BTC/USD: Overcoming important resistance zone
Bitcoin broke through an important resistance zone at the July peak at 31800, thereby creating a Double Bottom pattern (bottoms in June and September 2023), opening up the potential for a price increase to 39000. Bullish Momentum The strength helped BTC surpass the 200-day MA, coinciding with the August peak (28150). Additionally, on the weekly chart BTC broke above the Ichimoku cloud for the first time since 2021
Btcusdtlong
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000.
In this week, bitcoin price continues to move in an ascending channel (in yellow).
]f the price breaks the Bollinger midline, there is a possibility that the price will go down to the yellow area.
Overall, in my opinion, as long as the price of Bitcoin does not fall below the Bollinger midline, there is a possibility that it will go higher.
But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario.
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BTCUSDTBINANCE:BTCUSDT
According to my previous analysis of BTC, the price has increased from 29900 to 34700. In my opinion, Bitcoin continues to exhibit bullish tendencies, although there may be some price corrections, possibly leading to a decline to 31000 or hovering around 29000. However, following these price corrections, Bitcoin is expected to continue its upward trend. It is worth noting that these fluctuations are not uncommon in the cryptocurrency market and should be viewed as part of the normal market cycle.
BTCUSDT BINANCE:BTCUSDT
The chart under consideration is characterized by exceptional clarity and detail. An examination of the chart reveals that the bearish weekly trendline was effectively broken, followed by a pullback featuring a hammer candle. The hammer candle was subsequently confirmed with a robust green candle that broke through the purple resistance level and has not fallen below it. The present pricing position is of the utmost importance, as it has the potential to reach a specific area if it successfully overcomes the resistance level. Conversely, if the resistance level rebuffs the price, no growth will occur. In light of this analysis, it is my professional opinion that October bodes well for BTC.
BTCUSD 4H : Support further rise upBTCUSD
New forecast
Bitcoin price made some temporary downward correction and is trying to resume positive trading with the opening of the day, keeping the bullish trend scenario in place for the coming period, remembering that our next main target extends to 35048 and 35754.
Moving average 50 supports the proposed bullish wave, keeping in mind that breaking 33022 will stop the positive scenario and put the price under negative pressure again.
The expect range trading for today will be between resistance line 35754 and support line 33022.
support line : 33022 , 31044
resistance line : 35048 , 37000
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BTCUSD 4H : Support further rise upBTCUSD
New forecast
Bitcoin digital credit points increased by 3% during this week trading, achieving its gains for the second day in a row, recording the highest level in a week, in light of the positive sentiment that dominates the asset market.
This is amid growing hopes about the possibility of regulatory authorities in the United States approving the release of a Bitcoin investment fund traded in the “ETF” index during the few periods of suspension.
Technical abstract :
The price of Bitcoin (BTCUSD) did not show any strong movement yesterday, maintaining its stability above the 28345 level, which keeps the bullish trend scenario valid for the coming period, supported by the moving average 50, remembering that our expected targets start at 29255.00 and extend to 30000 , and our target will be activate when price stabilized above 28902 .
On the other hand, you should be aware that breaking and stability under 28345 will stop the expected rise and put pressure on the price to decline again.
The expect range trading for this week will be between resistance line 30018 and support line 28345
support line :28345 , 27987
resistance line : 28902 , 29293
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
BTC THIS INCREASE CAN END INTO CRASH .. WORLD ECONOMY = REASONWill this ETF not-confirmed hype make the BTC price increase, or is this just a short hype that will end in a Crash of BTC?
We have seen before how whales are able to make a freefall after a trend increase and break down the trend in profits. more from Asian whale trends and usdt whales. All crashes did start from fake increase action.
For day trader there should be no care if the price of BTC increase or not as day traders depend on every side.
This is just a view of what can happen after this BTC increase.
We think the last one, depending on a technical view there is no reason in this world trends that the hold BTC has a building trend as there is a high chance the economy going to break down.
This increase can be the reason for the next BTC crash. also if BTC increases further there can be a moment that BTC will get a free fall, since the economy of the moment is very risky.
This is not trading advice, do always your studies and manage the risk.
BTCUSDT - Next Target?BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $27160
Buy level: Above $26900
Stop loss: Below $25350
TP1: $28000
TP2: $29500
TP3: $31000
TP4: $34000
Max Leverage 2x
Always keep Stop loss
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BTCUSD:; Bitcoin forecast next week: Approaching the $30,000 marSince the beginning of October 2023, Bitcoin price has increased 8.3% and is approaching the psychological barrier at the 30,000 USD mark. Finance BankingBitcoin forecast next week: Approaching the 30,000 USD markDuong Lam • {Publishing date}Since the beginning of October 2023, Bitcoin price has increased by 8.3% and is approaching the psychological barrier at the 30,000 USD mark.
