As Bitcoin navigates its way through a critical price range between $39,000 and $31,000, a strategic Dollar Cost Averaging (DCA) approach could be a prudent strategy for long-term investors. This range is particularly interesting as it lacks significant historical resistance, with the last notable resistance being around the $30,000 mark. This level could act as a...
Bitcoin's recent attempts to breach the $44K mark seem to be losing steam, hinting at a possible downturn. The inability to break this key resistance level could signal a shift in market sentiment, leading to a retracement. Key levels to monitor: Immediate Resistance: $44K Potential Downward Targets: 39K - $35K If BTC fails to sustain above $43K, we might...
"Bitcoin continues to navigate within a tight range, presenting a classic scenario of range continuation. However, traders should be cautious of a potential long squeeze, given the current market dynamics. As BTC hovers around key resistance levels without significant breakthroughs, the accumulation of long positions might lead to a sudden downward price movement...
BTC is at a critical juncture as we anticipate the ETF approval next month. Despite this potentially bullish event, the charts paint a cautious picture. We haven't established a higher low in the last couple of months yet, signaling uncertainty. There's a possibility we might not break the $50K barrier soon. Instead, we could see a retracement to the FWB:39K -...
BTC hits strong 3D supply area!! can we brake it? alot of liquidations and stop losses between 39k -32k are we going to see a pull back that turns into long squeeze?? what do you think??
Fellow Traders, In the current climate of extended BTC prices, many are on the lookout for a retrace. This anticipation is rooted in a traditional market rhythm where what goes up must come down, at least for a breather. However, it's crucial to cast our minds back to the 2020 scenario, where similar conditions were at play. During November 2020, BTC experienced...