Well, it was a hell of a fight between the bulls defending $53.308 and bears who wants you to sell your bitcoin. Not only it held, $53.497 also held. Still need confirmation close above $54.457 though. This is an early notification. If this new uptrend finds its way up to $56.608 and close above it, you would be glad you bought the dip now! They want your Bitcoin!
In 20 minutes, Bitcoin will crash if it can't stay above 54384.
Unfortunately 4 hour uptrend is breached and will go down. First support at prior swing low 53329.96. If it breaks, 50931.30 and finally 50427.56. Dip of the dip of the dip!!!!
Short term down trend is broken and we are back to business. New Bullish Ascending Triangle in the making. If we break above 57526.81, we will sky rocket to 61735.00 and who knows maybe the all time high!
Ascending triangle broke and new short term downtrend started. We are likely to break $54.649 but i expect $53.064 to hold.
Bitcoin is forming an ascending triangle to the upside. Note that Binance will go on maintenance for 2 hours. Whales may pump it!
As i mentioned in my previous analysis, Bitcoin broke the bearish triangle upwards and started a new bullish trend.
It's been a rough couple of days now and Bitcoin seems to got hit hard by the power cut in China. Now forming a descending triangle which looks like more downwards potential for another week or so. If Bitcoin breaks above the triangle, we are back in business. This could as well be the dip. Long term bullish, short term bearish.
Bitcoin has broken almost all the important resistance levels except the all time high, but TBH it's just a matter of hours if not minutes. Last warning to buy!
Remember the big crash in March 2020? That was the Covid crash though, but it was a very good looking ascending triangle!
Remember the descending triangle back in September 2020? Anything is possible!
This means no sex today.
Bitcoin broke critical resistance and marching towards new all time high. Breaking 59.880 up can send Bitcoin to the moon by April 1st!
Last standing bearish resistance in a descending triangle formation waiting at $56700. If it breaks, Bitcoin can revisit all time highs, once again!
Bitcoin made a U turn and broke 55k resistance. Now heading towards next resistance at 59.880k.
Bitcoin could not break bearish triange, moving downwards to 50k.
Bitcoin is stuck in descending bearish triangle. Here are the possible pathways before new all time high, $37.300 is possible.