Let us see what tomorrow will bring. Until then don't get rekt. Thanks for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2
BITCOIN: CREATING NEW SUPPORT LEVELS.Hello traders, I hope you all are doing well with your health and your trades. Here's a quick update on BTC in a daily timeframe. BTC has shown some rejection lately which is close to -6% in a single day. The denial may continue but only if it can break below the support 1 level at $20.35k. If BTC breaks down below the S1 level, we can expect the price to reach $19k and then a possible bounce back. For now, if BTC maintains the support 1 level, it needs a breakout above $21.5k to continue a higher rally. In long term, I am bullish on BTC and if BTC shows some correction then I will accumulate more. That's it, for now. I will update BTC in a shorter timeframe as well. Thank you for reading. Trade safely.
BITSTAMP:BTCUSDLong
by Dexter_The_Trader
10
BTC Price Analysis SHORT !! ??Hello to all traders out there! Here's a BTC in a short situation in my personal opinion. So we NEEED to hold the 20000 LV L or else we will go back and retest the 19632 LVL. If we end up breaking that support we might head on down to test the 19126 LVL. If that breaks.. we will go down and test the 18795 LVL. Happy trading to all :) leave a comment or like, please! I'd love to hear what you think of my ideas! :) Have an amazing day all!
Short
by owenNations
BITCOIN: IN NEED OF CORRECTION. BTC update: BTC has broken above the falling wedge pattern in a 1-day timeframe. Currently, it is facing resistance at $21.5k and according to analysis, BTC must retest to continue a healthy rally. The RSI is at the oversold area, indicating a correction to be coming soon. Remember! There’s no need to panic if we see a rejection on BTC anytime soon. I expect a rejection close to $18k and then a strong rally breaking the $21.5k resistance. Thank you for reading. Trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
2