According to CoinDesk data, updated on the morning of October 22 (Vietnam time), Bitcoin price traded at 29,880.3 USD/BTC, corresponding to a capitalization of 583.2 billion USD. Compared to early October, this cryptocurrency has increased by 8.3%.
“Bitcoin's bullish momentum is supported by positive news about the possibility of approval of an exchange-traded fund (ETF) for this cryptocurrency next week, along with an increase in applications to open a fund Bitcoin ETF,” said Lucy Hu - senior trader at Metalpha.
Bitcoin Trade Set up for Me! {07/08/2023}Educational Analysis says BTCUSD may move in this range for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because BTC fair value gaps are unfilled in a 4-hour time frame.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
The Rectangle box is an Order block for trading.
The blue line is high and low of the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTC excellent short entry 3090012h time frame
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We have talked about many potential top structures about Bitcoin, such as Head and Shoulders(ref.1), Butterfly(ref.2) and Diamond structure(ref.3). All analysis point out that Bitcoin is creating a huge top structure before next bull. This is also the last chance to catch a potential crazy dump in this bear period. If we take liquidation hunting into consideration, 30700~31000 is the excellent entry to open short, which has the best risk to reward ration over 8. If Bitcoin start dumping from that zone, targets as below.
TP1: 25000
TP2: 20300
TP3: 18000
Also, 17000~18000 is the expected bottom before bull.
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ref.1 Head and Shoulders structure
ref.2 Harmonic pattern
ref.3 Diamond structure
Bitcoin Analysis (1d): Recent SurgeThe beginning of this week saw a remarkable upswing, propelling Bitcoin's value by an impressive 15%. The digital giant broke a significant barrier at $28,700, surging ahead to $30,000 .
However, the journey doesn't stop here. What has captured our attention is Bitcoin’s recent breakout from a crucial resistance level at $28,700.
The present challenge lies in surpassing the formidable $31,000 mark, a zone with historical significance. This price point, which once served as solid support during the turbulent times of 2020 and 2021, is now a ‘resistance to be cracked next’.
Anticipation buzzes in the air, echoing the prospect of Bitcoin going parabolic should it soar above the $31,000 or even $32,000 thresholds. Yet, this is more than a speculative scenario; it represents a tangible opportunity. However, the prudent approach is to analyze, assess, and prepare for all eventualities.
While the temptation to surge upwards is strong, a strategic retreat might be in the cards. A brief regression to the previous resistance and support level at $28,700 isn't just a possibility but could be a healthy move. The lingering selling pressure from futures exchanges provides a substantial reason to consider this option seriously.
BTCUSD: Bitcoin stabilizes above $28,000 as US retail increasesBitcoin remained above $28,000 on Tuesday, hovering near a two-month high. The cryptocurrency's resilience is reflected in the fact that the cryptocurrency recovered yesterday from Monday's high of $30,000 to a low of $27,855.21 and is now above $28,600, while US retail sales increased 0.7% in September. This was due to surprising results. This is Bitcoin's highest interest rate increase since August 18.
In contrast, Ethereum briefly peaked at $1,628.16 before falling. The cryptocurrency's value fell to $1,570.89 today after Ethereum failed to improve its RSI due to misinformation surrounding the approval of BlackRock's (NYSE:{) Bitcoin spot ETF. 13078|BLK}). It broke through the 49.00 ceiling and now appears to be aiming even lower as it reaches $1,540, ending a four-day bullish streak.
Bitcoin Halving : What Investors Need to Knowwhat is Bitcoin Halving?
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in April 2024.
Chart Overview: The chart above illustrates how the price of Bitcoin moved before and after halving.
Before the 500 days leading up to halving, the Bitcoin price began to rise slowly. After the halving, the price of Bitcoin experienced a significant increase, a pattern that has repeated in the past three halvings. We anticipate a similar price movement in the 4th Bitcoin halving. Until the 4th Bitcoin halving, which is expected on April 14, 2024, we expect Bitcoin's price to continue its gradual ascent. After the halving, we anticipate a strong upward movement in Bitcoin, potentially reaching the $200,000 level.
Thanks,
Hexa
BTCUSDT daily to close red but above 27200 for bullish outlookThe price has been consolidating here for almost two days. The current daily candle is likely to stay and close red. However, it is alright and it does not impact the strength the price has towards upward move, negatively. In fact if the price goes a bit more down (at least to the 4h support 4HS1 zone or further down till 27300) before the daily close with a daily around or just above it, it will be very bullish and the next day/s is/are going to be greener.
BTC btttom 18k1D time frame
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With the fake new(BTC ETF approval) released, Bitcoin matched our previous analysis by unexpected trend on 16th October. Currently, Bitcoin is creating a potential Diamond structure, which is a top structure here, and it could be regarded as Head and Shoulders structure(ref.1).
According to this Diamond, Bitcoin might retest 30k again in near future, and start going down by December, once Bitcoin breaks below this diamond, huge dump will be following. There are four targets for the trading plan.
TP1: 28000
TP2: 25000
TP3: 19500~21000
TP4: 17600~18600
Range 17600~18600 is the bear bottom I think. On the basis of time structure, we can see this price around December '23~January '24, get ready for this sweet price!
Ref.1 Bitcoin analysis about HS structure and bear bottom.
BTCUSDT likely to bounce from 4h support towards 28536Here is a long idea for BTCUSDT. The price has been trending down after the peak it has made. The price bounced from hourly support but got rejected from 4h resistance 4HR1. It seems that the price is heading to the next support which is 4h support 4HS1. This support shall provide bounce for a long trade and therefore a long trade is favorable from there. The target of this long trade should be the 4h resistance 4HR1 which is sitting around 28536.
BTCUSDT accumulating for big move upto 29336The price is consolidating around the daily support. The price tapped that liquidity zone thrice and still trading above it. This is indeed an accumulcation for a upward move. The volume is low and still price not able to move down. This clearly indicates that it is accumulation and the price is due to move up. I think soon we will continuation of upward move which will last longer than any occassional spurt to the upside we have seen recently. So I see a long to be favorable for a long term position from this level. For short term trade, the idea is to aim for the daily resistance WR1 around 29336.
BTC Hovers at $28,000 with Strong ResistanceAs you may already be aware, BTC has reached an astonishing value of $28,000 with an alarming level of resistance. It was due to a fake story of a Blackrock ETF approval story. It is during times like these when it becomes crucial for us to reassess our strategies and approach trading with caution.
In light of the current situation, I strongly encourage each one of you to consider pausing your BTC trading activities momentarily. This is not a call to panic or to suggest that the market will crash, but rather an opportunity to reflect on the potential risks involved. As experienced traders, we understand that it is imperative to exercise prudence and vigilance as we navigate the ever-changing dynamics of the crypto market.
By pausing our BTC trading momentarily, we can gain a better understanding of the developing patterns and indicators that may guide our future decisions. It grants us the chance to reassess our risk management strategies, conduct thorough analyses, and seek advice from trusted experts in the field. This brief pause can help us avoid impulsive decision-making and allow us to approach the market with a clear and calculated perspective.
As we tread this uncharted territory, uncertainty can be overwhelming. However, it is in these challenging times that we have an opportunity to learn, adapt, and grow as traders. Pausing BTC trading now may potentially save us from unforeseen losses and provide us with a chance to regroup ourselves for the next profitable move.
Let us remember that our success as traders is not measured solely by our ability to act swiftly, but also by the wisdom and prudence with which we approach the market. So, take a moment and pause your BTC trading activities, reassess your strategies, and embrace this opportunity to ensure the long-term success of your trading journey.
BTCUSD DAILY (D) ANALYSISIn recent developments, the cryptocurrency market, particularly Bitcoin, has been influenced by a combination of regulatory and community-driven events. Notably, the SEC's decision not to contest the court ruling favoring Grayscale Investments and their Bitcoin ETF plans has generated a sense of optimism among investors. This move is perceived as a potential step towards a more accommodating regulatory environment for Bitcoin ETFs, thereby boosting confidence in the market.
Furthermore, the conclusion of the prominent Bitcoin Amsterdam event has underscored the continued expansion and engagement within the Bitcoin community, reflecting a growing interest and involvement from various stakeholders in the cryptocurrency space.
Analyzing the market sentiment, while some technical indicators have presented a mixed outlook, the recent positive regulatory news from the SEC and the successful Bitcoin Amsterdam event have acted as key drivers of a cautious yet increasingly optimistic stance among investors. These factors are likely to exert a favorable influence on market dynamics in the short to medium term, potentially fueling a gradual upward trajectory for Bitcoin.
Consequently, the overall sentiment in the cryptocurrency market can be summarized as cautiously optimistic, with a tilt towards a slightly bullish outlook. This sentiment is underpinned by the interplay of technical factors and recent positive developments, emphasizing the importance of regulatory decisions and community engagement as pivotal drivers in shaping the trajectory of Bitcoin and the broader cryptocurrency landscape.
BTC will history repeat?1D time frame
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According to left chart, Bitcoin pumped rapidly on 25th Oct '19, which date range was around 198 Days away from 2020 halving, Bitcoin increased by 45% in two days.
Next, Bitcoin made a waterfall over 60% since Feb '20, then Bull market was triggered.
Nowadays, Bitcoin extremely increased by 20% in Oct '23, and we need around 200 Days to reach next halving in 2024. All phenomenons are similar to 2019, so we can expect a huge dump based on previous analysis of Bitcoin top structure(refer to below links). Therefore, stay patient and get ready to buy spot!
Accurate Bitcoin analysis about top structure and bear bottom.
Bitcoin PRZ analysis of Harmonic pattern.